Miscellaneous liabilities Clause Samples

Miscellaneous liabilities. The vast majority of the Closed Block funding is calculated based on detailed cell based models using the assumptions described above. Alternative methods of funding were developed for other smaller Closed Block liabilities and are summarized below. Aggregate Simplified Models Simplified single cell models were developed to calculate Closed Block funding for Disability Waiver of Premium (DW), Accidental Death Benefit (ADB), Guaranteed Insurability Rider (GIR), and Substandard Reserve. For each of these, recent data was used to develop high level assumptions to estimate insurance cash flows, including the runoff of existing reserve balances. For GIR, since all new policies issued after the Plan Effective Date as a result of an election of this option will be administered outside the Closed Block, the only assumed cash flows from this rider in the Closed Block were the collection of rider premiums and the payment of related taxes. For substandard rated business, which is relatively small compared to the preferred and standard underwriting classes of MetLife US Traditional life business, the cell-based projections include substandard business as if it were standard underwriting. To incorporate the additional premiums and death benefits over standard business anticipated from the substandard inforce, an aggregate single cell model was developed.

Miscellaneous liabilities. All liabilities identified on the Schedule attached hereto entitled "Miscellaneous Liabilities," which includes accrued expenses of the Business that would be current liabilities under GAAP that are not due and payable until after the Closing Date.