Variable annuity with income benefit
[DOCX File]VM-21: Requirements for Principle-Based Reserves for ...
https://info.5y1.org/variable-annuity-with-income-benefit_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 in the future, the company must make an assumption regarding this parameter and provide documentation in the VA Report.
[DOC File]PENSION BENEFITS ACT - O. Reg. 369/19
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(1) An insurance contract under which a deferred or immediate life annuity will be provided resulting from the transfer of the commuted value of a pension benefit or from the transfer of an amount from a retired member’s variable benefit account or as the result of a purchase from a life income fund, a locked-in retirement income fund or a locked-in retirement account shall set out that,
[DOC File]Annuity Myths: Things Everybody Knows About Annuities
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If the planning goal is to produce the highest income for life, the variable annuity may well outperform the fund portfolio, even in the absence of a guaranteed living benefit and even when income is taken via partial withdrawals, provided that the combined accumulation and income periods are greater than about 40 years. The longer the accumulation period and/or the income period, the better ...
[DOCX File]VM-21: Requirements for Principle-Based Reserves for ...
https://info.5y1.org/variable-annuity-with-income-benefit_1_f347a7.html
Assumptions shall be set for each contract in accordance with the contract’s guaranteed benefit type, where a number of common benefit types are specifically defined in VM-01 (e.g., GMDB, GMIB, GMWB, etc.). In addition, a simple 403(b) VA contract shall be defined as a variable annuity contract that
[DOC File]Fidelity Investments - Retirement Plans, Investing ...
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MetLife Growth and Guaranteed IncomeSM (MGGI) is a deferred variable annuity featuring a guaranteed withdrawal for life and a death benefit backed by MetLife. It features the Fidelity® VIP FundsManager® 60% Portfolio, a single, all-in-one investment solution. VIP FundsManager 60% is a 'fund of funds' portfolio which invests in a variety of mutual funds and maintains an appropriate target ...
[DOC File]Annuity Suitability - CA Department of Insurance
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Identify and discuss income distributions 10% A. Introduce the application of a split annuity in retirement planning B. Introduce the various settlement options 1. Life 2. Joint survivor 3. Period certain 4. Cash refunds C. Discuss the advantages and disadvantages of annuitization options IV. Identify and discuss variable annuities 10% A. Additional License requirements 1. Prospectus 2 ...
[DOCX File]VM-21: Requirements for Principle-Based Reserves for ...
https://info.5y1.org/variable-annuity-with-income-benefit_1_2267b0.html
For variable deferred annuity contracts that either contain no guaranteed benefits or only GMDBs, including “earnings enhanced death benefits,” (i.e., no VAGLBs), the reserve may be determined by using the method outlined below rather than by using the approach described in Section 3.D (i.e., based on projections), provided the approach described in Section 3.D has not been used in prior valuations …
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