FIXED ANNUITIZATION. A series of periodic income payments of predetermined amounts that do not vary with investment experience. Such payments are made from the Company's general asset account. This Contract provides several fixed annuity payment options. GUARANTEE PERIOD The period for which interest is credited to amounts allocated to available Fixed Account Options. We determine in our sole discretion the periods, if any, which will be offered. INITIAL PAYMENT ENHANCEMENT The Payment Enhancement allocated to Your Contract Value on the date a Purchase Payment is credited to Your Contract. IRC The Internal Revenue Code of 1986, as amended, or as it may be amended or superseded.
Appears in 2 contracts
Sources: Annuity Contract (Variable Separate Account of Anchor National Life Insur Co), Annuity Contract (Variable Separate Account of Anchor National Life Insur Co)