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.
Mortality Risk Charge. EXPENSE RISK CHARGE: [1.02%] [0.35%]
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.

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.

  • Is a daily factor representing the Mortality Risk Charge, the Expense Risk Charge, and the Administrative Charge adjusted for the number of days in the period.

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

  • 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%.

  • 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: Aetna Variable Fund Aetna Income Shares Aetna Variable Encore Fund Aetna Investment Advisers Fund, Inc.

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

  • A list of the types of fees for annuities is as follows:  Investment Management Fees.o Administration Expense and Mortality Risk Charge.

  • The deduction is the daily equivalent of the annual effective percentage shown in the following chart: Administrative Charge 0.15% Mortality Risk Charge 0.35% Expense Risk Charge 0.90% ----- Total Separate Account Charges 1.40% Marathon Guaranteed Account (MG Account) -------------------------------------------------------------------------------- Minimum Guaranteed Interest Rate (effective annual rate of return): 3.0%.

  • Subtract from the result of item (4) the number of days in the Valuation Period multiplied times the sum of the Mortality Risk Charge, the Expense Risk Charge and the Administration Charge shown in the Data Section.


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.
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:
Mortality Risk Charge. As named by You [0.90%]
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.

Related to Mortality Risk Charge

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  • 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.

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