VALUES AND BENEFITS Clause Samples
VALUES AND BENEFITS. Any cash values, paid up annuities and death benefits that may be available under this Contract are not less than the minimum benefits required by the law of any state in which this Contract is delivered.
VALUES AND BENEFITS. All reserves are greater than, or equal to, those required by statute. Any values and death benefits that may be available under this Contract are not less than the minimum benefits required by any law of the state in which this Contract is delivered. FIXED ANNUITY TABLES AND VARIABLE ANNUITY TABLES AMOUNT OF FIRST MONTHLY PAYMENT PER $1000 OF CONTRACT VALUE Annuitant Only
VALUES AND BENEFITS. All reserves are greater to or equal to those required by statute. Any values and death benefits that may be available under this Contract are not less than the minimum benefits required by any statute of the state in which this Contract is delivered.
VALUES AND BENEFITS. NOTICE OF RIGHT TO EXAMINE CONTRACT YOU MAY RETURN THIS CONTRACT TO THE SELLING PRODUCER OR THE COMPANY NO LATER THAN 10 DAYS AFTER YOU RECEIVE IT (30 DAYS AFTER YOU RECEIVE IT IF YOU PURCHASED THE CONTRACT AS A REPLACEMENT CONTRACT). [IF THIS CONTRACT WAS PURCHASED AS A REPLACEMENT FOR A ▇▇▇▇▇▇▇ NATIONAL LIFE INSURANCE COMPANY CONTRACT, YOU MAY RETURN IT NO LATER THAN 45 DAYS AFTER YOU RECEIVE IT.] THE COMPANY WILL REFUND THE FULL PREMIUM ALLOCATED TO THE FIXED ACCOUNTS LESS ANY WITHDRAWALS FROM THE FIXED ACCOUNT, PLUS THE SEPARATE ACCOUNT CONTRACT VALUE, WITHOUT DEDUCTION FOR ANY FEES AND CHARGES, CALCULATED ON THE BUSINESS DAY ON WHICH THE COMPANY RECEIVES THE CONTRACT AT ITS SERVICE CENTER. RETURNED CONTRACTS ARE VOID. Please Note: The Company reserves the right to allocate all Premium received during the "Notice of Right to Examine Contract" period to a money market Investment Division or the Fixed Account. After the "Notice of Right to Examine Contract" period expires, the Company will allocate the Contract Value to the Contract Options You have specified. The Telephone Number for the [Issue State] Department of Insurance is [Insurance Department telephone number]. INDIVIDUAL DEFERRED VARIABLE AND FIXED ANNUITY CONTRACT WITH MARKET VALUE ADJUSTMENT. (FLEXIBLE PREMIUM).
VALUES AND BENEFITS. Any values and death benefits that may be available under this Contract are not less than the minimum benefits required by Section 7B of the Model Variable Annuity Regulation, model #250.
VALUES AND BENEFITS. Any cash values, paid up annuities and death benefits that may be available under this Contract are not less than the minimum benefits required by the laws of the state of New York.
VALUES AND BENEFITS. All reserves are greater to or equal to those required by statute. Any values and death benefits that may be available under this Contract are not less than the minimum benefits required by any law of the state in which this Contract is delivered. [Fixed] [Variable] ANNUITY TABLE OPTION 1 [Minimum Guaranteed Interest Rate for a Fixed Annuity Option: 3%] [Assumed Investment Rate for a Variable Annuity Option: 3%] Monthly Annuity Payments for Life Annuity For Each $1,000 Of Adjusted Contract Value Applied
VALUES AND BENEFITS. Any cash values, paid up annuities and death benefits that may be available under this Contract are not less than the minimum benefits required by the law of any state in which this Contract is delivered. ANNUITY SETTLEMENT TABLES Tables 1 and 2 below are applied to the Adjusted Contract Value to compute the minimum amount of the annuity payment. Table 1 is used to compute the minimum annuity payment under Option 1 (Fixed Period Annuity Option). Table 2 is used to compute the minimum annuity payment under Option 2 (Life Income Annuity Option). The rates in Table 1 and 2 are applied per $1,000 of Adjusted Contract Value. We used an interest rate of 1.5% per year in preparing Table 1, and an interest rate of 3% per year in preparing Table 2. Table 2 assumes 120 payments certain. The annuity payments in Table 2 are based on the Annuitant's Adjusted Age and sex. The Adjusted Age is the Annuitant's age last birthday prior to the date on which the first Annuity payment is due, adjusted as shown in the "Translation of Adjusted Age" Table. When we computed the amounts shown in Table 2, we adjusted the Annuity 2000 Mortality Table to an age last birthday basis, less two years, with projected mortality improvements (modified Scale G). TABLE 1 Number of Monthly Number of Monthly Number of Monthly Number of Monthly Years Payment Years Payment Years Payment Years Payment ----- ------- ----- ------- ----- ------- ----- ------- 1 $83.90 8 $11.04 14 $6.59 20 $4.81 2 42.26 9 9.89 15 6.20 21 4.62 3 28.39 10 8.96 16 5.85 22 4.44 4 21.45 11 8.21 17 5.55 23 4.28 5 17.28 12 7.58 18 5.27 24 4.13 6 14.51 13 7.05 19 5.03 25 3.99 7 12.53 In using Table 1, multiply the monthly payment by 2.996 for quarterly payments, 5.981 for semi-annual Payments, or 11.919 for annual payments
VALUES AND BENEFITS. All reserves are greater to or equal to those required by statute. Any values and death benefits that may be available under this Contract are not less than the minimum benefits required by any law of the state in which this Contract is delivered. [Fixed] [Variable] ANNUITY TABLE OPTION 1 [Minimum Guaranteed Interest Rate for a Fixed Annuity Option: 3%] [Assumed Investment Rate for a Variable Annuity Option: 3%] Monthly Annuity Payments for Life Annuity For Each $1,000 Of Adjusted Contract Value Applied Male Female Male Female Male Female Adjusted Monthly Monthly Adjusted Monthly Monthly Adjusted Monthly Monthly Age Payment Payment Age Payment Payment Age Payment Payment ___________ ___________ __________ ___________ ___________ ___________ ___________ ___________ ___________ 5 2.79 2.74 32 3.27 3.15 59 4.91 4.53 6 2.80 2.74 33 3.30 3.17 60 5.03 4.63 7 2.81 2.75 34 3.33 3.20 61 5.16 4.74 8 2.82 2.76 35 3.36 3.23 62 5.30 4.86 9 2.83 2.77 36 3.40 3.26 63 5.44 4.98 10 2.84 2.78 37 3.43 3.29 64 5.60 5.11 11 2.85 2.80 38 3.47 3.32 65 5.77 5.24 12 2.87 2.81 39 3.51 3.35 66 5.94 5.39 13 2.88 2.82 40 3.55 3.39 67 6.13 5.55 14 2.90 2.83 41 3.60 3.43 68 6.34 5.72 15 2.91 2.84 42 3.65 3.46 69 6.55 5.91 16 2.92 2.86 43 3.69 3.50 70 6.78 6.10 17 2.94 2.87 44 3.75 3.55 71 7.02 6.32 18 2.96 2.88 45 3.80 3.59 72 7.28 6.55 19 2.97 2.90 46 3.86 3.64 73 7.56 6.80 20 2.99 2.91 47 3.91 3.69 74 7.86 7.07 21 3.01 2.93 48 3.98 3.74 75 8.18 7.37 22 3.03 2.94 49 4.04 3.79 76 8.52 7.68 23 3.05 2.96 50 4.11 3.85 77 8.88 8.02 24 3.07 2.98 51 4.18 3.91 78 9.27 8.40 25 3.09 3.00 52 4.25 3.97 79 9.69 8.80 26 3.11 3.02 53 4.33 4.04 80 10.13 9.23 27 3.13 3.04 54 4.42 4.11 81 10.60 9.71 28 3.16 3.06 55 4.50 4.19 82 11.11 10.22 29 3.18 3.08 56 4.60 4.27 83 11.65 10.77 30 3.21 3.10 57 4.70 4.35 84 12.23 11.37 31 3.24 3.12 58 4.80 4.44 85+ 12.84 12.01 [Fixed] [Variable] ANNUITY TABLE OPTION 2 [Minimum Guaranteed Interest Rate for a Fixed Annuity Option: 3%] [Assumed Investment Rate for a Variable Annuity Option: 3%] Monthly Annuity Payments for Life Annuity with 5, 10 or 20 Years Guaranteed For Each $1,000 Of Adjusted Contract Value Applied Female's Female's Adjusted 5 Years 10 Years 20 Years Adjusted 5 Years 10 Years 20 Years Age Guaranteed Guaranteed Guaranteed Age Guaranteed Guaranteed Guaranteed _______________ ______________ ______________ ______________ _________________ ______________ ______________ ______________ 5 2.74 2.74 2.73 46 3.64 3.63 3.59 6 2.74 2.74 2.74 47 3.69 3.68 3.64 7 2...
VALUES AND BENEFITS. Any values and death benefits that may be available under this Contract are not less than the minimum benefits required by any law of the state in which this Contract is delivered. FIXED ANNUITY TABLES AND VARIABLE ANNUITY TABLES AMOUNT OF FIRST MONTHLY PAYMENT PER $1000 OF CONTRACT VALUE Annuitant Only