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 5% per year and the 1983a Annuity Mortality Table with the ages set back ten (10) years.
Basis of Computations. The Cash Surrender Value under the Policy is not less than the minimums required as of the Policy date by the state in which your Policy was delivered. A detailed statement of the method of computation of Policy values under the Policy has been filed with the insurance department of the state in which the Policy was delivered, if required. FULL SURRENDERS You may surrender your Policy after the Right to Examine Policy Period or at any time during the lifetime of the Insured and receive the net Cash Surrender Value. We will compute the net Cash Surrender Value as of the next Valuation Date after we receive both your request and the Policy at our Customer Service Center. This Policy will be canceled as of the date we receive your request, and there will be no further benefits under this Policy.
Basis of Computations. [The Cash Surrender Value under the policy is not less than the minimum required as of the policy date by the state in which your policy was delivered. A detailed statement of the method of computation of policy values under the policy has been filed with the insurance department of the state in which the policy was delivered, if required.] FULL SURRENDERS [You may surrender your policy after the Right to Examine Period or at any time during the lifetime of the insured and receive the net Cash Surrender Value. We will compute the Net Cash Surrender Value as of the next Valuation Date after we receive both your request and the policy at our Customer Service Center. This policy will be canceled as of the date we receive your request, and there will be no further benefits under this policy.] If you surrender your policy within the first two policy years but after the Right to Examine Policy Period has ended, the Net Cash Surrender Value will include a refund of a portion of the sales load which was previously deducted from your premiums paid. In the first policy year, the refund is equal to 5% of the premium paid. In the second year, the refund is equal to 2.5% of the premium paid in the first policy year. GRACE PERIOD, TERMINATION AND REINSTATEMENT PROVISIONS GRACE PERIOD If the following three conditions occur on a Monthly Processing Date, the policy will enter into the 61 day grace period:
Basis of Computations. The cash surrender value under the policy is not less than the minimums required as of the policy date by the state in which your policy was delivered. A detailed statement of the method of computation of policy values under the policy has been filed with the insurance department of the state in which the policy was delivered, if required. You may surrender your policy after the right to examine period or at any time before the death of the insured and receive the net cash surrender value. We will compute the net cash surrender value as of the next valuation date after we receive both your request and the policy at our Customer Service Center. This policy will be canceled as of the date we receive your request, and there will be no further benefits under this policy. Once you surrender this policy, it cannot be reinstated.
Basis of Computations. The actuarial basis for the fixed Annuity Option Tables is the Annuity 2000 Mortality Table with the ages set back ten (10) years with interest at an annual rate as shown in the Contract Specifications. 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. Annuity benefits will not be less than those that would have been provided by the application of an amount to purchase any single premium immediate annuity offered by us at the time annuity payments commence to the same class of annuitants. ICC12:10-1225 24 OPTIONS 1 AND 2 LIFE ONLY OR LIFE WITH GUARANTEED PERIOD CERTAIN OF 10 AND 20 YEARS Fixed Annuity Rates Male at 1.50% Female at 1.50% Unisex at 1.50% 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 2.09 2.09 2.08 2.01 2.01 2.00 2.05 2.05 2.04 35 2.20 2.20 2.19 2.10 2.10 2.10 2.15 2.15 2.15 40 2.33 2.33 2.32 2.22 2.22 2.21 2.28 2.27 2.27 45 2.49 2.49 2.47 2.36 2.36 2.35 2.43 2.42 2.41 50 2.69 2.68 2.66 2.53 2.53 2.51 2.61 2.61 2.59 55 2.94 2.93 2.88 2.74 2.73 2.71 2.84 2.83 2.80 60 3.24 3.22 3.14 3.00 2.99 2.95 3.12 3.11 3.05 65 3.63 3.60 3.45 3.34 3.32 3.24 3.49 3.46 3.35 70 4.15 4.07 3.79 3.78 3.74 3.58 3.96 3.91 3.69 75 4.85 4.69 4.14 4.37 4.28 3.96 4.61 4.49 4.05 80 5.82 5.45 4.44 5.19 5.00 4.32 5.50 5.23 4.39 85 7.15 6.32 4.65 6.39 5.91 4.60 6.76 6.12 4.63 90 9.01 7.22 4.76 8.16 6.93 4.75 8.58 7.08 4.75 95 11.61 8.00 4.81 10.79 7.86 4.80 11.20 7.93 4.80 OPTION 3 – JOINT AND 50% SURVIVOR LIFE Primary Annuitant Male Age 60 65 70 75 80 85 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% Fixed Fixed Fixed Fixed Fixed Fixed 60 2.96 3.16 3.39 3.64 3.91 4.20 Female 65 3.03 3.27 3.54 3.84 4.16 4.49 Age 70 3.10 3.37 3.69 4.04 4.43 4.84 75 3.15 3.46 3.82 4.24 4.72 5.23 80 3.18 3.52 3.93 4.43 5.00 5.64 85 3.21 3.57 4.01 4.58 5.26 6.06 Primary Annuitant Unisex Age 60 65 70 75 80 85 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% Fixed Fixed Fixed Fixed Fixed Fixed 60 2.91 3.13 3.36 3.63 3.92 4.23 Unisex 65 2.97 3.22 3.50 3.81 4.15 4.52 Age 70 3.02 3.30 3.62 3.99 4.40 4.85 75 3.06 3.36 3.73 4.16 4.66 5.21 80 3.08 3.41 3.81 4.30 4.89 5.58 85 3.10 3.44 3.87 4.41 5.10 5.93 ICC12:10-1225 25 OPTION 3 – JOINT AND 66 2/3% SURVIVOR LIFE Primary Annuitant Male Age 60 65 70 75 80 85 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% Fixed Fixed Fixed Fixed Fixed Fixed 60 2.87 3.03 3.20 3.36 ...
Basis of Computations. The actuarial basis for the fixed Annuity Option Tables is the [2012 Individual Annuity Mortality Period Life Table with the ages set back ten (10) years] with an annual interest rate of [1.00%]. The rates for Variable Annuity Payments are based on an assumed investment return of [4.00%] per year and the [2012 Individual Annuity Mortality Period Life Table with the ages set back ten (10) years]. 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. Annuity benefits will not be less than those that would have been provided by the application of an amount to purchase any single premium immediate annuity offered by us at the time annuity payments commence to the same class of Annuitants.
Basis of Computations. 27 Guaranteed Maximum Monthly Cost of Insurance Rates.................. 28 Mortality Expense and Risk Charge................................... 30
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 5% per year and the 1983a Annuity Mortality Table with the ages set back ten (10) years. 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. Table of Contents 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 8.12 5.48 95 14.16 8.97 5.51 12.48 8.74 5.50 13.30 8.86 5.51 30 4.38 4.37 4.36 4.29 4.29 4.29 4.34 4.33 4.33 35 4.46 4.46 4.44 4.36 4.35 4.35 4.41 4.41 4.40 40 4.57 4.56 4.54 4.44 4.44 4.42 4.51 4.50 4.49 45 4.71 4.70 4.67 4.55 4.54 4.52 4.63 4.62 4.60 50 4.91 4.89 4.82 4.69 4.68 4.65 4.80 4.78 4.74 55 5.16 5.12 5.02 4.87 4.86 4.81 5.02 4.99 4.92 60 5.48 5.41 5.24 5.12 5.09 5.01 5.30 5.26 5.13 65 5.89 5.79 5.51 5.44 5.40 5.26 5.67 5.60 5.39 70 6.46 6.28 5.80 5.89 5.80 5.55 6.18 6.05 5.68 75 7.27 6.91 6.08 6.51 6.34 5.87 6.89 6.64 5.98 80 8.41 7.68 6.29 7.39 7.05 6.16 7.90 7.38 6.23 85 10.02 8.52 6.43 8.72 7.93 6.37 9.36 8.24 6.40 90 12.29 9.30 6.49 10.71 8.88 6.47 11.49 9.10 6.48 95 15.42 9.90 6.51 13.70 9.68 6.50 14.55 9.80 6.51 Table of Contents Female 60 3.91 5.12 4.13 5.34 4.39 5.60 4.69 5.92 5.02 6.30 5.38 6.73 Age 65 3.99 5.19 4.25 5.43 4.54 5.73 4.88 6.09 5.26 6.51 5.67 6.98 70 4.06 5.25 4.36 5.53 4.70 5.87 5.10 6.27 5.55 6.75 6.03 7.29 75 4.12 5.31 4.46 5.62 4.85 6.00 5.32 6.47 5.86 7.03 6.45 7.66 80 4.17 5.36 4.54 5.70 4.98 6.13 5.54 6.67 6.18 7.33 6.91 8.08 85 4.21 5.40 4.60 5.77 5.09 6.24 5.72 6.86 6.49 7.63 7.40 8.54 Female 60 3.80 5.01 3.97 5.18 4.16 5.36 4.35 5.58 4.55 5.81 4.76 6.06 Age 65 3.90 5.10 4.12 5.30 4.34 5.52 4.58 5.77 4.83 6.05 5.07 6.34 70 4.00 5.18 4.25 5.42 4.53 5.69 4.84 6.00 5.15 6.33 5.46 6.68 75 4.08 5.26 4.38 5.54 4.72 5.87 5.11 ...
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. 30 3.04 3.03 3.03 2.93 2.93 2.93 35 3.14 3.14 3.13 3.02 3.02 3.01 40 3.28 3.27 3.26 3.13 3.12 3.12 45 3.44 3.44 3.41 3.26 3.26 3.24 50 3.66 3.64 3.60 3.42 3.42 3.40 55 3.93 3.90 3.82 3.63 3.63 3.59 60 4.27 4.22 4.08 3.90 3.89 3.82 65 4.70 4.62 4.39 4.25 4.22 4.11 70 5.28 5.14 4.71 4.72 4.66 4.44 75 6.10 5.81 5.02 5.35 5.22 4.79 80 7.23 6.61 5.27 6.25 5.96 5.12 85 8.82 7.49 5.42 7.56 6.89 5.35 90 11.06 8.33 5.49 9.53 7.89 5.47 95 14.16 8.97 5.51 12.48 8.74 5.50 30 3.69 3.69 3.68 3.60 3.59 3.59 35 3.79 3.78 3.77 3.67 3.67 3.66 40 3.91 3.90 3.88 3.77 3.76 3.75 45 4.06 4.06 4.02 3.89 3.88 3.87 50 4.27 4.25 4.20 4.04 4.03 4.01 55 4.53 4.50 4.40 4.24 4.23 4.18 60 4.86 4.81 4.65 4.50 4.47 4.40 65 5.29 5.20 4.94 4.84 4.86 4.67 70 5.86 5.70 5.24 5.29 5.22 4.98 75 6.68 6.35 5.54 5.92 5.77 5.32 80 7.82 7.14 5.77 6.81 6.50 5.63 85 9.41 8.00 5.91 8.14 7.40 5.85 90 11.68 8.81 5.98 10.12 8.38 5.96 95 14.79 9.43 6.00 13.08 9.21 6.00
Basis of Computations. The actuarial basis for the Annuity Option Tables is the 2012 Individual Annuity Mortality Period Life Table with the ages set back ten (10) years with interest as shown in the Contract Specifications. 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. Annuity benefits will not be less than those that would have been provided by the Application of an amount to purchase any single premium immediate annuity offered by us at the time annuity payments commence to the same class of Annuitants.
