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Group Fixed and/or Variable Deferred Annuity Contracts ...
Jul 25, 2014 · A scheduled premium or flexible premium fixed annuity may provide that the insurer may, at its option, cancel the annuity prior to the annuitization date and pay the actual accumulation amount (i.e. no reduction for surrender charges or MVA) to the contractholder if no premium payments have been made for a period of three full years and either ...
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[DOC File]Form 2454f, Standards for Prior Approval Individual Fixed ...
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Guaranteed annuity purchase rates and the interest rate basis and mortality table of the rates. Death benefit available under the contract. Minimum premium amounts for any contract with a flat contract fee. Any other item that may affect the derivation of and compliance of contract values with any required minimum nonforfeiture values.
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[DOC File]69O-164 - FLRules
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The Guaranteed Maturity Premium for fixed premium universal life insurance policies shall be the premium defined in the policy which at issue provides the minimum policy guarantees. B. ax and ax + t are present values of an annuity of one per year payable on policy anniversaries beginning at ages x and x + t, respectively, and continuing until ...
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[DOCX File]L E T T E R H E A D
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) for single premium immediate annuity contracts and other similar contracts or supplementary contracts, and define, for policies, contracts or supplementary contracts issued after December 31, 2017, the maximum valuation interest rate determined as of the Premium Determination Date that complies with the Standard Valuation Law (SVL).
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[DOC File]Reserves by the net level premium method shall be equal to ...
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annuity are present values of an annuity of one per year payable on policy anniversaries beginning at ages x+t and x, respectively, and continuing until the highest attained age at which a premium may be paid under the policy, both on the mortality and interest bases guaranteed in the policy.
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Level premium fixed annuity