Annuity income benefit base
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Non-Excess Withdrawals do not reduce the Benefit Base but will reduce the Death Benefit Base. An "Excess Withdrawal" is a withdrawal that causes the cumulative withdrawals for the current contract year to exceed the ABP. ... under current federal income …
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An "Excess Withdrawal" is a withdrawal that causes the cumulative withdrawals for the current contract year to exceed the ABP. An Excess Withdrawal, and any subsequent withdrawals that occur in that Contract Year, trigger a Proportional Adjustment to the Benefit Base and Death Benefit Base …
[DOCX File]VM-21: Requirements for Principle-Based Reserves for ...
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g.Guaranteed Value: The guaranteed value is the benefit base or a substitute for the account value (if greater than the account value) in the calculation of living benefits or death benefits. The methodology …
[DOCX File]VM-21: Requirements for Principle-Based Reserves for ...
https://info.5y1.org/annuity-income-benefit-base_1_37fe87.html
If the statutory reserve for payout annuity benefits referenced above in Section 4.E.2.a. requires a parameter that is not determined in a formulaic fashion such that, in reflecting the projected statutory reserve of a payout annuity benefit …
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