Common use of Amount of Payouts after the First Clause in Contracts

Amount of Payouts after the First. Payouts after the first will vary depending upon the investment experience of the Sub-Accounts in the Investment Segment. The subsequent amount paid from each Sub-Account is determined by multiplying (a) by (b) where (a) is the number of Sub-Account Annuity Units credited and (b) is the Sub-Account Annuity Unit value on the 1st Valuation Date preceding the payment date. The total amount of each variable annuity payout will be the sum of the variable annuity payouts for each Sub-Account in the Investment Segment. To prevent variable annuity payouts from decreasing, the annualized investment experience of the Sub- Accounts must be greater or equal to the assumed interest rate shown on the Contract Date Page. The Annuity Unit value for any Valuation Period for any Sub-Account is determined by multiplying the J465-NYrev 16 Annuity Unit value for the immediately preceding Valuation Period by the product of (A) and (B) where: (A) is 1/1.025^(1/365) raised to a power equal to the number of days in the current Valuation Period; and (B) is the Accumulation Unit value of the same Sub-Account for this Valuation Period divided by the Accumulation Unit value of the same Sub-Account for the immediately preceding Valuation Period. The Company guarantees that the dollar amount of each payout after the first will not be affected by variations in expenses or mortality experience.

Appears in 1 contract

Sources: Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny)

Amount of Payouts after the First. Payouts after the first will vary depending upon the investment experience of the Sub-Accounts in the Investment Segment. The subsequent amount paid from each Sub-Account is determined by multiplying (a) by (b) where (a) is the number of Sub-Account Annuity Units credited and (b) is the Sub-Account Annuity Unit value on the 1st Valuation Date preceding the payment date. The total amount of each variable annuity payout will be the sum of the variable annuity payouts for each Sub-Account in the Investment Segment. J777ny To prevent variable annuity payouts from decreasing, decreasing the annualized investment experience of the Sub- Accounts accounts must be greater or equal to the assumed interest rate shown on the Contract Date Page. The Annuity Unit value for any Valuation Period for any Sub-Account is determined by multiplying the J465-NYrev 16 Annuity Unit value for the immediately preceding Valuation Period by the product of (A) and (B) where: (A) is 1/1.025^(1/365) raised to a power equal to the number of days in the current Valuation Period; and (B) is the Accumulation Unit value of the same Sub-Account for this Valuation Period divided by the Accumulation Unit value of the same Sub-Account for the immediately preceding Valuation Period. The Company guarantees that the dollar amount of each payout after the first will not be affected by variations in expenses or mortality experience.

Appears in 1 contract

Sources: Annuity Contract (Variable Annuity-2 Series Account)

Amount of Payouts after the First. Payouts after the first will vary depending upon the investment experience of the Sub-Accounts in the Investment Segment. The subsequent amount paid from each Sub-Account is determined by multiplying (a) by (b) where (a) is the number of Sub-Account Annuity Units credited and (b) is the Sub-Account Annuity Unit value on the 1st Valuation Date preceding the payment date. The total amount of each variable annuity payout will be the sum of the variable annuity payouts for each Sub-Account in the Investment Segment. To prevent variable annuity payouts from decreasing, the annualized investment experience of the Sub- Accounts must be greater or equal to the assumed interest rate shown on the Contract Date Page. The Annuity Unit value for any Valuation Period for any Sub-Account is determined by multiplying the J465-NYrev 16 Annuity Unit value for the immediately preceding Valuation Period by the product of (A) and (B) where: (A) is 1/1.025^(1/365) raised to a power equal to the number of days in the current Valuation Period; and (B) is the Accumulation Unit value of the same Sub-Account for this Valuation Period divided by the Accumulation Unit value of the same Sub-Account for the immediately preceding Valuation Period. The Company guarantees that the dollar amount of each payout after the first will not be affected by variations in expenses or mortality experience.

Appears in 1 contract

Sources: Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny)

Amount of Payouts after the First. Payouts after the first will vary depending upon the investment experience of the Sub-Accounts in the Investment Segment. The subsequent amount paid from each Sub-Account is determined by multiplying (a) by (b) where (a) is the number of Sub-Account Annuity Units credited and (b) is the Sub-Account Annuity Unit value on the 1st Valuation Date preceding the payment date. The total amount of each variable annuity payout will be the sum of the variable annuity payouts for each Sub-Account in the Investment Segment. ICC13-J777 15 To prevent variable annuity payouts from decreasing, decreasing the annualized investment experience of the Sub- Accounts accounts must be greater or equal to the assumed interest rate shown on the Contract Date Page. The Annuity Unit value for any Valuation Period for any Sub-Account is determined by multiplying the J465-NYrev 16 Annuity Unit value for the immediately preceding Valuation Period by the product of (A) and (B) where: (A) is 1/1.025^(1/365) raised to a power equal to the number of days in the current Valuation Period; and (B) is the Accumulation Unit value of the same Sub-Account for this Valuation Period divided by the Accumulation Unit value of the same Sub-Account for the immediately preceding Valuation Period. The Company guarantees that the dollar amount of each payout after the first will not be affected by variations in expenses or mortality experience.

Appears in 1 contract

Sources: Annuity Contract (Variable Annuity-2 Series Account)

Amount of Payouts after the First. Payouts after the first will vary depending upon the investment experience of the Sub-Accounts in the Investment SegmentStrategy. The subsequent amount paid from each Sub-Account is determined by multiplying (a) by (b) where (a) is the number of Sub-Account Annuity Units credited and (b) is the Sub-Account Annuity Unit value on the 1st Valuation Date preceding the payment date. The total amount of each variable annuity payout will be the sum of the variable annuity payouts for each Sub-Account in the Investment SegmentStrategy. J100-ny 15 To prevent variable annuity payouts from decreasing, decreasing the annualized investment experience of the Sub- Accounts Sub-accounts must be greater or equal to the assumed interest rate shown on the Contract Date Page. The Annuity Unit value for any Valuation Period for any Sub-Account is determined by multiplying the J465-NYrev 16 Annuity Unit value for the immediately preceding Valuation Period by the product of (A) and (B) where: (A) is 1/1.025^(1/365) raised to a power equal to the number of days in the current Valuation Period; and (B) is the Accumulation Unit value of the same Sub-Account for this Valuation Period divided by the Accumulation Unit value of the same Sub-Account for the immediately preceding Valuation Period. The Company guarantees that the dollar amount of each payout after the first will not be affected by variations in expenses or mortality experience.

Appears in 1 contract

Sources: Annuity Contract (Variable Annuity-2 Series Account)

Amount of Payouts after the First. Payouts after the first will vary depending upon the investment experience of the Sub-Accounts in the Investment SegmentStrategy. The subsequent amount paid from each Sub-Account is determined by multiplying (a) by (b) where (a) is the number of Sub-Account Annuity Units credited and (b) is the Sub-Account Annuity Unit value on the 1st Valuation Date preceding the payment date. The total amount of each variable annuity payout will be the sum of the variable annuity payouts for each Sub-Account in the Investment SegmentStrategy. J100-ny 15 To prevent variable annuity payouts from decreasing, decreasing the annualized investment experience of the Sub- Accounts accounts must be greater or equal to the assumed interest rate shown on the Contract Date Page. The Annuity Unit value for any Valuation Period for any Sub-Account is determined by multiplying the J465-NYrev 16 Annuity Unit value for the immediately preceding Valuation Period by the product of (A) and (B) where: (A) is 1/1.025^(1/365) raised to a power equal to the number of days in the current Valuation Period; and (B) is the Accumulation Unit value of the same Sub-Account for this Valuation Period divided by the Accumulation Unit value of the same Sub-Account for the immediately preceding Valuation Period. The Company guarantees that the dollar amount of each payout after the first will not be affected by variations in expenses or mortality experience.

Appears in 1 contract

Sources: Annuity Contract (Variable Annuity-2 Series Account)

Amount of Payouts after the First. Payouts after the first will vary depending upon the investment experience of the Sub-Accounts in the Investment SegmentStrategy. The subsequent amount paid from each Sub-Account is determined by multiplying (a) by (b) where (a) is the number of Sub-Account Annuity Units credited and (b) is the Sub-Account Annuity Unit value on the 1st Valuation Date preceding the payment date. The total amount of each variable annuity payout will be the sum of the variable annuity payouts for each Sub-Account in the Investment SegmentStrategy. ICC16-J100 15 To prevent variable annuity payouts from decreasing, decreasing the annualized investment experience of the Sub- Accounts accounts must be greater or equal to the assumed interest rate shown on the Contract Date Page. The Annuity Unit value for any Valuation Period for any Sub-Account is determined by multiplying the J465-NYrev 16 Annuity Unit value for the immediately preceding Valuation Period by the product of (A) and (B) where: (A) is 1/1.025^(1/365) raised to a power equal to the number of days in the current Valuation Period; and (B) is the Accumulation Unit value of the same Sub-Account for this Valuation Period divided by the Accumulation Unit value of the same Sub-Account for the immediately preceding Valuation Period. The Company guarantees that the dollar amount of each payout after the first will not be affected by variations in expenses or mortality experience.

Appears in 1 contract

Sources: Annuity Contract (Variable Annuity-2 Series Account)