Nonforfeiture Values. 9 Participation......................................................... 9 Statements............................................................ 9
Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Payout Values will at least equal the minimum required by law. PARTICIPATION The Company is a mutual life insurance company. Therefore, it pays dividends on some of its contracts. However, the Company does not expect dividends to become payable on this Contract. At the end of each Contract Year the Company will determine the Contract's dividend, if any. The Owner may choose to have it: (1) added to the Contract Value; or (2) paid in cash. If no choice is made, any dividend will be added to the Contract Value.
Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Payout Values will at least equal the minimum required by law. This Contract is not participating and will pay no dividend.
Nonforfeiture Values. 8 PARTICIPATION ......................................................
Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Payout Values will at least equal the minimum required by law. PARTICIPATION The Company pays dividends on some of its contracts. However, the Company does not expect dividends to become payable on this Contract. At the end of each Contract Year the Company will determine the Contract's dividend, if any. The Owner may choose to have it: (1) added to Contract Value; or (2) paid in cash. If no choice is made, any dividend will be added to Contract Value. V6023D (1-98) -8- BP 602341 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) --------------------------------------------------------------------------------
Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Start Values will at least equal the minimum required by law. V 6020 D (R10-97) -8- BP 602AS1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- PARTICIPATION The Company is a mutual life insurance company. Therefore, it pays dividends on some of its contracts. The Company does not expect dividends to become payable on this Contract. At the end of each Contract Year the Company will determine the Contract's dividend, if any. The Owner may choose to have it: (1) added to the Contract Value, or (2) paid in cash. If no choice is made, any dividend will be added to the Contract Value.
Nonforfeiture Values. The nonforfeiture values for this contract are calculated by accumulating 87.5% of all premiums, less all withdrawals, at the nonforfeiture interest rate of [1.10%]. The minimum contract values provided under this Contract meet or exceed the required minimum nonforfeiture values. Initial Premium: [0.00] Initial Interest Rate: [1.50%] Initial Interest Rate Guarantee Period: 1st Contract Year Minimum Guaranteed Interest Rate (FV-MGIR): 1.00% FV-MGIR Guarantee Period: Life of Contract Cap Rate Guarantee Period: One Contract Year Index: [Standard & Poor’s 500 Composite Stock Price Index] Initial Premium: [$10,000] Index on Contract Date: [800] Initial Cap Rate: [7%] Guaranteed Minimum Cap Rate: 4% Index: [Standard & Poor’s 500 Composite Stock Price Index] Initial Premium: [$10,000] Index on Contract Date: [800] MPT Monthly Cap Rate: [3%] MPT Guaranteed Minimum Monthly Cap Rate: 1% Index Credits may not be reflected in Your Cash Surrender Value due to the calculation of the Minimum Guaranteed Surrender Value described on Page 10. Note: You may check current indices in the Wall Street Journal, in Xxxxxx’x, on the Internet, or with Your financial advisor. Index linked returns do not include the portion of returns generated by the underlying Index that comes from dividends. We can change Cap Rates once each Contract Year, subject to guaranteed minimums shown, and based on future anticipated experience.
Nonforfeiture Values. The nonforfeiture values for this contract are calculated by accumulating 87.5% of all premiums, less all withdrawals, at the nonforfeiture interest rate of [1.10%]. The minimum contract values provided under this Contract meet or exceed the required minimum nonforfeiture values.
Nonforfeiture Values. On the Income Date, the Contract will provide for a paid-up annuity benefit. Upon surrender of the contract on or before the Income Date, we will pay the Cash Surrender Value in lieu of a paid-up annuity benefit. The reserves and guaranteed values will at no time be less than the minimum required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities, model #805.
Nonforfeiture Values. Unless this rider is in force as Paid-Up Term Insurance, this rider does not have a Cash Surrender Value. This rider does not have a loan value. Paid-Up Term Insurance On Death Of Insured If the Insured dies while this rider is in force, the term insurance on each Insured Child will become fully paid-up. Insurance coverage provided by the paid-up term insurance on each Insured Child expires upon the Insured Child's 22nd birthday. The paid-up term insurance may be surrendered for its Cash Value while an Insured Child is living. The Cash Value will be equal to the net single premium for this insurance on the date of surrender. A Cash Value within 30 days after a Policy Anniversary will not be less than the Cash Value on that Policy Anniversary. Net single premiums are based on the Commissioners' 2001 Standard Ordinary Mortality Table with interest at 4% per year and continuous functions. A table of cash values will be furnished by us upon request.
