Value at annuitization definition
[DOCX File]Section 6: Additional Standard Projection Requirements
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The annual annuitization rate for a traditional GMIB contract that is immediately exercisable in the projection interval and that has an account value greater than zero, shall follow the Standard Table for Traditional GMIB Annuitization …
[DOCX File]VM-01: Definitions for Terms in Requirements
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It is important to note that strategies involving the offsetting of the risks associated with contract guarantees with other products that are subject to the reserve scope of different requirements of a …
[DOC File]CCR Template - Colorado
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Account Value Monthly Annuity Income Rate/$1,000 of Account Value* Monthly Annuity Income Based on Rates Guaranteed in the Contract $164,798 $5.00 $823.99 Based on Rates Currently Offered by the Company $171,976 $6.50 $1,117.84 * If, at the time of annuitization…
[DOC File]General Information on Income and Net Worth Development ...
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Automatically exclude $100,000 of the market value of the duplex since half of it is the claimant’s dwelling. Reduce the remaining $100,000 of the value of the duplex by the $50,000 mortgage, leaving real property $50,000 for net worth purposes. Exclude the value …
[DOCX File]Section
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(9)In determining the non-guaranteed illustrated values for a fixed indexed annuity, the index-based interest rate and account value shall be calculated for three different scenarios: one to reflect …
[DOC File]Form 2454f, Standards for Prior Approval Individual Fixed ...
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It must also state that upon annuitization, surrender, withdrawal or death that the value will be the greater of the contract’s accumulation value and the minimum nonforfeiture amount. Yes N/A …
[DOC File]Form 2454x, Standards for Prior Approval Individual ...
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It must also state that upon annuitization, surrender, withdrawal or death that the value will be the greater of the contract’s accumulation value and the minimum nonforfeiture amount. Confirm ORS …
[DOCX File]VM-01: Definitions for Terms in Requirements
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A universally accepted definition of relevant information is not to be found in actuarial literature, but certainly relevant experience is a part of what constitutes relevant information. ... but not limited to, lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization…
[DOCX File]L E T T E R H E A D
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for a supplementary contract, however, this date would normally be the date of annuitization. The definition permits, subject to the domestic commissioner’s approval, the use of some other date. An …
[DOCX File]Home - Social Circle City Schools
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is a financial product that accepts and grows funds and then, upon annuitization, pays out regular payments to the investor. Annuities are often used as retirement funds. Some annuities are funded …
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