MORTALITY TABLES definition

MORTALITY TABLES. The mortality table used in establishing the Annuity Table is the Annuity 2000 Mortality Table. The dollar amount of an Annuity Payment for any Age or combination of Ages not shown in the Tables or for any other form of Annuity Option agreed to by the Company will be provided by the Company upon request.
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MORTALITY TABLES. The Annuity Tables contained in this Contract utilize an Assumed Investment Rate of 3% for the determination of the initial Variable Annuity Payment and a minimum guaranteed rate of 3% per year for the determination of the monthly Fixed Annuity Payment. The mortality table used in determining the Annuity Purchase Rates for Options A, B, and C is the [Annuity 2000 Table]. The dollar amount of an Annuity Payment for any Age or combination of Ages not shown in the Tables or for any other form of Annuity Option agreed to by the Company will be provided by the Company upon request.
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MORTALITY TABLES. The Annuity Tables contained in this Contract utilize an Assumed Investment Rate of 4% for the determination of the initial Variable Annuity Payment and a minimum guaranteed rate of 4% per year for the determination of the monthly Fixed Annuity Payment. The mortality table used in determining the Annuity Purchase Rates for Options A, B, C, and D is the 1983 Blended Individual Annuity mortality table with 60% female and 40% male lives and a pivotal age of 55. In using this mortality table, Ages of Annuitants will be reduced by one year for Annuity Dates occurring during the 1990's, reduced two years for Annuity Dates occurring during the decade 2000-2009, and so on. The dollar amount of an Annuity Payment for any Age or combination of Ages not shown in the Tables or for any other form of Annuity Option agreed to by the Company will be provided by the Company upon request.
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Examples of MORTALITY TABLES in a sentence

  • PREFERRED MORTALITY TABLES FOR USEIN DETERMINING MINIMUM RESERVE LIABILITIES 191—94.1(508) Purpose.

  • ANNUITY MORTALITY TABLES FOR USE IN DETERMINING RESERVE LIABILITIES FOR ANNUITIES[Prior to 10/22/86, Insurance Department[510]] 191—43.1(508) Purpose.

  • INTEREST RATES BASIS OF VALUES - 5.5% A YEAR, COMPOUNDED ANNUALLY REINSTATEMENT - 6% A YEAR, COMPOUNDED ANNUALLY POLICY LOAN - 7.4% A YEAR, PAYABLE IN ADVANCE MORTALITY TABLE 1980 CSO MORTALITY TABLE, SEX DISTINCT, AGE NEAREST BIRTHDAY, FOR ATTAINED AGES UP THROUGH 14 AND THE 1980 CSO SMOKER/NONSMOKER MORTALITY TABLES, SEX DISTINCT, AGE NEAREST BIRTHDAY, FOR ATTAINED AGES 15 AND ABOVE.

  • This regulation becomes effective immediately upon filing with the Secretary ofState.Chapter 59 REGULATION PERMITTING THE RECOGNITION OF PREFERRED MORTALITY TABLES FOR USE IN DETERMINING MINIMUM RESERVE LIABILITIES Section 1.

  • DEPARTMENT OF INSURANCE SUBCHAPTER s: LEGAL RESERVE LIFE INSURANCEPART 1413RECOGNITION OF 2001 CSO PREFERRED CLASS STRUCTURE MORTALITY TABLES FOR USE IN DETERMINING MINIMUM RESERVE LIABILITIESSection1413.10 Purpose1413.20 Definitions1413.30 2001 CSO Preferred Class Structure Table 1413.40 ConditionsAUTHORITY: Implementing Section 223(3)(a)(i) and authorized by Section 401 of the Illinois Insurance Code [215 ILCS 5/223 and 401].SOURCE: Adopted at 31 Ill.

  • JOINT AND SURVIVOR ANNUITY FIXED ANNUITY MORTALITY TABLES GENERAL PROVISIONS THE CONTRACT MISSTATEMENT OF AGE INCONTESTABILITY MODIFICATION NON-PARTICIPATING EVIDENCE OF SURVIVAL PROOF OF AGE PROTECTION OF PROCEEDS REPORTS TAXES REGULATORY REQUIREMENTS CONTRACT SCHEDULE United Companies Life Insurance Company Variable Annuity Processing Center P.

  • MORTALITY TABLES The mortality tables that the companies use for pricing are different.

  • December 20, 2015.SECTION .0500 – NEW ANNUITY VALUATION MORTALITY TABLES 11 NCAC 11F .0501 DEFINITIONS11 NCAC 11F .0502 INDIVIDUAL ANNUITY OR PURE ENDOWMENT CONTRACTS11 NCAC 11F .0503 GROUP ANNUITY OR PURE ENDOWMENT CONTRACTS11 NCAC 11F .0504 APPLICATION OF THE 1994 GAR TABLE History Note: Authority G.S. 58-2-40; 58-58-50(k);Temporary Adoption Eff.

  • SCHEDULE B (CONTINUED) EFFECTIVE JULY 1, 2016 REINSURANCE PREMIUM PERCENTAGES FOR THE CLOSED IN-FORCE BLOCK OF LEVEL TERM POLICIES PREMIUM PERCENTAGES APPLIED TO THE APPLICABLE MORTALITY TABLES SPECIFIED IN SCHEDULES F AND G RISK CLASS ALL DURATIONS ALL CLASSES 115 % *AFTER APPLYING THE ABOVE PERCENTAGES TO THE MORTALITY TABLES SPECIFIED, MULTIPLY THESE BY THE NET AMOUNT AT RISK PER THOUSAND AND ROUND THE RESULTING REINSURANCE PREMIUMS TO TWO DECIMAL PLACES (I.E., NEAREST CENT).

  • If the UK is outside the EU, this clearly will have an impact of the term "Territory" in such contracts and these should be reviewed to ascertain what (if any) changes to the definition of "Territory" are required. Data Protection and Intellectual Property – it may well be that these are issues of particular concern in the event that the UK is no longer within the EU/EEA and the full impact will depend upon the exit arrangements negotiated between the EU and the UK.


More Definitions of MORTALITY TABLES

MORTALITY TABLES. The Annuity Tables contained in this Contract utilize an Assumed Investment Rate of 3% for the determination of the initial Variable Annuity Payment and a minimum guaranteed rate of 3% per year for the determination of the monthly Fixed Annuity Payment.
Sample 1
MORTALITY TABLES. The Annuity Tables contained in the Certificate utilize a minimum guaranteed rate of 3% per year for the determination of the monthly Fixed Annuity Payment. The mortality table used in determining the Annuity Purchase Rates for Option A, B, and C is the 1983 Individual Annuity Mortality Table A with Projection Scale G. The dollar amount of an Annuity Payment for any age or combination of ages not shown in the Tables or for any other form of Annuity Option agreed to by the Company will be provided by the Company upon request.
Sample 1
MORTALITY TABLES. The Annuity 2000 Mortality Table with Male-Female sex distinction, projected to 2012, with further projection for each attained age to the date of usage, based on 50% for female and 100% for male of Projection Scale G, is used in establishing the Annuity Table with a 1.00% interest rate. The age in the Annuity Table is the Annuitant’s Adjusted Age. “Adjusted Age” is the Annuitant’s Age when the annuity payment begins, reduced by 1 year for every 5 years that has elapsed since January 1, 2012. For example, the Adjusted Age for an Annuitant whose annuity payments begin in 2017, and whose Age is 67 at the time the first annuity payment is due, would be 66. The dollar amount of an Annuity Payment for any Age or combination of ages not shown in the tables, or for any other form of Annuity Option agreed to by the Company, will be provided by the Company upon Authorized Request.
Sample 1
MORTALITY TABLES. The Annuity 2000 Mortality Table is used in establishing the annuity table. The dollar amount of an Annuity Payment for any Age or combination of ages not shown in the tables, or for any other form of Annuity Option agreed to by the Company, will be provided by the Company upon Formal Request.
Sample 1

Related to MORTALITY TABLES

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

  • Final Average Pay means, for purposes of Section 5 the average of Employee's three (3) highest years of Compensation during the ten (10) calendar year period immediately preceding the calendar year in which Employee Retires, and for purposes of determining death benefits under Section 6 the average of Employee's three (3) highest years of Compensation during the ten (10) calendar year period immediately preceding the calendar year containing Employee's date of death. The foregoing notwithstanding, any calendar year in which Employee has no Compensation from the Corporation shall be ignored in determining such ten calendar year period.

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Actuarial equivalent means a benefit of equal value when

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • 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.

  • Three-Month Term SOFR Conventions means any determination, decision or election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “Floating Interest Period”, timing and frequency of determining Three-Month Term SOFR with respect to each Floating Interest Period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Company decides may be appropriate to reflect the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Company decides that adoption of any portion of such market practice is not administratively feasible or if the Company determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Company determines is reasonably necessary).

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.