Common use of AMOUNT OF ANNUITY PAYMENTS Clause in Contracts

AMOUNT OF ANNUITY PAYMENTS. Annuity payments from the fixed account are guaranteed. The guaranteed annuity payment from the fixed account as of the first periodic payment date is shown on page 3. The annuity payments from the investment accounts are variable and may increase or decrease depending on the investment results of the underlying funds. Annuity payments from both the fixed account and the investment accounts may increase or decrease in accordance with any transfers made to or from those accounts as described in Part E. Additional amounts may also be paid with any annuity payments from the fixed account to you or your beneficiary. We do not guarantee that there will be additional amounts.

Appears in 3 contracts

Sources: Single Premium One Life Immediate Annuity (Tiaa Cref Life Separate Account Va-1), Single Premium One Life Immediate Annuity (Tiaa Cref Life Separate Accunt Va-1), Single Premium Fixed Period Immediate Annuity (Tiaa Cref Life Separate Accunt Va-1)