Examples of Fixed Rate Option in a sentence
Funds must remain in the Fixed Rate Option while the claim is reviewed and while Benefit Payments are being received.
Additional premium payments or loan repayments must also be allocated to the Fixed Rate Option while a claim is reviewed and while Benefit Payments are being received.
When a loan is made, an amount equal to the loan proceeds is transferred out of the Variable Investment Options and/or the Fixed Rate Option, as applicable.
Premiums other than those received prior to the Contract Date and those described above will be allocated among the Variable Investment Options and/or the Fixed Rate Option according to the current premium allocation (less front-end charges) as of the date received.
Only one transfer from the Fixed Rate Option will be permitted during each Contract Year.