Common use of Subsequent Variable Payments Clause in Contracts

Subsequent Variable Payments. The amount of each subsequent variable annuity payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount. To determine the amount payable for each Subaccount, we multiply the number of Annuity Units in that Subaccount by their Annuity Unit Value on the day in each payment period that corresponds to the Annuity Date.

Appears in 5 contracts

Samples: Insurance Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life & Annuity Co), Variable Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

AutoNDA by SimpleDocs

Subsequent Variable Payments. The amount of each subsequent variable annuity payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount. To determine the amount payable for each Subaccount, we multiply the number of Annuity Units in that Subaccount by their Annuity Unit Value on the day in each payment period that corresponds to the Annuity Date.. 10-2180

Appears in 1 contract

Samples: Variable Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!