ANNUITY OPTION TABLES. Applicability of Rates — For the fixed Annuity Option, the Annuity Option Tables contained in the following pages illustrate the minimum guaranteed monthly income purchased per $1,000 of the net amount applied. The tables also illustrate the minimum rates for the first monthly variable annuity payment per $1,000 of the net amount applied to the variable annuity payment option. Subsequent payments may be higher or lower than the first payment, based on the investment performance of the Subaccount(s) you elect and whether you exchange Subaccount Annuity Units. For some Qualified Plans and in some states, the use of sex-distinct income factors are prohibited. For those Qualified Plans, we use blended unisex income factors for life payment options for both male and female Annuitants.
ANNUITY OPTION TABLES. 12 ------------------------------------------------------------------------- Xxxxxxx Xxxxx Life Insurance Company is a stock life insurance company. /s/ Xxxxx X. Xxxxxxxxx /s/ Xxxx X. Xxxxx President Secretary Individual Variable Annuity Contract Flexible Premiums - Nonparticipating DEFINITIONS
ANNUITY OPTION TABLES. The following tables are based on the 1983 Table "a" projected forward to 2000 for Individual Annuity Valuation with interest at 3%. MINIMUM GUARANTEED MONTHLY ANNUITY PAYMENT FOR EACH $1,000 APPLIED UNDER OPTION OPTION 2 (PAYMENTS FOR A FIXED PERIOD) ---------------------------------------------------------------------------------------------- YEARS EACH YEARS EACH YEARS EACH YEARS EACH PAYABLE PAYMENT PAYABLE PAYMENT PAYABLE PAYMENT PAYABLE PAYMENT ---------------------------------------------------------------------------------------------- 5 17.91 9 10.53 13 7.71 17 6.23 6 15.14 10 9.61 14 7.26 18 5.96 7 13.16 11 8.86 15 6.87 19 5.73 8 11.68 12 8.24 16 6.53 20 5.51 ---------------------------------------------------------------------------------------------- OPTION 3 (LIFE ANNUITY), OPTION 4 (LIFE ANNUITY WITH 10 OR 20 YEARS GUARANTEED) AND OPTION 5 (RETURN OF CONTRACT VALUE GUARANTEED) -------------------------------------------------------------------------------------------------------------------------------- (*)ADJUSTED LIFE 10 YEARS 20 YEARS RETURN OF (*)ADJUSTED LIFE 10 YEARS 20 YEARS RETURN OF MALE AGE ANNUITY GUARANTEE GUARANTEE CONTRACT VALUE FEMALE AGE ANNUITY GUARANTEE GUARANTEE CONTRACT VALUE -------------------------------------------------------------------------------------------------------------------------------- 56 4.42 4.37 4.20 4.21 56 4.12 4.10 4.01 4.00 57 4.51 4.45 4.27 4.28 57 4.20 4.17 4.07 4.06 58 4.60 4.54 4.33 4.35 58 4.28 4.25 4.13 4.13 59 4.70 4.63 4.39 4.43 59 4.36 4.33 4.19 4.20 60 4.80 4.73 4.46 4.51 60 4.45 4.41 4.26 4.27 61 4.92 4.83 4.52 4.60 61 4.55 4.50 4.33 4.35 62 5.04 4.93 4.59 4.68 62 4.65 4.59 4.40 4.43 63 5.17 5.05 4.65 4.78 63 4.76 4.69 4.47 4.52 64 5.30 5.16 4.72 4.88 64 4.87 4.80 4.54 4.61 65 5.45 5.29 4.78 4.98 65 5.00 4.91 4.61 4.70 66 5.61 5.42 4.85 5.09 66 5.13 5.03 4.68 4.80 67 5.77 5.55 4.91 5.20 67 5.27 5.15 4.76 4.91 68 5.95 5.69 4.97 5.32 68 5.42 5.29 4.83 5.02 69 6.14 5.84 5.03 5.45 69 5.58 5.42 4.90 5.14 70 6.34 5.99 5.08 5.58 70 5.75 5.57 4.97 5.27 71 6.55 6.14 5.13 5.72 71 5.94 5.73 5.03 5.40 72 6.78 6.30 5.18 5.86 72 6.14 5.89 5.09 5.54 73 7.02 6.46 5.23 6.02 73 6.36 6.06 5.15 5.69 74 7.28 6.63 5.27 6.18 74 6.60 6.23 5.21 5.85 75 7.55 6.80 5.31 6.34 75 6.86 6.42 5.25 6.02 76 7.84 6.97 5.34 6.52 76 7.13 6.61 5.30 6.20 77 8.16 7.15 5.37 6.71 77 7.43 6.80 5.34 6.39 78 8.49 7.32 5.40 6.90 78 7.75 7.00 5.37 6.59 79 8.85 7.50 5.42 7.11 79 8.10 7.20 5.40 6.80 80 9.24 7.67 5.44 7.32 80 8.47 7.40 5....
ANNUITY OPTION TABLES. Applicability of Rates - The annuity rates contained in the tables on the following pages will be used to provide a minimum guaranteed monthly annuity. The rates shown are for each $1,000 of value applied under the applicable Annuity Option and does not include any applicable premium taxes. Any applicable premium taxes will be withdrawn as described in the Premium Taxes provision. For some Qualified Plans and in some states, the use of sex-distinct income factors is prohibited. Therefore, we use blended (50% male and 50% female) unisex income factors for life payment options, for both male and female Annuitants. Basis of Computations - The actuarial basis for the annuity rates contained in the tables is the 2000 Individual Annuity Mortality Table with the ages set back 8 years and with interest at an annual rate of 3%. Rates Not Shown - Any rates and/or ages not shown in the tables contained in this Contract will be provided by the Company upon request. OPTIONS 1 AND 2 LIFE ONLY OR LIFE WITH GUARANTEED PERIOD CERTAIN OF 10 AND 20 YEARS Male at 3% Female at 3% Unisex at 3% Life with Life with Life with Guaranteed Guaranteed Guaranteed Life Period Certain Life Period Certain Life Period Certain Age Only 10 Yr. 20 Yr. Only 10 Yr. 20 Yr. Only 10 Yr. 20 Yr. 30 [3.02 3.02 3.01 2.94 2.94 2.94 2.98 2.98 2.97 35 3.13 3.12 3.11 3.03 3.03 3.02 3.08 3.08 3.07 40 3.26 3.25 3.24 3.14 3.14 3.13 3.20 3.19 3.18 45 3.42 3.41 3.39 3.28 3.27 3.26 3.35 3.34 3.33 50 3.63 3.62 3.58 3.45 3.44 3.42 3.53 3.53 3.50 55 3.89 3.87 3.80 3.67 3.66 3.62 3.77 3.76 3.71 60 4.22 4.19 4.07 3.95 3.93 3.87 4.08 4.05 3.96 65 4.65 4.59 4.38 4.31 4.28 4.16 4.47 4.43 4.26 70 5.23 5.12 4.71 4.80 4.74 4.51 5.00 4.92 4.61 75 6.04 5.79 5.04 5.47 5.35 4.88 5.73 5.55 4.96 80 7.16 6.61 5.31 6.44 6.14 5.22 6.76 6.36 5.26 85 8.70 7.53 5.49 7.85 7.13 5.45 8.23 7.31 5.47 90 10.86 8.43 5.57 9.96 8.19 5.56 10.35 8.30 5.57 95 13.85 9.17 5.60 13.08 9.06 5.60 13.40 9.11 5.60] OPTION 3 - JOINT AND 50% SURVIVOR LIFE Male Age (Primary Annuitant) 60 65 70 75 80 85 Female Age 60 [3.90 4.13 4.39 4.70 5.03 5.39 65 3.97 4.24 4.55 4.90 5.29 5.70 70 4.04 4.35 4.70 5.11 5.57 6.07 75 4.10 4.44 4.85 5.33 5.89 6.49 80 4.14 4.51 4.97 5.54 6.21 6.96 85 4.17 4.56 5.07 5.71 6.50 7.44] Unisex Age (Primary Annuitant) 60 65 70 75 80 85 Unisex Age 60 [3.84 4.07 4.34 4.65 5.01 5.40 65 3.90 4.17 4.48 4.84 5.25 5.70 70 3.95 4.25 4.61 5.03 5.51 6.05 75 3.99 4.32 4.72 5.21 5.79 6.44 80 4.02 4.38 4.82 5.37 6.05 6.86 85 4.05 4.41 4.89 5.50 6....
ANNUITY OPTION TABLES. For the fixed annuity option and the initial variable annuity benefit, the Tables below illustrate the minimum guaranteed monthly income purchased per $1,000 of the net amount applied. The actuarial basis for the fixed annuity option Tables is the 1983a Annuity Mortality Table with the ages set back ten (10) years with interest at an annual rate of 3%. The Tables also illustrate the minimum rates for the first monthly variable annuity payment per $1,000 of the net amount applied to the variable annuity payment option. The rates for variable annuity payments are based on interest at the annual rate of 5% and the 1983a Annuity Mortality Table with the ages set back ten (10) years. Subsequent payments may be higher or lower than the first payment, based on the investment performance of the Subaccount(s) you elect and whether you exchange Subaccount Annuity Units. These Tables provide for sex-distinct and unisex payment income factors for life payment options. For some Qualified Plans and in some states, the use of sex- distinct income factors are prohibited. For those Qualified Plans and in those states, we use blended unisex income factors for life payment options, whether the Annuitant is male or female. We will provide rates for any payment frequency, interest rate, age or sex, combinations thereof, and/or payout percentage or any annuity option, if applicable, that we offer if they are not shown in the Tables that follow. OPTIONS 1 AND 2 - SINGLE LIFE ANNUITIES WITH GUARANTEED PAYMENTS FOR: FIXED ANNUITY RATES --------------------------------------------------------------------------------------------------------- MALE AT 3% FEMALE AT 3% UNISEX AT 3% ----------------------- ---------------------- ----------------------- AGE NONE 10 YR. 20 YR. NONE 10 YR. 20 YR. NONE 10 YR. 20 YR. ---------- ----- ------ ------ ----- ------ ------ ----- ------ ------ 30 3.04 3.03 3.03 2.93 2.93 2.93 2.99 2.98 2.98 35 3.14 3.14 3.13 3.02 3.02 3.01 3.08 3.08 3.07 40 3.28 3.27 3.26 3.13 3.12 3.12 3.20 3.20 3.19 45 3.44 3.44 3.41 3.26 3.26 3.24 3.35 3.35 3.33 50 3.66 3.64 3.60 3.42 3.42 3.40 3.54 3.54 3.50 55 3.93 3.90 3.82 3.63 3.63 3.59 3.78 3.77 3.71 60 4.27 4.22 4.08 3.90 3.89 3.82 4.09 4.06 3.96 65 4.70 4.62 4.39 4.25 4.22 4.11 4.48 4.43 4.25 70 5.28 5.14 4.71 4.72 4.66 4.44 5.00 4.90 4.58 75 6.10 5.81 5.02 5.35 5.22 4.79 5.73 5.52 4.92 80 7.23 6.61 5.27 6.25 5.96 5.12 6.74 6.30 5.20 85 8.82 7.49 5.42 7.56 6.89 5.35 8.18 7.20 5.39 90 11.06 8.33 5.49 9.53 7.89 5.47 10.28 8...
ANNUITY OPTION TABLES. For the fixed annuity option and the initial variable annuity benefit, the Tables below illustrate the minimum guaranteed monthly income purchased per $1,000 of the net amount applied. The actuarial basis for the fixed annuity option Tables is the 1983a Annuity Mortality Table with the ages set back ten (10) years with interest at an annual rate of 3%. The Tables also illustrate the minimum rates for the first monthly variable annuity payment per $1,000 of the net amount applied to the variable annuity payment option. The rates for variable annuity payments are based on interest at the annual rate of 5% and the 1983a Annuity Mortality Table with the ages set back ten (10) years. Subsequent payments may be higher or lower than the first payment, based on the investment performance of the Subaccount(s) you elect and whether you exchange Subaccount Annuity Units. These Tables provide for sex-distinct and unisex payment income factors for life payment options. For some Qualified Plans and in some states, the use of sex-distinct income factors are prohibited. For those Qualified Plans and in those states, we use blended unisex income factors for life payment options, whether the Annuitant is male or female. We will provide rates for any payment frequency, interest rate, age or sex, combinations thereof, and/or payout percentage or any annuity option, if applicable, that we offer if they are not shown in the Tables that follow.
ANNUITY OPTION TABLES. 19 CONTRACT SCHEDULE
ANNUITY OPTION TABLES. Applicability of Rates - For the fixed Annuity Option and the initial variable annuity benefit, the Annuity Option Tables contained in the following pages illustrate the minimum guaranteed monthly income purchased per $1,000 of the net amount applied. The tables also illustrate the minimum rates for the first monthly variable annuity payment per $1,000 of the net amount applied to the variable annuity payment option. Subsequent payments may be higher or lower than the first payment, based on the investment performance of the Subaccount(s) you elect and whether you exchange Subaccount Annuity Units. For some Qualified Plans, the use of sex-distinct income factors are prohibited. For those Qualified Plans, we use blended unisex income factors for life payment options for both male and female Annuitants. Basis of Computations - The actuarial basis for the fixed Annuity Option Tables is the 1983a Annuity Mortality Table with the ages set back ten (10) years with interest at an annual rate of 3%. The rates for variable annuity payments are based on an assumed investment return of 4% per year and the 1983a Annuity Mortality Table with the ages set back ten (10) years. Rates Not Shown - We will provide rates for any payment frequency, interest rate, Age or sex, combinations thereof, and/or payout percentage for any Annuity Option, if applicable, that we offer if they are not shown in the Tables. Annuity benefits will not be less than those that would have been provided by the application of an amount to purchase any single consideration immediate annuity offered by us at the time annuity payments commence to the same class annuitant. The amount shall be the greater of the cash surrender benefit or 95% of what the cash surrender benefit would be if there were no withdrawal charge. OPTIONS 1 AND 2 LIFE ONLY OR LIFE WITH GUARANTEED PERIOD CERTAIN OF 10 AND 20 YEARS Fixed Annuity Rates --------------------------------------------------------------------------------------------------- Male at 3% Female at 3% Unisex at 3% --------------------------- --------------------------- --------------------------- Life with Life with Life with Guaranteed Guaranteed Guaranteed Life Period Certain Life Period Certain Life Period Certain Age Only 10 Yr. 20 Yr. Only 10 Yr. 20 Yr. Only 10 Yr. 20 Yr. --- ---- ------ ------ ---- ------ ------ ---- ------ ------ 30 3.04 3.03 3.03 2.93 2.93 2.93 2.99 2.98 2.98 35 3.14 3.14 3.13 3.02 3.02 3.01 3.08 3.08 3.07 40 3.28 3.27 3.26 3.13 3.12 3....
ANNUITY OPTION TABLES. FOR EACH $1,000 ------------------------------------------------------------------------------------------------------------------ OPTION 1 OPTION 2 OPTION 4 ------------------------------------------------------------------------------------------------------------------ AGE OF PAYEE LIFE 60 MONTHS 120 MONTHS 180 MONTHS 240 MONTHS INCOME FOR A ANNUITY GUARANTY GUARANTY GUARANTY GUARANTY FIXED PERIOD MALE FEMALE ------------------------------------------------------------------------------------------------------------------- 45 50 $4.53 $4.52 $4.50 $4.46 $4.40 YEARS MONTHLY 46 51 4.59 4.58 4.55 4.51 4.45 CERTAIN INSTALLMENTS 47 52 4.65 4.64 4.61 4.56 4.50 ------- ------------ 49 53 4.72 4.71 4.67 4.62 4.55 5 18.32 49 54 4.79 4.77 4.74 4.68 4.60 6 15.56 ------------------------------------------------------------------------------------------------------------------- 50 55 4.86 4.85 4.81 4.74 4.65 7 13.59 51 56 4.94 4.92 4.88 4.80 4.71 8 12.11 52 57 5.02 5.00 4.95 4.87 4.76 9 10.97 53 58 5.10 5.08 5.03 4.94 4.82 10 10.06 54 59 5.19 5.17 5.11 5.01 4.88 11 9.31 ------------------------------------------------------------------------------------------------------------------- 55 60 5.29 5.26 5.20 5.09 4.94 12 8.69 56 61 5.39 5.36 5.29 5.17 5.00 13 8.17 57 62 5.49 5.47 5.38 5.25 5.06 14 7.72 58 63 5.61 5.58 5.48 5.33 5.12 15 7.34 59 64 5.73 5.70 5.59 5.42 5.18 16 7.00 ------------------------------------------------------------------------------------------------------------------- 60 65 5.86 5.82 5.70 5.51 5.24 17 6.70 61 66 6.00 5.96 5.82 5.60 5.31 18 6.44 62 67 6.15 6.10 5.95 5.69 5.37 19 6.21 63 68 6.32 6.26 6.08 5.79 5.43 20 6.00 64 69 6.49 6.42 6.21 5.89 5.48 21 5.81 ------------------------------------------------------------------------------------------------------------------- 65 70 6.68 6.60 6.35 5.98 5.54 22 5.64 66 71 6.88 6.78 6.50 6.08 5.59 23 5.49 67 72 7.09 6.98 6.65 6.18 5.64 24 5.35 68 73 7.31 7.18 6.81 6.28 5.69 25 5.22 69 74 7.56 7.40 6.97 6.37 5.73 26 5.10 ------------------------------------------------------------------------------------------------------------------- 70 75 7.82 7.64 7.14 6.47 5.77 27 4.99 71 76 8.09 7.88 7.31 6.55 5.81 28 4.89 72 77 8.39 8.14 7.48 6.64 5.84 29 4.80 73 78 8.71 8.41 7.65 6.72 5.87 30 4.72 74 79 9.05 8.70 7.83 6.80 5.89 ------------------------------------------------------------------------------------------------------------------- 75 80 9.41 9.00 8.00 6.87 5.91 76 81 9.81 9.32 8.17 6.93 5.93 77 82 10.2...
ANNUITY OPTION TABLES. 13 ------------------------------------------------------------------------------ ML Life Insurance Company of New York is a stock life insurance company. /s/ Nikos K. Kardassis /s/ Lori M. Salvx Xxxxxxxxx Xxxxxxxxx Flexible Premium Deferred Variable Annuity Contract Nonparticipating
