Payment Certain Annuity Sample Clauses

Payment Certain Annuity. The first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of Payments Certain may be 60, 120, 180, 240, or any other number accepted by Prudential. Other forms of annuity payments may be provided with the consent of Prudential.
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Payment Certain Annuity. The first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of Payments Certain may be 60, 120, 180, 240, or any other number accepted by Prudential. Other forms of annuity payments may be provided with the consent of Prudential. All annuities purchased under this contract will meet the requirements of Code Sections 401(a)(9) and 457(d) and the Regulations issued thereunder.
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Payment Certain Annuity. The first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of Payments Certain may be 60, 120, 180, 240, or any other number accepted by Prudential. GVA-120-87 (10/11) Serial 410 4.4 Other forms of annuity payments may be provided with the consent of Prudential. No form of annuity will be purchased which provides for payments:
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Payment Certain Annuity. The first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of payments may be 60, 120, 180, 240 or any other number we accept. If the Annuitant dies before his Beneficiary, monthly annuity payments will continue to be made to the Beneficiary until the number of payments specified by the Annuitant has been made. Other forms of annuity may be provided with our consent. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- ANNUITY SCHEDULES The schedules show the monthly amount of annuity purchased per $10,000, after deduction of any taxes on annuity premiums that may apply. The amounts of annuity for other ages of the Annuitant or Contingent Annuitant will be provided upon request. -------------------------------------------------------------------------------- SCHEDULE B - LIFE - PAYMENT CERTAIN ANNUITY (120 PAYMENTS CERTAIN) MONTHLY AMOUNT If the date the annuity is purchased is in: AGE 1998 1999 2000 2005 --- ---- ---- ---- ---- 60 $34.89 $34.75 $34.61 $33.90 65 39.86 39.67 39.49 38.59 70 46.17 45.93 45.70 44.55 SCHEDULE C - LIFE - CONTINGENT ANNUITY MONTHLY AMOUNT -------------- If Annuitant and Contingent Annuitant have same date of birth. If the date the annuity is purchased is in: AGE 1998 1999 2000 2005 --- ---- ---- ---- ---- If specified percentage to Contingent Annuitant is 100%: 60 $29.87 $29.77 $29.66 $29.15 65 33.64 33.49 33.35 32.66 70 38.74 38.54 38.34 37.40 If specified percentage to Contingent Annuitant is 50%: 60 $32.36 $32.23 $32.10 $31.48 65 36.87 36.70 36.53 35.71 70 42.97 42.74 42.50 41.37 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- SCHEDULE D - PAYMENT CERTAIN ANNUITY MONTHLY AMOUNT -------------- If the date the annuity is purchased is in: NUMBER OF PAYMENTS CERTAIN 1998 1999 2000 2005 ------- ---- ---- ---- ---- 60 $160.49 $160.49 $160.49 $160.49 120 84.21 84.21 84.21 84.21 180 58.87 58.87 58.87 58.87
Sample 1

Related to Payment Certain Annuity

  • INSTRUCTIONS FOR COMPLETING REPAYMENT ELECTION FORM AND EXERCISING REPAYMENT OPTION Capitalized terms used and not defined herein have the meanings defined in the accompanying Repayment Election Form.

  • Basis of Payment of Benefits Direct payment by the Insurer is the basis of payment of benefits under this Agreement, with those benefits in turn being based on the payment of premiums as provided in this Agreement.

  • Calculation of Benefits Immediately following delivery of any Notice of Termination, the Company shall notify the Executive of the aggregate present value of all termination benefits to which he would be entitled under this Agreement and any other plan, program or arrangement as of the projected Date of Termination, together with the projected maximum payments, determined as of such projected Date of Termination that could be paid without the Executive being subject to the Excise Tax.

  • Payment of Benefit The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

  • ANNUITY Payment of an income:

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • ANNUITY PAYMENT OPTIONS a. Life Annuity / Life Annuity with Certain Period -- Fixed and/or Variable Annuity Payments will be made for the lifetime of the Annuitant with no Certain Period, or life and a 10 year Certain Period, or life and a 20 year Certain Period.

  • Payment of Benefits Any amounts due under this Agreement shall be paid in one (1) lump sum payment as soon as administratively practicable following the later of: (i) Xx. Xxxxxx'x Termination Date, or (ii) upon Xx. Xxxxxx'x tender of an effective Waiver and Release to the Company in the form of Exhibit A attached hereto and the expiration of any applicable revocation period for such waiver. In the event of a dispute with respect to liability or amount of any benefit due hereunder, an effective Waiver and Release shall be tendered at the time of final resolution of any such dispute when payment is tendered by the Company.

  • Fixed Annuity Payments The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

  • Distribution of Benefit The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Separation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.

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