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: Insurance Certificate (Llac Variable Account), Insurance Certificate (Llac Variable Account), Insurance Certificate (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: Insurance Contract (Llac Variable Account), Insurance Contract (Llac Variable Account)
