Mortality Risk Charge definition

Mortality Risk Charge. We deduct a mortality risk charge equal, on an annual basis, to the amount shown on the Contract Schedule.
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Mortality Risk Charge. EXPENSE RISK CHARGE: [1.02%] [0.35%]
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Mortality Risk Charge. On an annual basis this charge, as shown on the Contract Data Page, equals a percentage of the average daily ending value of the assets attributable to the Accumulation Units of the Subaccounts to which the Contract is allocated. We subtract this charge daily. This charge is to compensate Us for assuming the mortality risks under the Contract. TRANSFER PROVISION Prior to the Annuity Date, You may transfer all or part of Your Contract Value to any of the Subaccounts or Fixed Account Options. We reserve the right to charge a fee for transfers if the number of transfers exceeds the limit specified by Us. The minimum amount that can be transferred and the amount that can remain in a Subaccount or Fixed Account Option are subject to Company limits. TRANSFERS OF ACCUMULATION AND ANNUITY UNITS BETWEEN SUBACCOUNTS Prior to the Annuity Date, You may transfer all or a portion of Your Contract Value from one Subaccount to another Subaccount. A transfer will result in the purchase of Accumulation Units in a Subaccount and the redemption of Accumulation Units in the other Subaccount. Transfers will be effected at the end of the NYSE business day in which We receive Your completed request for the transfer. After the Annuity Date, You may transfer all or a portion of Your Contract Value from one Subaccount to another Subaccount. A transfer will result in the purchase of Annuity Units in a Subaccount and the redemption of Annuity Units in the other Subaccount. Transfers will be effected at the end of the NYSE business day in which We receive Your completed request for the transfer. The minimum amount that can be transferred between Subaccounts and the amount that can remain in the Subaccount are subject to Company limits. TRANSFERS OF ACCUMULATION UNITS TO AND FROM THE FIXED ACCOUNT Prior to the Annuity Date, You may transfer all or any part of Your Contract Value from the Subaccount(s) to any Fixed Account Option(s) or from the Fixed Account Option(s) to the Subaccount(s) of the Contract. After the Annuity Date, transfers into or out of the Fixed Account Options are not allowed.
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Examples of Mortality Risk Charge in a sentence

  • The Mortality Risk Charge pays us for assuming the mortality risk under this contract.

  • MORTALITY RISK CHARGE The Mortality Risk Charge pays us for assuming the mortality risk under this contract.

  • This presupposes sufficient knowledge of the model concept, particularly with regard to material assumptions and parameters as well as input data.

  • Mortality Risk Charge - We deduct a mortality risk charge equal, on an annual basis, to the amount shown on the Contract Schedule.

  • These fees run from a low of about 0.25 percent to a high of about 1 percent• Administration Expense and Mortality Risk Charge.

  • Mortality Risk Charge: On an annual basis, this charge equals 1.02% of the daily net asset value of the Portfolios.

  • Nevertheless, during the second half of the 19th century as the British forces occupied the country many missionaries arrived in the country to invite not only Muslims but also Copts to their sects.

  • The obtained results (pool temperatures, heat flux distribution, reactor wall ablation) were compared with available predictions of other codes.

  • Administrative Charge 0.15% Mortality Risk Charge 0.35% Expense Risk Charge 0.90% ----- Total Separate Account Charges 1.40% SEPARATE ACCOUNT FUNDS: During the Accumulation Period the Funds available with this Contract are: ALIAC GUARANTEED ACCOUNT (AG ACCOUNT) -------------------------------------------------------------------------------- MINIMUM GUARANTEED 3.0%.

  • Where (c) is The sum of the daily Expense Risk Charge and the daily Mortality Risk Charge.


More Definitions of Mortality Risk Charge

Mortality Risk Charge. On an annual basis, this charge equals 0.9% of the daily net asset value of the Portfolios.
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Mortality Risk Charge. The charge specified on the Contract Data Page. This charge is to compensate Us for assuming the mortality risks under the Contract. TRANSFER FEE. A transfer fee of $25.00 will apply to transfers in excess of 15 in a Contract Year. The Company may waive the transfer fee in connection with preauthorized automatic transfer programs. -------------------------------------------------------------------------------- ACCUMULATION PROVISIONS -------------------------------------------------------------------------------- ACCUMULATION UNIT VALUE (AUV). Accumulation Unit Value is determined Monday through Friday on each day that the New York Stock Exchange is open for business. A separate Accumulation Unit Value is determined for each Portfolio. If the Company elects or is required to assess a charge for taxes, a separate Accumulation Unit Value may be calculated for Contracts issued in connection with Nonqualified and Qualified Plans, respectively, within each Portfolio. The Accumulation Unit Value for each Portfolio will vary with the price of a share in the Underlying Fund and in accordance with the Mortality (including the Enhanced Death Benefit Charge) and Expense Risk Charge, Administration Charge, and any provision for taxes. Assessments of Withdrawal Charges, Transfer Fees and Contract Maintenance Charges are effected by redemption of Accumulation Units and do not affect Accumulation Unit Value. The Accumulation Unit Value of a Portfolio for any Valuation Period is calculated by subtracting (2) from (1) and dividing the result by (3) where:
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Mortality Risk Charge. A charge for assuming the mortality risks associated with this Contract, calculated on the basis of an annual rate of 0.35% of the net assets in each Investment Fund of the Separate Account.
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Mortality Risk Charge. As named by You [0.90%]
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Related to Mortality Risk Charge

  • Applicable Mortality Table means the 1983 Group Annuity Mortality Table; and

  • Attachment point means a point on the network at which network assets are connected to assets owned by another person.

  • Low risk means normal, uncomplicated prenatal course as determined by adequate prenatal care and prospects for a normal, uncomplicated birth as defined by reasonable and generally accepted criteria of maternal and fetal health.

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • Total Service Charges means all charges, after application of all discounts and credits, for Services excluding Taxes, Governmental Charges, equipment, Company ILEC, Company Wireless, Document Delivery Fax, non-recurring, goods and services acquired by Company as Customer’s agent, international pass-through access (Type 3/PTT) and charges for international access or provided by Company (Type 1), charges for security services provided by Cybertrust, Inc. or its affiliates set forth in the Guide as providers of Cybertrust security services and other charges expressly excluded by this Agreement.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.