Fixed Income Payments. Fixed income payments are periodic payments from the Company to the designated Payee, the amount of which is fixed and guaranteed by the Company. Fixed income payments are not in any way dependent upon the investment experience of the Variable Account.
Appears in 2 contracts
Sources: Individual Flexible Premium Deferred Variable Annuity Contract (PLAIC Variable Annuity Account S), Individual Flexible Premium Deferred Variable Annuity Contract (Protective Variable Annuity Separate Account)
Fixed Income Payments. Fixed income payments are periodic payments from the Company to the designated Payee, the amount of which is fixed and guaranteed by the Company. Fixed income payments are not in any way dependent upon the investment experience of the Variable Account. Variable Income Payments β Variable income payments are periodic payments from the Company to the designated Payee, the amount of which varies from one payment to the next as a reflection of the net investment experience of the Sub-Account(s) you select to support the payments.
Appears in 1 contract
Sources: Sep Ira Agreement