Common use of Joint and Last Survivor Life Payments Clause in Contracts

Joint and Last Survivor Life Payments. Annuity Payments are paid for as long as either of two Annuitants is living as shown in Table C below. IU-IA-3096 16 The following tables show the minimum monthly payments for each $1,000 applied under the Annuity Plan, assuming fixed payments with a net investment return of 1.0%, using the Annuity 2000 Mortality Tables. We may pay a higher rate at our discretion. In Tables B and C, the amount of each payment will depend on the Annuitant’s sex and age, as determined by the nearest birthday, at the Annuity Commencement Date. Annuity Payments made on a basis other than monthly and for ages or number of years not shown will be calculated on the same basis as those shown and may be obtained from us by contacting our Customer Service Center at the address or phone number set forth on the first page of this Contract. 50 55 60 65 70 75 80 85 $2.98/2.75 3.37/3.08 3.89/3.52 4.58/4.11 5.54/4.93 6.87/6.12 8.72/7.88 11.30/10.50 $2.97/2.74 3.34/3.07 3.82/3.49 4.44/4.04 5.20/4.75 6.09/5.67 7.00/6.71 7.79/7.65 $2.89/2.70 3.20/2.99 3.55/3.34 3.91/3.72 4.22/4.10 4.43/4.38 4.54/4.53 4.58/4.58 IU-IA-3096 17