Fees for Wholesaling and Relationship Management. 8. The Reinsurer shall pay the Reinsured a fee equal to the following factors times the Reinsurer’s quota share of the average quarterly account value to defer Reinsured’s cost of retaining guaranteed minimum death benefits. The factors vary by the annuitant’s issue age and the type of GMDB benefit. Issue Age ROP* Factor Step-up Factor 5% Growth Factor 65 and younger .00015 .0003 .000375 66 and older .00050 .0008 .000950 *ROP = return of premium Schedule J
Appears in 3 contracts
Samples: Reinsurance Agreement (Separate Account Va X), Reinsurance Agreement (Retirement Builder Variable Annuity Account), Reinsurance Agreement (Separate Account Va B)
Fees for Wholesaling and Relationship Management. 8. The Reinsurer shall pay the Reinsured Reinsurer a fee equal to the following factors times the Reinsurer’s quota share of the average quarterly account value to defer Reinsured’s cost costs of retaining guaranteed minimum death benefits. The factors vary by the annuitant’s issue age and the type of GMDB benefitbenefits. Issue Age ROP* Factor Step-up Factor 5% Growth Factor 65 and younger .00015 .0003 .000375 66 and older .00050 .0008 .000950 ** ROP = return of premium Schedule JPart III
Appears in 3 contracts
Samples: Reinsurance Agreement (Separate Account Va B), Reinsurance Agreement (Separate Account Va C), Reinsurance Agreement (Separate Account Va X)
Fees for Wholesaling and Relationship Management. 8. The Reinsurer shall pay the Reinsured Reinsurer a fee equal to the following factors times the Reinsurer’s quota share of the average quarterly account value to defer Reinsured’s cost costs of retaining guaranteed minimum death benefits. The factors vary by the annuitant’s issue age and the type of GMDB benefitbenefits. Issue Age ROP* Factor Step-up Up Factor 5% Growth Factor 65 and younger .00015 .0003 .000375 66 and older .00050 .0008 .000950 ** ROP = return of premium Schedule JPart III
Appears in 1 contract
Fees for Wholesaling and Relationship Management. 8. The Reinsurer shall pay the Reinsured a fee equal to the following factors times the Reinsurer’s quota share of the average quarterly account value to defer Reinsured’s cost of retaining guaranteed minimum death benefits. The factors vary by the annuitant’s issue age and the type of GMDB benefit. Issue Age ROP* Factor Step-up Up Factor 5% Growth Factor 65 and younger .00015 .0003 .000375 66 and older .00050 .0008 .000950 ** ROP = return of premium Schedule J
Appears in 1 contract
