Life Income. We will pay equal monthly installments, first payment immediately, for the lifetime of the payee with or without a guaranteed period. The minimum amount of each installment may be determined from the OPTION 4 TABLE on page 17. This Table is based on a guaranteed interest rate of 3-1/2%, compounded annually. The guaranteed period selected may be: (1) 10 years; (2) 15 years; or (3) 20 years.
Appears in 4 contracts
Samples: Description (Llac Variable Account), Description (Llac Variable Account), Llac Variable Account
Life Income. We will pay equal monthly installments, first payment immediately, for the lifetime of the payee with or without a guaranteed period. The minimum amount of each installment may be determined from the OPTION 4 TABLE on page 17. This Table is based on a guaranteed interest rate of 3-3 1/2%, compounded annually. The guaranteed period selected may be: (1) 10 years; (2) 15 years; or (3) 20 years.
Appears in 2 contracts
Samples: Llac Variable Account, Llac Variable Account
