Conversion to Current Rates. Annuity payments will be based on the greater of: · Our current income factors in effect for this Contract on the Annuity Date; or · Our guaranteed income factors set forth in this Contract. The dollar amount of any annuity payments after the first payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.
Appears in 2 contracts
Sources: Contract (Separate Account a of Pacific Life & Annuity Co), Contract (Separate Account a of Pacific Life & Annuity Co)