Alternate Variable Rate Basis. The Company may from time to time publish higher initial rates for variable payment plans under this contract. These higher rates cannot be used to increase payments under payment plans that have already started. When a variable payment plan is on an alternate rate basis, the Daily Adjustment Factor defined in Section 8.2 will be determined based on the Assumed Investment Rate used in calculating the alternate payment rate. PAYMENT RATE TABLES Monthly Income Payments Per $1,000 Contract Benefits First Payment Under Variable Payment Plan INSTALLMENT INCOME PLAN (OPTION B) -------------------------------------------------------------------------------- PERIOD MONTHLY PERIOD MONTHLY PERIOD MONTHLY (YEARS) PAYMENT (YEARS) PAYMENT (YEARS) PAYMENT -------------------------------------------------------------------------------- Years 1-4 11 $ 9.09 21 $ 5.56 Not Available 12 8.46 22 5.39 13 7.94 23 5.24 14 7.49 24 5.09 5 $ 18.12 15 7.10 25 4.96 6 15.35 16 6.76 26 4.84 7 13.38 17 6.47 27 4.73 8 11.90 18 6.20 28 4.63 9 10.75 19 5.97 29 4.53 10 9.83 20 5.75 30 4.45 -------------------------------------------------------------------------------- Guaranteed Fixed Payment Plans INSTALLMENT INCOME PLAN (OPTION B) -------------------------------------------------------------------------------- PERIOD MONTHLY PERIOD MONTHLY PERIOD MONTHLY (YEARS) PAYMENT (YEARS) PAYMENT (YEARS) PAYMENT -------------------------------------------------------------------------------- 1 $84.09 11 $8.42 21 $4.85 2 42.46 12 7.80 22 4.67 3 28.59 13 7.26 23 4.51 4 21.65 14 6.81 24 4.36 5 17.49 15 6.42 25 4.22 6 14.72 16 6.07 26 4.10 7 12.74 17 5.77 27 3.98 8 11.25 18 5.50 28 3.87 9 10.10 19 5.26 29 3.77 10 9.18 20 5.04 30 3.68 -------------------------------------------------------------------------------- NPV.1C.(0594) 12 PAYMENT RATE TABLES MONTHLY INCOME PAYMENTS PER $1,000 CONTRACT BENEFITS LIFE INCOME PLANS (Options C and E) ------------------------------------------------------------------- SINGLE LIFE MONTHLY PAYMENTS (Option C) ------------------------------------------------------------------- GUARANTEED FIXED PAYMENT OR FIRST PAYMENT UNDER VARIABLE PAYMENT PLAN ------------------------------------------------------------------- ADJUSTED CERTAIN PERIOD (YEARS) AGE* ZERO 10 20 ------------------------------------------------------------------- 55 $4.17 $4.14 $4.06 56 4.23 4.20 4.11 57 4.31 4.28 4.17 58 4.39 4.35 4.23 59 4.47 4.43 4.29 60 4.56 4.51 4.35 61 4.65 4.59 4.42 62 4.76 4.69 4.49 63 4.87 4.79 4.56 64 4.98 4.90 4.63 65 5.10 5.00 4.70 66 5.24 5.12 4.77 67 5.38 5.24 4.84 68 5.54 5.37 4.91 69 5.70 5.51 4.98 70 5.88 5.66 5.05 71 6.07 5.81 5.12 72 6.27 5.96 5.19 73 6.49 6.13 5.24 74 6.73 6.30 5.30 75 6.99 6.48 5.36 76 7.27 6.67 5.40 77 7.58 6.86 5.45 78 7.91 7.05 5.49 79 8.26 7.25 5.52 80 8.64 7.45 5.55 81 9.05 7.65 5.58 82 9.50 7.84 5.60 83 9.98 8.02 5.62 84 10.50 8.20 5.63 85 and over 11.08 8.38 5.64 ------------------------------------------------------------------- -------------------------------------------------------------------------------- JOINT AND SURVIVOR MONTHLY PAYMENTS (Option E) -------------------------------------------------------------------------------- GUARANTEED FIXED PAYMENT OR FIRST PAYMENT UNDER VARIABLE PAYMENT PLAN -------------------------------------------------------------------------------- OLDER LIFE YOUNGER LIFE ADJUSTED AGE* ADJUSTED ------------------------------------------------------------------- AGE* 55 60 65 70 75 80 85 and over -------------------------------------------------------------------------------- 55 $3.79 60 3.87 $4.07 65 3.94 4.18 $4.45 70 3.99 4.27 4.61 $4.99 75 4.02 4.34 4.73 5.20 $5.72 80 4.05 4.38 4.81 5.35 6.00 $6.67 85 and over 4.06 4.40 4.86 5.45 6.18 7.00 $7.75 -------------------------------------------------------------------------------- Section 9.1. The amount of the payment for an y other combination of ages will be furnished by the Company on request. Monthly payment rates are based on the 1983 Table a mortality table with projection scale G, and an annual interest rate of 3 1/2%. NPV.1C 13 AMENDMENT TO SECTION 2 AND SECTION 6 FOR THE GROUP COMBINATION ANNUITY 2.1 ARE AMENDED TO READ AS FOLLOWS:
Appears in 1 contract
Sources: Group Combination Annuity (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)
Alternate Variable Rate Basis. The Company may from time to time publish higher initial rates for variable payment plans under this contract. These higher rates canwill not be used available to increase payments under payment plans that have already startedin effect. When a variable payment plan is effective on an alternate rate basis, the Daily Adjustment Factor defined described in Section 8.2 11.3 will be determined based on the Assumed Investment Rate used in calculating the alternate payment rate. ▇▇.▇.▇.▇▇.(0704) 20 PAYMENT RATE TABLES Monthly Income Payments Per $1,000 Contract Benefits First Payment Under Variable Payment Plan INSTALLMENT INCOME PLAN PLANS (OPTION B) -------------------------------------------------------------------------------- --------------------------------------------------------------- PERIOD MONTHLY PERIOD MONTHLY PERIOD MONTHLY (YEARS) PAYMENT (YEARS) PAYMENT (YEARS) PAYMENT -------------------------------------------------------------------------------- --------------------------------------------------------------- Years 1-4 11 $ $9.09 21 $ $5.56 Not Available 12 8.46 22 5.39 13 7.94 23 5.24 14 7.49 24 5.09 5 $ 18.12 15 7.10 25 4.96 6 15.35 16 6.76 26 4.84 7 13.38 17 6.47 27 4.73 8 11.90 18 6.20 28 4.63 9 10.75 19 5.97 29 4.53 10 9.83 20 5.75 30 4.45 -------------------------------------------------------------------------------- --------------------------------------------------------------- Guaranteed Fixed Payment Plans INSTALLMENT INCOME PLAN PLANS (OPTION B) -------------------------------------------------------------------------------- --------------------------------------------------------- PERIOD MONTHLY PERIOD MONTHLY PERIOD MONTHLY (YEARS) PAYMENT (YEARS) PAYMENT (YEARS) PAYMENT -------------------------------------------------------------------------------- --------------------------------------------------------- 1 $84.09 83.52 11 $8.42 7.78 21 $4.85 4.18 2 42.46 41.87 12 7.80 7.15 22 4.67 4.00 3 28.59 27.98 13 7.26 6.62 23 4.51 3.83 4 21.65 21.04 14 6.81 6.16 24 4.36 3.68 5 17.49 16.87 15 6.42 5.76 25 4.22 3.54 6 14.72 14.09 16 6.07 5.42 26 4.10 3.42 7 12.74 12.11 17 5.77 5.11 27 3.98 3.30 8 11.25 10.62 18 5.50 4.84 28 3.87 3.19 9 10.10 9.47 19 5.26 4.60 29 3.77 3.09 10 9.18 8.54 20 5.04 4.38 30 3.68 -------------------------------------------------------------------------------- NPV.1C.(05942.99 --------------------------------------------------------- ▇▇.▇.▇.▇▇.(0704) 12 21 PAYMENT RATE TABLES MONTHLY INCOME PAYMENTS PER Monthly Income Payments Per $1,000 CONTRACT BENEFITS Benefits Guaranteed Fixed Payment or First Payment Under Variable Payment Plan LIFE INCOME PLANS PLAN (Options C and EOPTION C) ------------------------------------------------------------------- ------------------------------------ SINGLE LIFE MONTHLY PAYMENTS (Option C) ------------------------------------------------------------------- GUARANTEED FIXED PAYMENT OR FIRST PAYMENT UNDER VARIABLE PAYMENT PLAN ------------------------------------------------------------------- ADJUSTED CERTAIN ------------------------------------ CHOSEN PERIOD (YEARS) ADJUSTED ---------------------- AGE* ZERO 10 20 ------------------------------------------------------------------- ------------------------------------ 55 $ 4.11 $4.17 4.09 $4.14 $4.06 4.01 56 4.23 4.20 4.11 4.18 4.15 4.07 57 4.31 4.28 4.17 4.25 4.22 4.13 58 4.39 4.35 4.23 4.33 4.29 4.18 59 4.47 4.40 4.36 4.24 60 4.49 4.45 4.30 61 4.58 4.53 4.37 62 4.68 4.61 4.43 4.29 60 4.56 4.51 4.35 61 4.65 4.59 4.42 62 4.76 4.69 4.49 63 4.87 4.79 4.56 4.77 4.71 4.50 64 4.98 4.90 4.63 4.89 4.81 4.57 65 5.10 5.01 4.92 4.64 66 5.13 5.03 4.72 67 5.26 5.15 4.78 68 5.41 5.27 4.85 69 5.57 5.40 4.93 70 5.74 5.55 5.00 4.70 66 5.24 5.12 4.77 67 5.38 5.24 4.84 68 5.54 71 5.92 5.69 5.07 72 6.12 5.84 5.13 73 6.33 6.00 5.20 74 6.55 6.17 5.26 75 6.79 6.35 5.32 76 7.06 6.53 5.37 4.91 69 5.70 5.51 4.98 70 5.88 5.66 5.05 71 6.07 5.81 5.12 72 6.27 5.96 5.19 73 6.49 6.13 5.24 74 6.73 6.30 5.30 75 6.99 6.48 5.36 76 7.27 6.67 5.40 77 7.58 6.86 5.45 7.34 6.72 5.41 78 7.91 7.05 5.49 7.65 6.90 5.46 79 8.26 7.25 5.52 7.98 7.10 5.50 80 8.64 7.45 5.55 8.34 7.30 5.53 81 9.05 7.65 5.58 8.73 7.49 5.56 82 9.50 7.84 5.60 9.15 7.68 5.59 83 9.98 8.02 9.60 7.88 5.61 84 10.09 8.07 5.62 84 10.50 8.20 5.63 85 and over 11.08 8.38 5.64 ------------------------------------------------------------------- -------------------------------------------------------------------------------- 10.61 8.24 5.63 ------------------------------------ LIFE INCOME PLAN (OPTION E) ------------------------------------------------------------------------- JOINT AND SURVIVOR MONTHLY PAYMENTS (Option Ewith 10 years certain) -------------------------------------------------------------------------------- GUARANTEED FIXED PAYMENT OR FIRST PAYMENT UNDER VARIABLE PAYMENT PLAN -------------------------------------------------------------------------------- ------------------------------------------------------------------------- OLDER LIFE YOUNGER LIFE ADJUSTED AGE* ADJUSTED ------------------------------------------------------------------- ----------------------------------------------------------- AGE* 55 60 65 70 75 80 85 and over -------------------------------------------------------------------------------- ------------------------------------------------------------------------- 55 $3.79 3.75 60 3.87 3.83 $4.07 4.02 65 3.90 4.13 $4.39 70 3.94 4.18 4.22 4.54 $4.45 70 3.99 4.27 4.61 4.89 75 3.98 4.28 4.65 5.10 $4.99 75 4.02 4.34 5.59 80 4.00 4.32 4.73 5.20 5.24 5.86 $5.72 80 4.05 4.38 4.81 5.35 6.00 $6.67 6.51 85 and over 4.06 4.40 4.86 5.45 6.18 7.00 4.01 4.34 4.77 5.34 6.04 6.84 $7.75 --------------------------------------------------------------------------------
7.58 ------------------------------------------------------------------------ * See Section 9.1. 11.9 The amount of the payment for an y any other combination of ages will be furnished by the Company on request. The maximum initial monthly income per $1,000 will be $7.58. Monthly payment rates are based on an Assumed Investment Rate of 3 1/2% and the 1983 Table a mortality table with projection scale GProjection Scale G. ▇▇.▇.▇.▇▇.(0704) 22 AMENDMENT OF CONTRACT TO QUALIFY AS ANNUITY As of the Issue Date, this Amendment is made a part of this annuity contract issued by The Northwestern Mutual Life Insurance Company. Notwithstanding any other specific provisions in this contract to the contrary and an annual interest rate subject to the tax qualification provisions herein, this contract is amended to restrict the exercise of 3 1/2%. NPV.1C 13 AMENDMENT TO SECTION 2 AND SECTION 6 FOR THE GROUP COMBINATION ANNUITY
2.1 ARE AMENDED TO READ AS FOLLOWSthe rights of the Owner or Annuitant and any beneficiary as follows:
Appears in 1 contract
Sources: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)
Alternate Variable Rate Basis. The Company may from time to time publish higher initial rates for variable payment plans under this contract. These higher rates cannot be used to increase payments under payment plans that have already started. When a variable payment plan is on an alternate rate basis, the Daily Adjustment Factor defined in Section 8.2 will be determined based on the Assumed Investment Rate used in calculating the alternate payment rate. PAYMENT RATE TABLES Monthly Income Payments Per $1,000 Contract Benefits First Payment Under Variable Payment Plan INSTALLMENT INCOME PLAN (OPTION B) -------------------------------------------------------------------------------- PERIOD MONTHLY PERIOD MONTHLY PERIOD MONTHLY (YEARS) PAYMENT (YEARS) PAYMENT (YEARS) PAYMENT -------------------------------------------------------------------------------- Years 1-4 11 $ 9.09 21 $ 5.56 Not Available 12 8.46 22 5.39 13 7.94 23 5.24 14 7.49 24 5.09 5 $ 18.12 15 7.10 25 4.96 6 15.35 16 6.76 26 4.84 7 13.38 17 6.47 27 4.73 8 11.90 18 6.20 28 4.63 9 10.75 19 5.97 29 4.53 10 9.83 20 5.75 30 4.45 -------------------------------------------------------------------------------- Guaranteed Fixed Payment Plans INSTALLMENT INCOME PLAN (OPTION B) -------------------------------------------------------------------------------- PERIOD MONTHLY PERIOD MONTHLY PERIOD MONTHLY (YEARS) PAYMENT (YEARS) PAYMENT (YEARS) PAYMENT -------------------------------------------------------------------------------- 1 $84.09 11 $8.42 21 $4.85 2 42.46 12 7.80 22 4.67 3 28.59 13 7.26 23 4.51 4 21.65 14 6.81 24 4.36 5 17.49 15 6.42 25 4.22 6 14.72 16 6.07 26 4.10 7 12.74 17 5.77 27 3.98 8 11.25 18 5.50 28 3.87 9 10.10 19 5.26 29 3.77 10 9.18 20 5.04 30 3.68 -------------------------------------------------------------------------------- NPV.1C.(0594) 12 PAYMENT RATE TABLES MONTHLY INCOME PAYMENTS PER $1,000 CONTRACT BENEFITS LIFE INCOME PLANS (Options C and E) ------------------------------------------------------------------- SINGLE LIFE MONTHLY PAYMENTS (Option C) ------------------------------------------------------------------- GUARANTEED FIXED PAYMENT OR FIRST PAYMENT UNDER VARIABLE PAYMENT PLAN ------------------------------------------------------------------- ADJUSTED CERTAIN PERIOD (YEARS) AGE* ZERO 10 20 ------------------------------------------------------------------- 55 $4.17 $4.14 $4.06 56 4.23 4.20 4.11 57 4.31 4.28 4.17 58 4.39 4.35 4.23 59 4.47 4.43 4.29 60 4.56 4.51 4.35 61 4.65 4.59 4.42 62 4.76 4.69 4.49 63 4.87 4.79 4.56 64 4.98 4.90 4.63 65 5.10 5.00 4.70 66 5.24 5.12 4.77 67 5.38 5.24 4.84 68 5.54 5.37 4.91 69 5.70 5.51 4.98 70 5.88 5.66 5.05 71 6.07 5.81 5.12 72 6.27 5.96 5.19 73 6.49 6.13 5.24 74 6.73 6.30 5.30 75 6.99 6.48 5.36 76 7.27 6.67 5.40 77 7.58 6.86 5.45 78 7.91 7.05 5.49 79 8.26 7.25 5.52 80 8.64 7.45 5.55 81 9.05 7.65 5.58 82 9.50 7.84 5.60 83 9.98 8.02 5.62 84 10.50 8.20 5.63 85 and over 11.08 8.38 5.64 ------------------------------------------------------------------- -------------------------------------------------------------------------------- JOINT AND SURVIVOR MONTHLY PAYMENTS (Option E) -------------------------------------------------------------------------------- GUARANTEED FIXED PAYMENT OR FIRST PAYMENT UNDER VARIABLE PAYMENT PLAN -------------------------------------------------------------------------------- OLDER LIFE YOUNGER LIFE ADJUSTED AGE* ADJUSTED ------------------------------------------------------------------- AGE* 55 60 65 70 75 80 85 and over -------------------------------------------------------------------------------- 55 $3.79 60 3.87 $4.07 65 3.94 4.18 $4.45 70 3.99 4.27 4.61 $4.99 75 4.02 4.34 4.73 5.20 $5.72 80 4.05 4.38 4.81 5.35 6.00 $6.67 85 and over 4.06 4.40 4.86 5.45 6.18 7.00 $7.75 --------------------------------------------------------------------------------
Section 9.1. The amount of the payment for an y other combination of ages will be furnished by the Company on request. Monthly payment rates are based on the 1983 Table a mortality table with projection scale G, and an annual interest rate of 3 1/2%. NPV.1C 13 AMENDMENT TO SECTION 2 AND SECTION 6 FOR THE GROUP COMBINATION ANNUITY
2.1 ARE AMENDED TO READ AS FOLLOWS:: The Separate Account is comprised of the Select Bond, International Equity, Money Market, Balanced, Index 500 Stock, Aggressive Growth Stock, High Yield Bond, Growth Stock, Growth and Income Stock, Index ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ Multi-Style Equity, ▇▇▇▇▇▇▇ Aggressive Equity, ▇▇▇▇▇▇▇ Non-US, ▇▇▇▇▇▇▇ Real Estate Securities, and ▇▇▇▇▇▇▇ Core Bond Divisions. Assets allocated to these Divisions are invested in shares of corresponding mutual funds or portfolios of mutual funds, both of which are referred to in this policy as Funds. Shares of the Funds are purchased for the Separate Account at their net asset value. The Company may make available additional Divisions and Funds. AS OF THE CONTRACT DATE SECTION 6.5 IS AMENDED TO READ AS FOLLOWS: After the fifth contract year the Company may amend this contract from time to time with respect to: - the Installation Fee; - the Sales Load; - the Maximum Annual Annuity Rate and Expense Guarantee Charge; - the Administration Fee; - the Transfer Fee; - the Minimum Purchase Payment; - the GRF Accounts Maximum; and - the Minimum Contract Value. The amendment will take effect not less than 30 days after written notice to the Owner. Secretary NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY NPV.FUNDS.(0599) AMENDMENT TO SEPARATE ACCOUNT DIVISIONS AS OF APRIL 30, 1999, THE SECOND AND THIRD PARAGRAPHS OF THE SEPARATE ACCOUNT SECTION OF THE CONTRACT RELATING TO THE DIVISIONS OF THE SEPARATE ACCOUNT AND THE ASSETS ALLOCATED TO THESE DIVISIONS ARE AMENDED TO READ AS FOLLOWS: The Separate Account is comprised of the Select Bond, International Equity, Money Market, Balanced, Index 500 Stock, Aggressive Growth Stock, High Yield Bond, Growth Stock, Growth and Income Stock, Index ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ Multi-Style Equity, ▇▇▇▇▇▇▇ Aggressive Equity, ▇▇▇▇▇▇▇ Non-US, ▇▇▇▇▇▇▇ Real Estate Securities, and ▇▇▇▇▇▇▇ Core Bond Divisions. Assets allocated to these Divisions are invested in shares of corresponding mutual funds or portfolios of mutual funds, both of which are referred to in this policy as Portfolios. Shares of the Portfolios are purchased for the Separate Account at their net asset value. The Company may make available additional Divisions and Portfolios. Secretary NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY VA.FUNDS.(0599) C A APPLICATION FOR GROUP COMBINATION ANNUITY CONTRACT THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ NML Plan (or Trust) No. 001 ------------- Contract No. 10 000 001 ------------- --------------------------------------------------------------------------------
Appears in 1 contract
Sources: Group Combination Annuity (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)