Variable Annuity definition
Variable Annuity means any annuity provided by the accumulations in the variable annuity division established under
Variable Annuity. An Annuity with payments that vary with the net investment results of one or more Funds under the Separate Account.
Variable Annuity. An Annuity with payments that vary with the net investment results of one or more Funds held under the Separate Account.
Examples of Variable Annuity in a sentence
For Variable Annuity Payments, the Variable Annuity Tables are based on the Annuity 2000 Mortality Table with 7-year age setback and an Assumed Investment Return (AIR) of 3.00%.
They are used to support Variable Annuity Contracts and may be used for other purposes permitted by applicable laws and regulations.
ANNUITY UNIT -- A unit of measure used after the Annuity Commencement Date to calculate the amount of a Variable Annuity Payment.
If no election is made, the Contract Value will be used to provide a Variable Annuity Payment.
At the time an Annuity Payment Option is selected under the provisions of this Contract, the Owner may elect to have the Contract Value applied to provide a Variable Annuity Payment, a Fixed Annuity Payment, or a combination Fixed and Variable Annuity Payment.
More Definitions of Variable Annuity
Variable Annuity means a variable Retirement Annuity certificate issued by College Retirement Equities Fund (“CREF”) under which the entire accumulation is invested in the CREF Stock Account.
Variable Annuity means an annuity with annuity payments varying in amount in accordance with the net investment experience of the Separate Account;
Variable Annuity. An annuity with payments which vary as to dollar amount in relation to the investment performance of specified Sub-Accounts of the Separate Account.
Variable Annuity. The initial payment amount of the Annuitant's Variable Annuity for each Sub-Account is determined by dividing his Annuity Conversion Amount in each Sub-Account as of the initial Annuity Payment Calculation Date by the applicable Annuity Conversion Factor as defined in Section 9.4. The amount of the Annuitant's subsequent Variable Annuity payment for each Sub-Account is determined by:
(a) Dividing the Annuitant's initial Variable Annuity payment amount by the Annuity Unit Value for that Sub-Account selected for his interest rate option as described in Section 9.4 as of his initial Annuity Payment Calculation Date; and
(b) Multiplying the resultant number of annuity units by the Annuity Unit Values for the Sub-Account selected for his interest rate option for his respective subsequent Annuity Payment Calculation Dates. The Annuity Unit Value for all Sub-Accounts for all interest rate options will initially be set at ten dollars ($10). Each subsequent Annuity Unit Value for a Sub-Account for an interest rate option is determined by: Dividing the Accumulation Unit Value for the Sub-Account as of the subsequent Annuity Payment Calculation Date (APCD) by the Accumulation Unit Value for the Sub-Account as of the immediately preceding APCD, Dividing the resultant factor by one (1.00) plus the interest rate option to the n/365 power where n is the number of days from the immediately preceding APCD to the subsequent APCD, and Multiplying this factor times the Annuity Unit Value as of the immediately preceding APCD.
Variable Annuity means an Annuity with payments which vary in dollar amount throughout the payment period in accordance with the investment experience of the Equity Investment Fund.
Variable Annuity. An Annuity with payments that vary with the net investment results of the Funds available during the Annuity period.
Variable Annuity. You may elect to have the Variable Annuity Value paid as a Variable Annuity. Variable Annuity Payments reflect the investment performance of the Variable Account in accordance with the allocation of the Variable Annuity Value to the Subaccounts during the Annuity Period. Variable Annuity Payments are not guaranteed as to dollar amount. On the Annuity Date, a fixed number of Annuity Units will be purchased as follows: The first Variable Annuity Payment is equal to A divided first by B then multiplied by C where: