FIXED ANNUITY Sample Clauses
A Fixed Annuity clause establishes that the annuity payments to the recipient will be for a set, predetermined amount over a specified period or for the duration of the annuitant's life. This means that regardless of market fluctuations or changes in interest rates, the payment amount remains constant throughout the term of the contract. Such a clause provides financial predictability and security for the annuitant, addressing the need for stable, guaranteed income and protecting against the risk of variable returns.
FIXED ANNUITY. An Annuity with payments which do not vary in amount.
FIXED ANNUITY. 10 1.16 Fund(s) ........................................................... 10 1.17
FIXED ANNUITY. An Annuity of a fixed dollar amount paid from the General Account.
FIXED ANNUITY. 6 Section 1. Definitions....................................................7
FIXED ANNUITY. Rates Table 3.................................... 23
FIXED ANNUITY. X is a C corpora- tion that elects to become an S corporation effective January 1, 1996. On December 31, 1995, A is age 60, has provided services to X as an employee for 20 years, and is a vested participant in X’s unfunded nonqualified re- tirement plan. Under the plan, A receives
FIXED ANNUITY. A Fixed Annuity is one with payments which stay fixed as to dollar amount through the annuity period. The method by which the amount of the first monthly payment is determined is shown in Section 28. Later payments will not be less than the first but a later payment may be more than the first if the Company credits interest above the rate built into the tables.
FIXED ANNUITY. The Owner may elect to have the Adjusted Contract Value applied to provide a Fixed Annuity. The dollar amount of each Fixed Annuity Payment shall be determined in accordance with Annuity Tables contained in this Contract which are based on the minimum guaranteed interest rate of 3% per year.
FIXED ANNUITY. A fixed annuity is an annuity with payments, which remain fixed as to dollar amount throughout the payment period. The Life Annuity Tables for Fixed Payments are used to determine the monthly annuity payment. They show the dollar amount of monthly annuity payment which can be purchased with each $1,000 applied. The amount applied to the fixed annuity will be equal to the cash surrender value allocated to the fixed annuity determined as of the date fixed annuity payments start. If it would produce a larger payment, the fixed annuity payment will be determined using the Life Annuity Tables in effect on the Maturity Date.
FIXED ANNUITY. The Owner may elect to have the Contract Withdrawal Value applied to provide a Fixed Annuity. The dollar amount of each Fixed Annuity Payment shall be determined in accordance with Annuity tables contained in contract which are based on the minimum guaranteed interest rate of 3% per year.