PAYMENT CREDITS. Each time the Owner makes a Payment to the contract, the Company will credit an amount equal to such Payment multiplied by the Payment Credit Percentage (see Specifications page). This amount will be credited to the contract's Accumulated Value. Each Payment Credit will be allocated in the same manner as its corresponding Payment.
Appears in 2 contracts
Samples: Please Read (Separate Account Kg of First Allmerica Fin Life Ins Co), Please Read (Separate Account Kg of Allmerica Fin Life Ins & Annuity Co)
PAYMENT CREDITS. Each time the Owner makes a Payment to the contract, the Company will credit an amount equal to or greater than such Payment multiplied by the Payment Credit Percentage (see Specifications page). This amount will be credited to the contract's Accumulated Value. Each Payment Credit will be allocated in the same manner as its corresponding Payment. The Payment Credit will be deducted from the amount paid to the Owner if the Owner exercises the Right To Examine Contract provision.
Appears in 2 contracts
Samples: Allmerica Select Sep Acct of 1st Allmerica Fin Life Ins Co, Separate Account Va-K of Allmerican Fn Lf Ins & an Co
