Variable Annuity Payments. The contract contains tables indicating the minimum dollar amount of the first monthly payment under the optional forms of annuity for each $1,000 of value of a Sub-Account under the contract. The first monthly payment varies according to the variable annuity payment option selected. The first annuity payment is computed using the value of the Annuity Units as of the Annuity Calculation Date. If You elect variable annuity payments, Your election must specify the Assumed Investment Return upon which Your payments are to be based. The available rates are 3%, 5%, and 6%. The first annuity payment is payable on the Annuity Commencement Date. The remaining Annuity payments are computed and payable as of the same day of the month as the Annuity Commencement Date based on the elected Annuity Payment Frequency. The amount of the first variable annuity payment is divided by the Annuity Unit value for Your selected Sub-Account(s) as of the Annuity Commencement Date. This number of Annuity Units remains constant for the selected Sub-Account during the annuity payment period. For each subsequent payment the dollar amount of the Variable Annuity payment is determined by multiplying the specified number of Annuity Units by the Annuity Unit value. If subsequent payment dates fall on a non-Valuation Day (weekend or holiday), the payment will be computed and payable as of the prior Valuation Day. If the day of the month elected does not occur in a given month (29th, 30th, or 31st), the payments will be computed and payable as of the last Valuation Day of the month. Variable annuity payments under the Sixth Option with periods of 10 years or greater are available at any time and periods of 5 to 10 years are available on or after the second Contract Anniversary.
Variable Annuity Payments. The guaranteed purchase rates for variable Annuity Payments are based on the Annuity Mortality Table and the Assumed Investment Rate, and are shown in Table B on the Contract Schedule. The Annuity Mortality Table and Assumed Investment Rate are also shown on the Contract Schedule. The first variable Annuity Payment is equal to the portion of the Adjusted Base Account Value allocated to variable Annuity Payments, divided by $1,000, and then muliplied by the applicable purchase rate for the Annuity Option you select. Variable Annuity Payments may change, based on the performance of your selected Investment Options and the Assumed Investment Rate. We then purchase a fixed number of Annuity Units on the Annuity Date for each subaccount of your selected Investment Options. We do this by dividing the amount of the first Annuity Payment among your selected Investment Options’ subaccounts according to your future Purchase Payment allocation instructions. We then divide the Annuity Payment amount in each subaccount by the subaccount’s Annuity Unit value. On each Business Day after the Annuity Date, we determine each subaccount’s Annuity Unit value by multiplying the Annuity Unit value for the prior Business Day by the Net Investment Factor for the current Business Day, and then dividing by the assumed Net Investment Factor for the current Business Day. The assumed Net Investment Factor for the current Business Day is equal to one plus the Assumed Investment Rate, adjusted to reflect the number of calendar days that have elapsed since the prior Business Day. Thereafter, the number of Annuity Units in each subaccount remains unchanged unless you make a Transfer. However, the number of Annuity Units will change if, under Annuity Option 3, one Annuitant dies and you requested Annuity Payments at 75% or 50% of the previous payment amount. All calculations will appropriately reflect the payment frequency you selected. On each subsequent variable Annuity Payment date, the total variable Annuity Payment is the sum of the variable Annuity Payments for each subaccount. We determine the Annuity Payment for each subaccount by multiplying the subaccount’s number of Annuity Units by the Annuity Unit value on the payment date. You may select an Annuity Option other than Options 1 through 5 with our written agreement.
Variable Annuity Payments. The dollar amount of the first Variable Annuity payment shall be determined in accordance with the annuity payment rates shown on pages 21 and 22, which are based on an assumed interest rate of 3% per year. All Variable Annuity payments other than the first are determined by means of Annuity Units credited with respect to the particular Payee. The number of Annuity Units that the Company will credit in respect of a particular Sub-Account is determined by dividing that portion of the first Variable Annuity payment attributable to that Sub-Account by the Annuity Unit value of that Sub-Account for the Valuation Period which ends immediately preceding the Annuity Commencement Date. The resulting number of Annuity Units of each Sub-Account credited with respect to the Payee remains fixed unless an exchange of Annuity Units is made pursuant to the Exchange of Variable Annuity Units section below. The dollar amount of each Variable Annuity payment after the first may increase, decrease or remain constant, and is equal to the sum of the amounts determined by multiplying the number of Annuity Units of a particular Sub-Account credited with respect to the Payee by the Annuity Unit value for the particular Sub-Account for the Valuation Period which ends immediately preceding the due date of each subsequent Variable Annuity payment.
Variable Annuity Payments. 14 Any contract amendments or endorsements follow the contract data page. Additional benefits added by rider follow the Optional Annuity Forms Tables. ANNUITANT: Xxxx Xxx OWNER: Xxxx Xxx CONTRACT NUMBER: 0000000000
Variable Annuity Payments. The dollar amount of each Variable Annuity payment depends on the number of Annuity Units credited to that Annuity Option, and the value of those Units. The number of Annuity Units is determined as follows:
Variable Annuity Payments. 21 FORM T1575Z The American Franklin Life Insurance Company SCHEDULE PAGE INITIAL PURCHASE PAYMENT: $10,000 MINIMUM ADDITIONAL PURCHASE PAYMENTS (Per Division or Guarantee Period): $ 100 ADDITIONAL BENEFITS: NONE MAXIMUM ASSET CHARGE FACTORS (Separate Account Only) ANNUAL RATE: 1.40% MAXIMUM ANNUAL CONTRACT FEE: $ 30 TRANSFER CHARGE: $ 25 ISSUE AGE: 35 ANNUITY COMMENCEMENT DATE: JANUARY 1, 2026 INITIAL ALLOCATION: Net Dollar Amount of Percentage Allocations VIP Money Market Portfolio 100% $10,000 VIP High Income Portfolio xx% $ xxx VIP Investment Grade Bond Portfolio xx% $ xxx VIP Equity-Income Portfolio xx% $ xxx VIP Growth Portfolio xx% $ xxx VIP Overseas Portfolio xx% $ xxx VIP Asset Manager Portfolio xx% $ xxx VIP Index 500 Portfolio xx% $ xxx VIP II Contrafund Portfolio xx% $ xxx MFS Emerging Growth Portfolio xx% $ xxx MFS Research Portfolio xx% $ xxx MFS Growth With Income Portfolio xx% $ xxx MFS Total Return Portfolio xx% $ xxx MFS Utilities Portfolio xx% $ xxx MFS Value Portfolio xx% $ xxx Fixed Account 1 Year Guarantee Period xx% $ xxx 3 Year Guarantee Period xx% $ xxx 5 Year Guarantee Period xx% $ xxx ------ ----------- Total Allocations 100% $10,000 ANNUITANT: XXXX XXX CONTRACT NUMBER: 123456
Variable Annuity Payments. The annuity payment options are available on a variable basis. The total amount of each variable annuity payment will be the sum of the variable annuity payments for each Variable Account selected by the Owner to apply to an annuity payment option. The dollar amount of the first variable annuity payment will depend on: • the value of each Variable Account on the first Valuation Date preceding the Annuity Commencement Date; • the annuity payment option selected; • the age and sex of the annuitant / Owner; • the annuity purchase rates, which shall be the same rates that are available for a single premium immediate annuity currently offered by Great-West at the time the Owner begins receiving annuity payments; • an assumed interest rate (“AIR”)of [2.5%]; • the deduction of any applicable premium taxes; and • the deduction of any Contract fees and charges. The dollar amount of additional variable annuity payments will vary based on the investment performance of the Variable Accounts selected by the Owner to apply to an annuity payment option. This amount is equal to the sum of the amounts determined by multiplying the number of annuity units of each particular Variable Account by the annuity unit value for the particular Variable Account on the date the payment is made. The number of annuity units to be credited in respect of a particular Variable Account is determined by dividing the portion of the first variable annuity payment attributable to that Variable Account by the annuity unit value of that Variable Account on the Annuity Commencement Date. The number of annuity units of each particular Variable Account then remains fixed, assuming no transfers to or from that Variable Account occur. The dollar amount of each variable annuity payment after the first may increase, decrease, or remain constant. If the actual investment performance of a Variable Account (net of fees and expenses) exactly matches the AIR of [2.5%] at all times, the amount of each variable annuity payment would remain constant. If actual investment performance (net of fees and expenses) exceeds the AIR, the amount of the variable annuity payments would [SecureFoundation VA] XXX - 22 - increase. Conversely, if actual investment performance (net of fees and expenses) is lower than the assumed investment return, the amount of the variable annuity payments would decrease. Once variable annuity payments have begun, the Owner may transfer all or a portion of his or her Covered Fund Value from o...
Variable Annuity Payments. [Sierra Advantage II] issued by American General Life Insurance Company SCHEDULE PAGE INITIAL PURCHASE PAYMENT: $5,000 MINIMUM ADDITIONAL PURCHASE PAYMENTS: $ 100 ADDITIONAL BENEFITS: NONE MAXIMUM ASSET CHARGE FACTORS (Separate Account Only) ANNUAL RATE: 1.40% MAXIMUM ANNUAL CONTRACT FEE: $ 35 TRANSFER CHARGE (After first 12 in a Contract Year): $ 25 ISSUE AGE: 35 ANNUITY COMMENCEMENT DATE: JANUARY 1, 2027 [INITIAL ALLOCATION: NET DOLLAR AMOUNT OF PERCENTAGE ALLOCATIONS Capital Growth Portfolio 100% $ 5,000 Growth Portfolio xx% $ xxx Balanced Portfolio xx% $ xxx Value Portfolio xx% $ xxx Income Portfolio xx% $ xxx Global Money Fund xx% $ xxx Fixed Account 1 Year Guarantee Period xx% $ xxx DCA Fixed Account xx% $ xxx ---- -------- TOTAL ALLOCATIONS 100% $ 5,000] ANNUITANT: JOHN DOE CONTRACT NUMBER: 123456 CONTRACT OWNER: XXHN DOE DATE OF ISSUE: JANUARY 1, 1997 CONTRACT XXXXXXXCTION: (STATE NAME) DEFINITIONS
Variable Annuity Payments. The contract contains tables indicating the minimum dollar amount of the first monthly payment under the optional forms of annuity for each $1,000 of value of a Sub-Account under the contract. The first monthly payment varies according to the variable annuity payment option selected. The first annuity payment is computed using the value of the Annuity Units as of the Annuity Calculation Date. If You elect variable annuity payments, Your election must specify the Assumed Investment Return upon which Your payments are to be based. The available rates are 3%, 5%, and 6%.
Variable Annuity Payments. 10 Changing Portfolio Elections after the Annuity Purchase Date....10
