Fixed Dollar Annuity Sample Clauses

Fixed Dollar Annuity. A fixed dollar annuity is an annuity payable from the General Account, with payments which remain fixed as to dollar amount throughout the period of Annuity Payments. A number of General Account annuity units is determined when payments commence, but the General Account annuity unit value is always $1.00. The number of such annuity units remains unchanged during the period of Annuity Payments.
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Fixed Dollar Annuity. Fixed Dollar Annuity payments remain fixed as to dollar amount throughout the payment period. The dollar amount is as stated on page 1.
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Fixed Dollar Annuity. Variable Annuity -- A variable annuity is an annuity with payments increasing or decreasing in amount in accordance with the net investment results of the Sub- Account(s) of the Separate Account (as described in the Valuation Provisions) After the first monthly payment for a variable annuity has been determined in accordance with the provisions of this contract, a number of Sub-Account Annuity Units is determined by dividing that first monthly payment by the appropriate Sub-Account Annuity Unit value on the effective date of the annuity payments. SETTLEMENT PROVISIONS (Continued) Once variable annuity payments have begun, the number of Annuity Units remains fixed with respect to a particular Sub-Account. If the Contract Owner elects that continuing annuity payments be based on a different Sub-Account, the number will change effective with that election but will remain fixed in number following such election. The method of calculating the unit value is described under Valuation Provisions. The dollar amount of the second and subsequent variable annuity payments is not predetermined and may increase or decrease from month to month. The actual amount of each variable annuity payment after the first is determined by multiplying the number of Sub-Account Annuity Units by the Sub-Account Annuity Unit value as described in the Valuation Provisions. The Sub-Account Annuity Unit value will be determined no earlier than the fifth Valuation Day preceding the date the annuity payment is due. The Company guarantees that the dollar amount of variable annuity payments will not be adversely affected by variations in the expense results and in the actual mortality experience of payees from the mortality assumptions, including any age adjustment, used in determining the first monthly payment. Fixed Dollar Annuity -- A fixed dollar annuity is an annuity with payments which remain fixed as to dollar amount throughout the payment period. ANNUITY OPTIONS FIRST OPTION -- Life Annuity -- An annuity payable monthly during the lifetime of the payee, ceasing with the last payment due prior to the death of the payee. SECOND OPTION -- Life Annuity with 120, 180 or 240 Monthly Payments Certain -- An annuity providing monthly income to the payee for a fixed period of 120 months, 180 months, or 240 months (as selected), and for as long thereafter as the payee shall live. THIRD OPTION -- Joint and Last Survivor Life Annuity -- An annuity payable monthly during the joint lifetime of the pa...
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Fixed Dollar Annuity. Frequency of Payment. 2.06 2.07 2.08 2.09
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Fixed Dollar Annuity. 4 STANDARD TABLES
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Fixed Dollar Annuity. A series of periodic payments which remain fixed throughout the payment period and which do not vary with investment experience.
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Related to Fixed Dollar Annuity

  • Fixed Annuity An Annuity with payments which do not vary in amount.

  • Life Annuity In addition to the rules imposed by the Act, a life annuity purchased with the property of the Plan must comply with Pension Legislation and must be established for the Annuitant’s life. However, if the Annuitant has a Spouse on the date payments under the life annuity begin, the life annuity must be established for the lives jointly of the Annuitant and the Annuitant’s Spouse, unless the Spouse has provided a waiver in the form and manner required by Pension Legislation. Where the surviving Spouse is entitled to payments under the life annuity after the Annuitant’s death, those payments must be at least 60 percent of the amount to which the Annuitant was entitled prior to the Annuitant’s death. The life annuity may not differentiate based on gender except to the extent permitted by Pension Legislation.

  • Salary Rate Upon Employment The hiring rate of pay for a new employee shall not be higher than the rate of pay for an existing employee in the same classification with similar work experience, training and education.

  • Duration of normal Interest Periods Subject to Clauses 5.3 and 5.4, each Interest Period shall be: (a) 3, 6 or 12 months as notified by the Borrower to the Lender not later than 11.00 a.m. (London time) 3 Business Days before the commencement of the Interest Period; or (b) 3 months, if the Borrower fails to notify the Lender by the time specified in paragraph (a) above; or (c) such other period as the Lender may agree with the Borrower.

  • Determination of Dollar Amounts The Administrative Agent will determine the Dollar Amount of: (a) each Eurocurrency Borrowing as of the date two (2) Business Days prior to the date of such Borrowing or, if applicable, the date of conversion/continuation of any Borrowing as a Eurocurrency Borrowing, (b) the LC Exposure as of the date of each request for the issuance, amendment, renewal or extension of any Letter of Credit, and (c) all outstanding Credit Events on and as of the last Business Day of each calendar quarter and, during the continuation of an Event of Default, on any other Business Day elected by the Administrative Agent in its discretion or upon instruction by the Required Lenders. Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the preceding clauses (a), (b) and (c) is herein described as a “Computation Date” with respect to each Credit Event for which a Dollar Amount is determined on or as of such day.