Common use of Joint Life and Survivor Income Clause in Contracts

Joint Life and Survivor Income. We will make equal monthly payments to two payees for a guaranteed minimum of 10 years. Each payee must be at least 35 years old when payments begin. The guaranteed amount payable under this plan will earn interest at 3% compounded yearly. We may increase the interest rate and the amount of any payment. Payments will continue as long as either payee is living. If both payees die before the end of the minimum period, the amount of the remaining payments for the 10 year period will be discounted at the same interest rate used to calculate the monthly income. The discounted amount will be paid in one sum to the survivor's estate unless otherwise provided.

Joint Life and Survivor Income. We will make equal monthly payments to two payees for a guaranteed minimum of 10 years. Each payee must be at least lease 35 years old when payments begin. The guaranteed amount payable under this plan will earn interest at 3% compounded yearly. We may increase the interest rate and the amount of any payment. Payments will continue as long as either payee is living. If both payees die before the end of the minimum period, the amount of the remaining payments for the 10 year period will be discounted at the same interest a yearly rate used to calculate the monthly incomeof 3%. The discounted amount will be paid in one sum to the survivor's estate unless otherwise provided.

Joint Life and Survivor Income. We will make equal monthly payments to two payees for a guaranteed minimum of 10 years. Each payee Annuitant/Payee's Settlement Age must be at least 35 years old when payments begin. The guaranteed amount amounts payable under this plan will earn are determined assuming an interest at rate of 3% compounded yearly. We may increase the interest rate and the amount of any payment. Payments will continue as long as either payee Annuitant/Payee is living. If both payees Annuitants/Payees die before the end of the minimum period, the amount of the remaining payments for the 10 year period will be discounted at the same interest rate used to calculate in calculating the monthly income. The discounted amount will be paid in one a lump sum to the survivor's estate unless otherwise provided.

Joint Life and Survivor Income. We will make equal monthly payments to two payees Payees for a guaranteed minimum of 10 years. Each payee Payee must be at least 35 years old when payments begin. The guaranteed amount payable under this plan will earn interest at 3% compounded yearly. We may increase the interest rate and the amount of any payment. Payments will continue as long as either payee Payee is living. If both payees Payees die before the end of the minimum period, the amount of the remaining payments for the 10 year period will be discounted at the same interest rate used to calculate in calculating the monthly income. The discounted amount will be paid in one sum to the survivor's estate unless otherwise provided. Plan 5 Table Monthly payment rates for each $1000 of proceeds under Plan 5.