Annuity Option definition
Annuity Option. An arrangement under which Annuity Payments are made under this Contract.
Annuity Option. The payout option pursuant to which the Company makes annuity income payments.
Annuity Option means the plan option chosen by You and appearing in the Policy Schedule
Examples of Annuity Option in a sentence
It may be either a fixed or a variable amount based on the Annuity Option chosen.
Second, you may choose the form of annuity payments (Annuity Option).
We reserve the right to defer collection of Premium Taxes until surrender or until application of Accumulation Value to an Annuity Option.
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.
The number of Annuity Units in each Subaccount will not change unless exchanges of Annuity Units are made (or if the Joint and Survivor Annuity Option is elected and the Primary Annuitant dies first), but the Annuity Unit Value of those Annuity Units will vary.
More Definitions of Annuity Option
Annuity Option means one of the following Options chosen by the Annuitant at inception of the Policy:
Annuity Option means one of the options chosen by the Policy- holder/Annuitant at Policy Commencement Date, as specified in the Schedule and as detailed in Section 2) below.
Annuity Option. Under the option "Payments for a Stated Period of Time": For amounts invested in the GA Account or one or more of the Fund(s), the number of years must be at least [five (5)] and not more than [thirty (30)] and the Annuity may be a Fixed or Variable Annuity. For amounts invested in the Fixed Plus Account, the number of years must be at least [five (5)] and not more than [thirty (30)] and the Annuity must be a Fixed Annuity. Fixed Annuity -------------------------------------------------------------------------------- Minimum Guaranteed Interest [3%] (effective annual rate of return). Rate: See Section 1. - DEFINITIONS for explanations.
Annuity Option means one of the following Options chosen by the Primary Member at inception of his Membership
Annuity Option means shall mean the annuity option chosen by You and appearing in the Policy Schedule;
Annuity Option means the annuity option chosen by Annuitant and appearing in the Policy Schedule and includes the following:
Annuity Option. [Option 2] -------------------------------------------------------------------------------- FIRST PURCHASE PAYMENT........................... [$10,000] MINIMUM SUBSEQUENT PURCHASE PAYMENT.............. [$500 ($50 under an automatic investment program)] FREE WITHDRAWAL PERCENTAGE....................... 10% FIXED ACCOUNT GUARANTEED RATE.................... 1.5% FIXED ACCOUNT CURRENT RATE....................... [3%] SEPARATE ACCOUNT................................. Variable Annuity Account B ADMINISTRATION CHARGE............................ 0.15% Annually ACCOUNT ADMINISTRATION CHARGE.................... $30 Annually* WITHDRAWAL CHARGE Age of Purchase Payment in Years............... 1 2 3 4 5 6 7 8 Withdrawal Charge.............................. 7% 7% 6% 5% 4% 3% 2% 0% MORTALITY AND EXPENSE RISK CHARGE CONTRACT VALUE Less than $25,000............................ 0.85% Annually At least $25,000 but less than $100,000...... 0.70% Annually $100,000 or more............................. 0.60% Annually ("Base Charge") AFTER ANNUITY START DATE....................... 1.25% Annually RIDERS AND RIDER CHARGES -