Common use of Subsequent Variable Payments Clause in Contracts

Subsequent Variable Payments. The amount of each Subsequent Variable Annuity Payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount. To determine the amount payable for each Subaccount, we multiply the number of Annuity Units in that Subaccount by their Annuity Unit Value on the day in each payment period that corresponds to the Annuity Date. The smallest gross annual rate of return needed for the dollar amount of the Variable Annuity Payments to not decrease is equal to the sum of the assumed investment return (AIR) shown in the Contract Specifications and all product fees and charges. The fees and charges would include the Mortality and Expense Risk Charge, and the Administrative Fee, as well as the fund level expenses.

Subsequent Variable Payments. The amount of each Subsequent Variable Annuity Payment subsequent variable annuity payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount. To determine the amount payable for each Subaccount, we multiply the number of Annuity Units in that Subaccount by their Annuity Unit Value on the day in each payment period that corresponds to the Annuity Date. The smallest gross annual rate of return needed for the dollar amount of the Variable Annuity Payments variable annuity payments to not decrease is equal to the sum of the assumed investment return interest rate (AIR) shown in the Contract Specifications of 4.00% and all product fees and charges. The fees and charges would include the Mortality and Expense Risk Charge, charge and the Administrative FeeFee as shown in the Contract Specifications, as well as the fund level expenses.