AMOUNTS AT RISK. A. The reinsurance death benefit is the excess of the guaranteed minimum death benefit over the contract surrender value. At issue, the guaranteed minimum death benefit is equal to the initial premium. Once every year thereafter, on the contract anniversary, prior to certificate or contract owner attained age 81, the guaranteed minimum death benefit is reset to the then current contract value, if this value exceeds the current guaranteed minimum death benefit. Please refer to Schedule C for a complete description of the guaranteed minimum death benefit.
AMOUNTS AT RISK. A. The reinsurance death benefit is the excess of the guaranteed minimum death benefit over the Contract Value as outlined in Schedule C attached hereto.
AMOUNTS AT RISK. A. The Guaranteed Minimum Death Benefit (GMDB) reinsurance benefit, on the Contract Forms identified in Schedule B, is the excess of the guaranteed minimum death benefit, as defined in Schedule A, less the Contract Value and reductions for withdrawals.
AMOUNTS AT RISK. (a) First Data will place the Amount at Risk for Print Production Services at risk each month for Service Level Credits in this Agreement for Print Service Levels.
AMOUNTS AT RISK. A. The reinsurance death benefit is 50% of the excess of the guaranteed minimum death benefit over the contract value. The death benefit is paid upon the death of the last annuitant. VENTURE ALL CONTRACTS BEGINNING WITH FORM NUMBER 207, EXCEPT; EXCLUDE FORM 207-VFA-NY; INCLUDE FORM VFA-MN; INCLUDE ALL CERTIFICATES BEGINNING WITH FORM VFA-CERT If the annuitant dies prior to their 85 birthday, the guaranteed minimum death benefit payable upon death of the last surviving annuitant, during the first 6 Contract Years, will be the greater of the Contract Value or the sum of all Purchase Payments made, less any amount deducted in connection with partial withdrawals. During any subsequent 6 Contract Year period, the minimum death benefit will be the greater of the Contract Value, or the minimum death benefit on the last day of the previous 6 Contract Year period plus any Purchase Payments made and less any amount deducted in connection with partial withdrawals since then. If the oldest annuitant has an attained age over 85 at death, the policy form does not provide a minimum death benefit guarantee and is not covered by the treaty. ALL CONTRACTS BEGINNING WITH FORM NUMBER 207, WHICH HAVE FORM ENDORSEMENT.005 ATTACHED, EXCEPT; EXCLUDE FORM 207-VFA-NY; INCLUDE CONTRACTS ISSUED IN MONTANA WHICH USE FORM ENDORSEMENT.005.94 ALL CONTRACTS BEGINNING WITH FORM VFA-MN WITH FORM ENDORSEMENT.005 ATTACHED ALL CERTIFICATES BEGINNING WITH FORM VFA-CERT WITH FORM ENDORSEMENT.007 ATTACHED If the Annuitant dies on or prior to the first of the month following his/her 85th birthday, the Death Benefit during the first Contract Year, will be the greater of: the Contract Value, or the sum of all Payments made, less any amount deducted in connection with partial withdrawals. During any subsequent Contract Year, the Death Benefit will be the greater of: the Contract Value, or the Death Benefit on the last day of the previous Contract Year plus any Payments made and less any amounts deducted in connection with partial withdrawals, since then. Death benefits payable after age 85 are not covered under this treaty Please refer to Schedule C for a detailed discussion of the guaranteed minimum death benefit.
AMOUNTS AT RISK. A. After age 89, the minimum guaranteed death benefit is the annuity value and the reinsurance amount at risk is zero.
AMOUNTS AT RISK. A. The reinsurance death benefit is the excess of the guaranteed minimum death benefit over the contract value. At issue, the guaranteed minimum death benefit is equal to the initial contract value. If the annuitant or the non-annuitant owner dies before the date annuity payments commence, the death benefit is the greater of the annuity account value plus the market value adjustment, if applicable, as of the later of the date of death and the date a request for payment is received, less premium tax, if any; or the sum of contributions paid, less partial surrenders and periodic withdrawals, less premium tax, if any. Refer to Schedule C for a detailed description of the guaranteed minimum death benefit.
AMOUNTS AT RISK. In the year of issue the amount at risk is defined as the amount of insurance reinsured. In all subsequent policy years, the amount at risk is defined as the amount of insurance reinsured less one-third of the accumulated policy value on the entire policy at the end of the prior year for automatic reinsurance and less all accumulated policy values for facultative reinsurance and any exchanges. Increases in the death benefit that are underwritten in accordance with State Mutual's usual underwriting standards for individually selected risks for new issues will be considered as new insurance for the purpose of determining the reinsurance amount at risk.
AMOUNTS AT RISK. A. Refer to Schedule C for a full description of the guaranteed minimum death benefit.
AMOUNTS AT RISK. The percentage relationship of reinsurance to total original issue will be determined at issue and will then remain constant for the given death benefit. The reinsurance amount at risk will be the amount equal to the death benefit at issue less the cash value less the amount State Mutual is retaining on the policy. Increases in the death benefit that are underwritten in accordance with State Mutual's usual underwriting standards for individually selected risks for new issues will be considered as new insurance for the purpose of determining the reinsurance amount at risk.
