Variable Annuity definition
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.