Variable Annuity Business definition

Variable Annuity Business means annuity contracts which provide contractholders with the opportunity to participate in stock market appreciation on a tax-deferred basis, often with guarantees which reduce the risk of market downturns. Variable Annuity Business shall exclude GMWB Riders and Non-GMWB Riders but shall include VA Annuitization Business.
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Variable Annuity Business means insurance business under a policy or contract which provides that the annuity benefits payable to the policyholder are to be determined wholly or partly -
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Examples of Variable Annuity Business in a sentence

  • For each of the contracts comprising the Variable Annuity Business, the amount to be paid with respect to surrenders, loans, annuitization payments, death benefits or any other amounts with respect to such contracts shall be paid out of the Separate Accounts to the extent required by such contracts.

  • The Per Contract Expense Allowance applies to Structured Settlement Business, Terminal Funding Business and Variable Annuity Business (including VA Annuitization Business).

  • For each of the contracts comprising the Variable Annuity Business, the amount to be invested on a variable basis or otherwise held in the related Separate Accounts in accordance with the terms of the contracts shall be held by the Ceding Company in the Separate Accounts, and all Premiums with respect to such variable portion of the contracts shall be deposited in the Separate Accounts to the extent required by such contracts.

  • The Per Contract Expense Allowance applies to Structured Settlement Business and Variable Annuity Business (including VA Annuitization Business).

  • For each of the contracts comprising the Variable Annuity Business, the amount to be invested on a variable basis or otherwise held in the related Separate Accounts in accordance with the terms of the contracts shall be held by the Ceding Company in the Separate Accounts, and all Premiums with respect to such ▇▇▇▇▇▇▇ Resolution Life and Annuity Insurance Company and TR Re, Ltd.