ASSUMED INVESTMENT definition

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ASSUMED INVESTMENT. RATE The Assumed Investment Rate is 4.5% per year. We use this rate to determine the first payment under Variable Annuity Payment Options I, J, K, M and N. Future payment amounts under these options will depend on the relationship between the Assumed Investment Rate and the actual investment performance of each Subaccount as reflected in the Subaccount's Annuity Unit Value. The Assumed Investment Rate is the net annual investment return that will need to be earned by each Subaccount of the Separate Account for there to be no reduction in the amount of the monthly payments under these options.

Examples of ASSUMED INVESTMENT in a sentence

ASSUMED INVESTMENT RETURN ("AIR") - The investment return upon which the variable annuity payments in this contract will be based.
ASSUMED INVESTMENT RETURN - The investment return upon which the variable annuity payments in this contract will be based.
ASSUMED INVESTMENT RETURN ("AIR") The annual investment return used to determine the initial variable Annuity Payment under this contract.
The age setback is as follows: DATE OF FIRST PAYMENT AGE SETBACK [Prior to 2005 1 year 2005 - 2014 2 years 2015 - 2019 3 years 2020 - 2029 4 years 2030 - 2039 5 years 2040 or later 6 years] ANNUITY TABLES FOR FIXED PAYMENTS, BASED ON A 2 1/2% ASSUMED INVESTMENT RETURN AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED Fixed Dollar Annuity payments will not vary and are guaranteed as to fixed dollar amount.
VARIABLE PAYMENT OPTIONS BASED ON ASSUMED INVESTMENT RETURN The amounts shown in these tables are the initial payment amounts based on a 5.0% Assumed Investment Return for each $1,000 of the proceeds.
DEFINITION OF ASSUMED INVESTMENT RETURN ("AIR") - The investment return CERTAIN TERMS upon which the variable Annuity payments in this contract (CONTINUED) will be based.
DEFINITION OF CERTAIN TERMS (CONTINUED) ASSUMED INVESTMENT RETURN ("AIR") - The investment return upon which the variable Annuity payments in this contract will be based.
FRM ANNUITY TABLES FOR VARIABLE PAYMENTS, BASED ON A [5%] ASSUMED INVESTMENT RETURN AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED Second and subsequent annuity payments under a variable annuity are based on the investment experience of a Separate Account and are not guaranteed as to fixed dollar amount.
The age setback is as follows: DATE OF FIRST PAYMENT AGE SETBACK Prior to 2005 1 year 2005 - 2014 2 years 2015 - 2019 3 years 2020 - 2029 4 years 2030 - 2039 5 years 2040 or later 6 years ANNUITY TABLES FOR FIXED PAYMENTS, BASED ON A 2 1/2% ASSUMED INVESTMENT RETURN Amount of First Monthly Payment For Each $1,000 Applied Fixed Dollar Annuity payments will not vary and are guaranteed as to fixed dollar amount.
THE FIRST ANNUITY PAYMENT IS BASED ON THE ASSUMED INVESTMENT RETURN, THE AGE AND SEX OF THE ANNUITANT, AND THE {TBD TABLE} PROJECTED TO YEAR [ ] .

More Definitions of ASSUMED INVESTMENT

ASSUMED INVESTMENT. RATE The Assumed Investment Rate is 4.5% per year. We use this rate to determine the first payment under Variable Payment Annuity Options I, J, K, M and N. Future payment amounts under these options will depend on the relationship between the Assumed Investment Rate and the actual investment performance of each Subaccount as reflected in the Subaccount's Annuity Unit Value. The Assumed Investment Rate is the net annual investment return that will need to be earned by each Subaccount of the Separate Account for there to be no reduction in the amount of the monthly payments under these options. BENEFICIARY The individual(s) or entity(s) designated by the Owner as shown on the Schedule Page, or as later changed. CONTRACT ANNIVERSARY The same date each year as the Contract Date. CONTRACT DATE The Contract Date shown on the Schedule Page. It is the date from which Contract Years and Contract Anniversaries are measured. CONTRACT VALUE The sum of the values under the contract of all Accumulation Units held in the Subaccounts. CONTRACT YEAR The first Contract Year is the one-year period from the Contract Date. Following Contract Years run from one Contract Anniversary to the next. FIXED PAYMENT ANNUITY An annuity providing payments which do not vary in amount after the first payment is made. MATURITY DATE The date annuity payments commence in the form of an annuity payment option. The Maturity Date may not be earlier than the first Contract Anniversary. Unless we agree otherwise, the maximum Maturity Date is the later of the Contract Anniversary nearest the younger Annuitant's 95th birthday or ten years from the Contract Date.

ASSUMED INVESTMENT. RATE The investment rate upon which we base variable Traditional Annuity Payments. (AIR) L40528 4 ------------------------------------------------------------------------------ DEFINITIONS (CONTINUED) ------------------------------------------------------------------------------ AUTHORIZED REQUEST A request that is received by the Service Center in good order (that is, in a form that is satisfactory to the Company). BENEFICIARY The person(s) or entity(ies) designated by the Owner to whom we will pay the death benefit under this contract. The Beneficiary is named at issue, but may be later changed with an Authorized Request as described in the Change of Beneficiary provision of this contract. Upon the death of a Joint Owner, the surviving Joint Owner becomes the Beneficiary and their rights take precedence over any primary and contingent Beneficiary(ies) previously named. BUSINESS DAY Each day on which the New York Stock Exchange is open for trading, except when an Investment Option does not value its shares. Our Business Day closes when regular trading on the New York Stock Exchange closes, which is usually at 4:00 p.m. Eastern Time. We will process any instructions received after the close of any Business Day on the next Business Day. CONTRACT ANNIVERSARY A 12-month anniversary of the Issue Date of this contract.

ASSUMED INVESTMENT. RATE The investment rate upon which we base variable (AIR) Annuity Payments. L40530 5 ------------------------------------------------------------------------------ DEFINITIONS (CONTINUED) ------------------------------------------------------------------------------ AUTHORIZED REQUEST A request that is received by the Service Center in good order (that is, in a form that is satisfactory to the Company). BENEFICIARY The designated person(s) or entity(ies) to whom we will pay the death benefit under this contract. You name the Beneficiary(ies) at issue. You may later change the Beneficiary(ies) by Authorized Request as described in the Change of Beneficiary provision of this contract. For jointly owned contracts, the surviving Joint Owner is the sole primary Beneficiary. Spousal Joint Owners may also name contingent Beneficiaries. For tax reasons, non-spousal Joint Owners cannot name contingent Beneficiaries. BONUS VALUE The Bonus Value for any Business Day is equal to the dollar value accumulated in the Investment Choices excluding amounts applied to Annuity Payments. The Bonus Value includes unvested bonus amounts. BUSINESS DAY Each day on which the New York Stock Exchange is open for trading, except when an Investment Option does not value its shares. Our Business Day closes when regular trading on the New York Stock Exchange closes, which is usually at 4:00 p.m. Eastern Time. We will process any instructions received after the close of any Business Day on the next Business Day. CONTRACT ANNIVERSARY A 12-month anniversary of the Issue Date of this contract.

ASSUMED INVESTMENT. RATE The Assumed Investment Rate is 4.5% per year. We use this rate to determine the first payment under Variable Payment Annuity Options I, J, K, M and N. Future payment amounts under these options will depend on the relationship between the Assumed Investment Rate and the actual investment performance of each Subaccount as reflected in the Subaccount's Annuity Unit Value. The Assumed Investment Rate is the annual investment return that will need to be earned by each Subaccount of the Separate Account for there to be no reduction in the amount of the monthly payments under these options. BONUS PAYMENT An amount that We will credit to the Contract Value at the time of each premium payment. The amount of Bonus Payment is calculated as a percentage of each premium payment as shown on the Schedule Page. CONTRACT ANNIVERSARY The same date each year as the Contract Date. CONTRACT DATE The Contract Date shown on the Schedule Page. It is the date from which Contract Years and anniversaries are measured. CONTRACT VALUE The sum of the values under a Contract of all Accumulation Units held in the Subaccounts and the Adjusted Premium Payments held in the Guaranteed Interest Account.

ASSUMED INVESTMENT. RATE The interest rate assumed in determining the First Monthly Payment Rates for variable annuities.

ASSUMED INVESTMENT. RATE The investment rate upon which we base variable (AIR) Annuity Payments.