Settlement Option. Computations The 1983 Group Annuity Mortality Table with interest at three percent (3%) per year, compounded annually, is used to compute all guaranteed settlement option factors, values, and benefits under this Contract. Available Settlement Options The available settlement options are set out below. Option A Income for a Fixed Period We will make periodic payments for a fixed period. The first payment will be paid as of the last day of the initial Payment Interval. The maximum time over which payments will be made by us or money will be held by us is thirty (30) years. The Option A Table applies to this Option.
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Sources: Group Flexible Premium Deferred Variable Annuity Contract (Galic of New York Separate Account I), Group Flexible Premium Deferred Variable Annuity Contract (Galic of New York Separate Account I)