Joint Owner Issue Age definition
Joint Owner Issue Age. [N/A] Annuitant: [▇▇▇▇ ▇▇▇] Annuitant Issue Age: [45] Joint Annuitant: [No Joint Annuitant] Joint Annuitant Issue Age: [N/A] Issue Date: [May 1, 2024] Issue State: NY Premium Amount: [$25,000] Income Date: [May 1, 2074] Primary Beneficiary(ies): [▇▇▇▇▇ ▇▇▇] Contingent Beneficiary(ies): [▇▇▇▇ ▇▇▇]
Joint Owner Issue Age. [N/A] Annuitant: [▇▇▇▇ ▇▇▇] Annuitant Issue Age: [81] Joint Annuitant: [No Joint Annuitant] Joint Annuitant Issue Age: [N/A] Issue Date: [April 1, 2025] Issue State: [MI] Premium Amount: [$25,000] Income Date: [April 1, 2039] Primary Beneficiary(ies): [▇▇▇▇▇ ▇▇▇] Contingent Beneficiary(ies): [▇▇▇▇ ▇▇▇] ICC24 RILA307-FB1 3b CONTRACT DATA PAGES (CONT'D) FIXED ACCOUNT INFORMATION: Fixed Account Minimum Interest Rate (FAMIR): [3.00%] Fixed Account Minimum Value Percentage: [87.50%] INTEREST RATE FOR ADJUSTMENTS DUE TO MISSTATEMENT OF AGE OR SEX: [1.00%] WITHDRAWALS: Maximum Annual Advisory Fee Withdrawal Percentage: [1.50%] Minimum partial withdrawal amount unless as a scheduled part of an automatic withdrawal program: [$500] Minimum partial withdrawal amount as a scheduled part of an automatic withdrawal program: [$50] Minimum Contract Value remaining after a partial withdrawal: [$2,000] MVA Free Withdrawal Percentage: [10%] PREMIUM: This is a single Premium Contract. The Company may waive minimum and maximum Premium at any time, on a non-discriminatory basis. Minimum Premium: [$25,000] Maximum Premium under a Contract: [$1,000,000] SEPARATE ACCOUNT: [▇▇▇▇▇▇▇ National RILA Separate Account I] ICC24 RILA307-FB1 3c CONTRACT DATA PAGES (CONT'D) MARKET VALUE ADJUSTMENT (MVA): An MVA is a positive or negative adjustment the Company applies to amounts You remove from Your Contract due to withdrawals or annuitizations during the MVA Period. In the event of a total withdrawal, any applicable MVA is applied to the Contract Value, less any MVA Free Withdrawal amount available at the time of the total withdrawal. MVA Period: The first [six (6)] Contract Years. The MVA reflects the movement in the MVA Reference Rate since the Issue Date. The MVA may: 1. reduce the value of the amount paid or annuitized if the MVA Reference Rate on the date You remove Contract Value from Your Contract is greater than the MVA Reference Rate on the Issue Date of Your Contract; or 2. increase the value of the amount paid or annuitized if the MVA Reference Rate on the date You remove Contract Value from Your Contract is less than the MVA Reference Rate on the Issue Date of Your Contract. The Company applies the same MVA formula regardless of whether the formula results in an increase or decrease to amounts You remove from Your Contract. MVA formula. The Company calculates the MVA by multiplying the amount You withdraw that is subject to MVA less any applicable charges by the result of the for...
Joint Owner Issue Age. [N/A] Annuitant: [▇▇▇▇ ▇▇▇] Annuitant Issue Age: [45] Joint Annuitant: [No Joint Annuitant] Joint Annuitant Issue Age: [N/A] Issue Date: [April 1, 2025] Issue State: NY Premium Amount: [$25,000] Income Date: [April 1, 2075] Primary Beneficiary(ies): [▇▇▇▇▇ ▇▇▇] Contingent Beneficiary(ies): [▇▇▇▇ ▇▇▇] RILA305NY-FB1 3c CONTRACT DATA PAGES (CONT'D) TABLE OF INCOME OPTIONS The following table shows income values for each $1,000 of net proceeds applied to the Income Option. UNDER OPTION 4 MONTHLY INSTALLMENTS UNDER OPTIONS 1 OR 3 No. of Monthly Install- ments Monthly Install- ments Age of Annui- tant No. of Mos. Certain Age of Annui- tant No. of Mos. Certain Age of Annui- tant No. of Mos. Certain Age of Annui- tant No. of Mos. Certain Male Life 120 240 Male Life 120 240 Female Life 120 240 Female Life 120 240 60 17.09 40 2.33 2.32 2.31 68 4.72 4.57 4.02 40 2.22 2.22 2.21 68 4.36 4.26 3.86 72 14.31 41 2.37 2.36 2.35 69 4.90 4.72 4.09 41 2.26 2.26 2.25 69 4.52 4.40 3.94 84 12.33 42 2.41 2.41 2.39 70 5.09 4.89 4.16 42 2.30 2.30 2.29 70 4.69 4.55 4.02 96 10.84 43 2.45 2.45 2.43 71 5.31 5.06 4.23 43 2.34 2.34 2.32 71 4.87 4.70 4.09 108 9.68 44 2.50 2.50 2.47 72 5.54 5.24 4.29 44 2.38 2.38 2.36 72 5.06 4.87 4.16 120 8.76 45 2.55 2.54 2.52 73 5.79 5.43 4.34 45 2.42 2.42 2.40 73 5.28 5.04 4.22 132 8.00 46 2.60 2.59 2.56 74 6.06 5.63 4.39 46 2.47 2.47 2.45 74 5.51 5.23 4.28 144 7.37 47 2.65 2.64 2.61 75 6.35 5.83 4.43 47 2.52 2.51 2.49 75 5.76 5.42 4.34 156 6.84 48 2.71 2.70 2.66 76 6.67 6.04 4.47 48 2.57 2.56 2.54 76 6.03 5.62 4.38 168 6.38 49 2.77 2.76 2.71 77 7.02 6.26 4.50 49 2.62 2.61 2.59 77 6.33 5.83 4.43 180 5.98 50 2.83 2.82 2.76 78 7.40 6.48 4.52 50 2.67 2.67 2.64 78 6.65 6.04 4.46 192 5.64 51 2.89 2.88 2.82 79 7.81 6.70 4.54 51 2.73 2.72 2.69 79 7.01 6.26 4.49 204 5.33 52 2.96 2.94 2.88 80 8.27 6.92 4.56 52 2.79 2.78 2.74 80 7.40 6.48 4.52 216 5.06 53 3.03 3.01 2.94 81 8.76 7.13 4.57 53 2.85 2.84 2.80 81 7.83 6.70 4.54 228 4.82 54 3.10 3.08 3.00 82 9.30 7.34 4.58 54 2.92 2.91 2.85 82 8.29 6.92 4.56 240 4.60 55 3.18 3.16 3.06 83 9.89 7.53 4.58 55 2.99 2.98 2.91 83 8.80 7.13 4.57 252 4.40 56 3.26 3.23 3.13 84 10.54 7.72 4.59 56 3.07 3.05 2.98 84 9.35 7.33 4.58 264 4.22 57 3.35 3.32 3.19 85 11.26 7.88 4.59 57 3.14 3.12 3.04 85 9.95 7.52 4.58 276 4.06 58 3.44 3.40 3.26 86 12.05 8.03 4.59 58 3.23 3.20 3.11 86 10.59 7.70 4.59 288 3.90 59 3.54 3.49 3.34 87 12.91 8.17 4.59 59 3.31 3.29 3.18 87 11.28 7.87 4.59 300 3.77 60 3.64 3.59 3.41 88 13.86 8.28 4.60 60 3.40 3.37...
More Definitions of Joint Owner Issue Age
Joint Owner Issue Age. [35] Annuitant: [▇▇▇▇ ▇▇▇] Annuitant Issue Age: [35] Joint Annuitant: [▇▇▇▇ ▇▇▇] Joint Annuitant Issue Age: [35] Initial Premium: [$25,000] Issue Date: [September 1, 2019] Issue State: [Michigan] Income Date: [September 1, 2079] Primary Beneficiary(ies): [▇▇▇▇▇ ▇▇▇] Contingent Beneficiary(ies): [▇▇▇▇ ▇▇▇] ICC18 VA775-RLC 3a
Joint Owner Issue Age. [35] Annuitant: [▇▇▇▇ ▇▇▇] Annuitant Issue Age: [35] Joint Annuitant: [▇▇▇▇ ▇▇▇] Joint Annuitant Issue Age: [35] Initial Premium: [$50,000] Issue Date: [July 1, 2021] Issue State: NY Income Date: [July 1, 2081] Primary Beneficiary(ies): [▇▇▇▇▇ ▇▇▇] Contingent Beneficiary(ies): [▇▇▇▇ ▇▇▇] VA730NY-FB1 3b CONTRACT DATA PAGES (CONT'D) FIXED ACCOUNT, INTEREST RATE AND CONTRACT CHARGE INFORMATION: Initial Fixed Account Minimum Interest Rate (FAMIR): [1.00%] The Company will re-determine the FAMIR each January on the Redetermination Date. The FAMIR is the guaranteed minimum interest rate under the Contract and may change each year on the Redetermination Date. [The FAMIR on each Redetermination Date will be equal to: 1. the average of all the daily reported five-year Constant Maturity Treasury Rates during October of the year then ended, rounded to the nearest 1/20th of one (1) percent; 2. less 1.25 percentage points; 3. but never less than 1.00% or greater than 3.00%] Initial Base Interest Rate: [X.XX% for the 1-Year Fixed Account Option Period X.XX% for the 3-Year Fixed Account Option Period X.XX% for the 5-Year Fixed Account Option Period X.XX% for the 7-Year Fixed Account Option Period] Initial Current Interest Rate: [X.XX% for the 1-Year Fixed Account Option Period X.XX% for the 3-Year Fixed Account Option Period X.XX% for the 5-Year Fixed Account Option Period X.XX% for the 7-Year Fixed Account Option Period] Initial Current DCA+ Interest Rate: [6-month [X.XX%] [NOT CURRENTLY AVAILABLE] [12-month [X.XX%] [NOT CURRENTLY AVAILABLE] ONE OR BOTH OF THE DCA+ FIXED ACCOUNT OPTIONS MAY NOT BE AVAILABLE ON THE ISSUE DATE. AVAILABILITY IS INDICATED ABOVE. Maximum DCA+ Rate: [8.00%] over the net investment earnings rate. Interest Rate for Adjustments Due to Misstatement of Age or Sex: [1.00%] Annual Contract Maintenance Charge: [$30] The Company will deduct the Annual Contract Maintenance Charge from the Contract Value on each Contract Anniversary that occurs on or before the Income Date or when You withdraw the Contract Value in full on a date other than a Contract Anniversary. The Company will only deduct the Annual Contract Maintenance Charge from Contracts with a Contract Value less than [$50,000]. Core Contract Charge: [0.4000%] The Core Contract Charge is expressed as an annual percentage of the average daily Separate Account Contract Value. The Company will reduce the Core Contract Charge to [0.3500%] if the Contract Value on the later of the Issue Date or the ...
Joint Owner Issue Age. [35] Annuitant: [▇▇▇▇ ▇▇▇] Annuitant Issue Age: [35] Joint Annuitant: [▇▇▇▇ ▇▇▇] Joint Annuitant Issue Age: [35] Initial Premium: [$25,000] Issue Date: [February 1, 2019] Issue State: [Michigan] Income Date: [February 1, 2079] Primary Beneficiary(ies): [▇▇▇▇▇ ▇▇▇] Contingent Beneficiary(ies): [▇▇▇▇ ▇▇▇] ICC18 VA785-FB1 3a CONTRACT DATA PAGES (CONT'D) CONTRACT CHARGES: Monthly Contract Charge: [$20] A monthly charge will be deducted on a pro-rata basis from the Investment Division(s) on each Contract Monthly Anniversary. Transfer Charge: [$25] The Company allows [25] free transfers between Investment Divisions in a Contract Year. The Company charges a fee for each transfer You make in excess of the [25] free transfers in any Contract Year. The Company deducts Transfer Charges from the amount You seek to transfer before allocation to the new Investment Division. The Company does not assess Transfer Charges on transfers under any of the Company's systematic investment programs, and the Company does not count those transfers against the [25] free transfers allowed in a Contract Year. Free transfers not utilized during a given Contract Year cannot be carried forward to subsequent Contract Years. Interest Rate for Adjustments Due to Misstatement of Age or Sex: [1.00%] WITHDRAWALS: Minimum partial withdrawal amount unless as a scheduled part of a systematic withdrawal program: [$500] Minimum partial withdrawal amount as a scheduled part of a systematic withdrawal program: [$50] Minimum Contract Value remaining after a partial withdrawal: [$2,000] TRANSFERS: Transfer among Investment Divisions. At any time, You may transfer all or a portion of Your Contract Value in any Investment Division to any available Investment Division(s). Transfer Effective Date: Transfers You request will be effective as of the end of the Business Day upon which the Company receives Your transfer request in Good Order at the Company's Service Center. Additional details on transfer restrictions are outlined in the Transfer of Funds Restrictions section of the General Provisions. ICC18 VA785-FB1 3b
Joint Owner Issue Age. [N/A] Annuitant: [▇▇▇▇ ▇▇▇] Annuitant Issue Age: [45] Joint Annuitant: [No Joint Annuitant] Joint Annuitant Issue Age: [N/A] Issue Date: [June 1, 2023] Issue State: [MI] Premium Amount: [$25,000] Income Date: [June 1, 2073] Primary Beneficiary(ies): [▇▇▇▇▇ ▇▇▇] Contingent Beneficiary(ies): [▇▇▇▇ ▇▇▇] RILA295-FB1 3c CONTRACT DATA PAGES (CONT'D) MARKET VALUE ADJUSTMENT (MVA): An MVA is a positive or negative adjustment the Company applies to amounts You remove from Your Contract due to withdrawals or annuitizations during the MVA Period. In the event of a total withdrawal, any applicable MVA is applied to the Contract Value, less any MVA Free Withdrawal amount available at the time of the total withdrawal. MVA Period: The first [six (6)] Contract Years. The MVA reflects the movement in the MVA Reference Rate since the Issue Date. The MVA may: 1. reduce the value of the amount paid or annuitized if the MVA Reference Rate on the date You remove Contract Value from Your Contract is greater than the MVA Reference Rate on the Issue Date of Your Contract; or 2. increase the value of the amount paid or annuitized if the MVA Reference Rate on the date You remove Contract Value from Your Contract is less than the MVA Reference Rate on the Issue Date of Your Contract. The Company applies the same MVA formula regardless of whether the formula results in an increase or decrease to amounts You remove from Your Contract. MVA formula. The Company calculates the MVA by multiplying the amount You withdraw that is subject to MVA less any applicable charges by the result of the formula below: where: I is the MVA Reference Rate on the Issue Date J is the MVA Reference Rate on the date of withdrawal or annuitization m is the number of complete months remaining from the date of the removal to the end of the MVA Period. -1 [1+ I ] (m/12) [1+ J ] (m/12)
Joint Owner Issue Age. [35] Annuitant: [▇▇▇▇ ▇▇▇] Annuitant Issue Age: [35] Joint Annuitant: [▇▇▇▇ ▇▇▇] Joint Annuitant Issue Age: [35] Initial Premium: [$25,000] Issue Date: [January 1, 2017] Issue State: [Michigan] Income Date: [January 1, 2077] Beneficiary(ies): [▇▇▇▇▇ ▇▇▇] ICC16 VA780-FB1 3c CONTRACT DATA PAGES (CONT'D) Transfer/Transfer Charge: Prior to and after the Income Date, You may transfer all or a portion of Your Separate Account Contract Value in one (1) Investment Division to any available Investment Divisions. A fee of [$25.00] is charged for each transfer in excess of [15] in any Contract Year. Any Transfer Charge is deducted from the amount transferred prior to the allocation to the new Investment Division. Transfer Charges will not be applied to transfers due to dollar cost averaging or other systematic investment programs provided by the Company, nor will these transfers count against the [15] free transfers allowed in a Contract Year. Transfers not exercised during a given Contract Year are not accumulated and used in subsequent Contract Years. A transfer will be effective as of the end of the Business Day when the Company receives a transfer request in Good Order. If a transfer request is received but is not in Good Order, the transfer will be effective as of the end of the Business Day on which the request is put in Good Order. Asset allocation service providers must comply with the Company's administrative systems, rules, and procedures. The Company will not be liable for a transfer made in accordance with the Owner's instructions. Premium(s): Premiums are flexible. This means that the Owner may change the amounts, frequency or timing of Premiums, subject to the minimum and maximum Premium amounts and the Company's reserved rights specified below. The initial Premium must be at least [$25,000] for Non-Qualified Plan Contracts and [$25,000] for Qualified Plan Contracts. Subsequent Premiums must be at least [$500] ([$50] if made in connection with an automatic payment plan). Total Premiums under a Contract may not exceed [$2,500,000], or such lesser amount established by the Company pursuant to the reserved rights specified below. The Company may waive the minimums or maximums at any time on a nondiscriminatory basis. The Company reserves the right to limit, restrict, suspend or reject any or all subsequent Premium payments and to limit the amount, frequency or timing of Premium payments at any time on a nondiscriminatory basis. Written Notice will be sent ...
Joint Owner Issue Age. [35] Annuitant: [▇▇▇▇ ▇▇▇] Annuitant Issue Age: [35] Joint or Contingent Annuitant: [▇▇▇▇ ▇▇▇] Joint or Contingent Annuitant Issue Age: [35] Initial Premium: [$2,000] Issue Date: [February 1, 2010] Issue State: [Any State] Income Date: [February 1, 2070] Initial Fixed Account Minimum Interest Rate: [1.10%] The Fixed Account Minimum Interest Rate will be redetermined on each Redetermination Date, as described under the Accumulation Provisions. Beneficiary(ies): [▇▇▇▇▇ ▇▇▇] VA630 3a Mortality and Expense On an annual basis, this charge equals [1.00%] of the daily Charge: net asset value of the Investment Divisions.
Joint Owner Issue Age. [35] Annuitant: [▇▇▇▇ ▇▇▇] Annuitant Issue Age: [35] Joint or Contingent Annuitant: [▇▇▇▇ ▇▇▇] Joint or Contingent Annuitant Issue Age: [35] Initial Premium: [$25,000] Issue Date: [September 1, 2016] Issue State: New York Income Date: [September 1, 2076] Initial Fixed Account Minimum Interest Rate: [1.00%] The Fixed Account Minimum Interest Rate will be redetermined on each Redetermination Date, as described under the Accumulation Provisions (Page 16). Initial Base Interest Rate: [1.00% for the 1-Year Fixed Option Period 1.00% for the 3-Year Fixed Option Period 1.00% for the 5-Year Fixed Option Period 1.00% for the 7-Year Fixed Option Period] Initial Current Interest Rate: [1.00% for the 1-Year Fixed Option Period 1.00% for the 3-Year Fixed Option Period 1.00% for the 5-Year Fixed Option Period 1.00% for the 7-Year Fixed Option Period] Initial Current DCA+ Interest Rate: 6-month [X.XX%] [NOT CURRENTLY AVAILABLE] 12-month [X.XX%] [NOT CURRENTLY AVAILABLE] ONE OR BOTH OF THE DCA+ FIXED ACCOUNT OPTIONS MAY NOT BE AVAILABLE ON THE ISSUE DATE. AVAILABILITY IS INDICATED ABOVE. Maximum DCA+ Rate: [8.00%] over the net investment earnings rate. Beneficiary(ies): [▇▇▇▇▇ ▇▇▇]