Annuity 2000 Mortality Table definition

Annuity 2000 Mortality Table means those male and female mortality tables adopted for the valuation of individual annuity and pure endowment contracts in December of 1996 by the NAIC as published on page 240, vol. XLVII, transactions, society of actuaries, 1995.
View Source
Annuity 2000 Mortality Table means that mortality table developed by the Society of Actuaries Committee on Life Insurance Research and shown on page 240 of Volume XLVII of the Transactions of the Society of Actuaries (1995).
View Source
Annuity 2000 Mortality Table means that mortality table developed by the Society of Actuaries Committee on Life Insurance Research and adopted as a recognized mortality table for annuities in December 1996 by the National Association of Insurance Commissioners.
View Source

Examples of Annuity 2000 Mortality Table in a sentence

  • The minimum rates for Options 2 and 3 are based on 3% interest, compounded annually, and the Annuity 2000 Mortality Table.

  • Monthly payment rates for Life Income Plans are based on 2.50% and Annuity 2000 Mortality Table with 125% of Projection Scale G.

  • The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 1.00% and the Annuity 2000 Mortality Table with the ages set back ten (10) years.

  • The actuarial basis for the Table of Income Options is the Annuity 2000 Mortality Table, with an assumed net investment rate of 2.50%.

  • The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 1.50% and the Annuity 2000 Mortality Table with the ages set back ten (10) years.

  • The purchase rates for any options guaranteed to be available will be determined on a basis not less favorable than 3.0% minimum interest and the applicable Annuity 2000 Mortality Table with Scale G, assuming annuitization in the year 2000, and the following age adjustments.

  • The actuarial basis for the Table of Income Options is the Annuity 2000 Mortality Table, with an assumed net investment rate of 1% and a 0% expense load.

  • The Annuity Payout Option Tables are based on the Annuity 2000 Mortality Table.

  • When we computed the amounts we show in the Option 2 Table, we adjusted the Annuity 2000 Mortality Table to an age last birthday basis, less two years, and we used an interest rate of 3% per year.

  • The agreement not to ▇▇▇ under this paragraph shall extend to third parties to the extent that the activities of such third parties are exercising a Have Made Right for SO or its Affiliates.


More Definitions of Annuity 2000 Mortality Table

Annuity 2000 Mortality Table means that mortality table developed by the Society of Actuaries Committee on Life Insurance Research. The Annuity 2000 Mortality Table is included in the report on pages 211-249 of Volume XLVII of the Transactions of the Society of Actuaries (1995).
View Source
Annuity 2000 Mortality Table means that mortality table developed by the Society of Actuaries Committee on Life Insurance Research.
View Source
Annuity 2000 Mortality Table means that mortality table developed by the Society of Actuaries Committee on Life Insurance Research and shown on page 240 of Volume XLVII of the Transactions of the Society of Actuaries (1995). The Annuity 2000 Mortality Table was adopted as a recognized mortality table for annuities in December 1996 by the National Association of Insurance Commissioners.
View Source
Annuity 2000 Mortality Table means that mortality table developed by the Society of Actuaries Committee on Life Insurance Research and shown on page 240of Volume XLVII of the Transactions of the Society of Actuaries (1995). The Department adopted the use of this table by bulletin in 1999.
View Source
Annuity 2000 Mortality Table means that mortality table developed by the Society of
View Source
Annuity 2000 Mortality Table means the mortality table developed by the Society of Actuaries Committee on Life Insurance Research and adopted as a recognized mortality table for annuities in December 1996 by the National Association of Insurance Commissioners (NAIC), as published in the Transactions of the Society of Actuaries, Vol. XLVII, p. 240.
View Source

Related to Annuity 2000 Mortality Table

  • 2001 CSO Mortality Table means that mortality table, consisting of separate rates of mortality for male and female lives, developed by the American Academy of Actuaries CSO Task Force from the valuation basic mortality table developed by the Society of Actuaries Individual Life Insurance Valuation Mortal- ity Task Force, and adopted by the NAIC in December 2002. The 2001 CSO mortality table is included in the Proceedings of the NAIC (2nd Quarter 2002) and is supplemented by the 2001 CSO preferred class structure mortality table and may be obtained from the office. Unless the context indicates otherwise, the “2001 CSO mortality table” includes both the ultimate form of that table and the select and ultimate form of that table and includes both the smoker and nonsmoker mortality tables and the composite mor- tality tables. It also includes both the age−nearest−birthday and age−last−birthday bases of the mortality tables.

  • Composite mortality tables means mortality tables with rates of mortality that do not distinguish between smokers and nonsmokers.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Single Life Annuity means an annuity payable for the life of a Participant.