Conformity with Interstate Insurance Product Regulation Commission Standards. This Contract was approved under the authority of the Interstate Insurance Product Regulation Commission and issued under the Commission standards. Any provision of this Contract which, on the Issue Date, is in conflict with the Commission standards for an Individual Flexible Premium Deferred Variable Annuity Contract, as in effect on the Issue Date, is hereby amended to conform to those standards as of the Issue Date. ICC12.RR.VA.BBK.(0313) 18
Conformity with Interstate Insurance Product Regulation Commission Standards. This contract was approved under the authority of the Interstate Insurance Product Regulation Commission and issued under its standards. Any provision of this contract that, on the provision’s effective date, is in conflict with the applicable Interstate Insurance Product Regulation Commission standards for this product type in effect as of the provision’s effective date of Commission contract approval, is hereby amended to conform to the applicable Interstate Insurance Product Regulation Commission standards in effect as of the provision’s effective date of Commission contract approval.
Conformity with Interstate Insurance Product Regulation Commission Standards. This Contract has been approved under the authority of the Interstate Insurance Product Regulation Commission (“IIPRC”) and is issued under the IIPRC standards. Any provision of the Contract that is in conflict with IIPRC standards on the Contract Date is hereby amended to conform to those standards for this product type as of the provision’s effective date. ICC12 IL-IA-4030 ING Life Insurance and Annuity Company [Windsor, CT 06095-4774] [Customer Service Center P.O. Box 10450 000 Xxxxxx Xxxxxx, Xxx Xxxxxx, Xxxx 00000-0450] [0-000-000-0000] [xxx.xxxxxxxxxxxxxxxxxxxxx.xxx] SINGLE PREMIUM DEFERRED INDIVIDUAL VARIABLE ANNUITY CONTRACT WITH MINIMUM GUARANTEED WITHDRAWAL BENEFIT This Contract is non-participating which means it will not pay dividends resulting from any of the surplus or earnings of ING Life Insurance and Annuity Company.
Conformity with Interstate Insurance Product Regulation Commission Standards. This Contract was approved under the authority of the Interstate Insurance Product Regulation Commission and issued under the Commission standards. Any provision of this Contract which, on the Issue Date, is in conflict with the Commission standards for an Individual Flexible Premium Deferred Variable Annuity Contract, as in effect on the Issue Date, is hereby amended to conform to those standards as of the Issue Date.
Conformity with Interstate Insurance Product Regulation Commission Standards. This policy was approved under the authority of the Interstate Insurance Product Regulation Commission (the “Commission”), and issued under the Commission standards. Any provision of the policy that on the provision’s effective date is in conflict with the Commission’s standards for this product type is hereby amended to conform to the Commission’s standards for this product type as of the provision’s effective date. Level Premium Term Life Insurance Policy Convertible up to the Final Conversion Date shown in Section 1 Annually Renewable up to age 100 Premiums Payable Until Expiry Date Policy Death Benefit payable at death of Insured prior to Expiry Date Nonparticipating – not eligible for dividends Benefits, premiums, and the Risk Classification are shown in Section 1
Conformity with Interstate Insurance Product Regulation Commission Standards. This Contract has been approved under the authority of the Interstate Insurance Product Regulation Commission (“IIPRC”) and is issued under the IIPRC standards. Any provision of the Contract that is in conflict with IIPRC standards on the Contract Date is hereby amended to conform to those standards for this product type as of the provision’s effective date. ICC10 IU-IA-4027 24 ING Life Insurance and Annuity Company [Windsor, Connecticut] [Customer Service Center P.O. Box 10450 000 Xxxxxx Xxxxxx Xxx Xxxxxx, Xxxx 00000-0450] [0-000-000-0000] MODIFIED SINGLE PREMIUM DEFERRED INDIVIDUAL VARIABLE ANNUITY CONTRACT WITH MINIMUM GUARANTEED WITHDRAWAL BENEFIT This Contract is non-participating which means it will not pay dividends resulting from any of the surplus or earnings of ING Life Insurance and Annuity Company.
Conformity with Interstate Insurance Product Regulation Commission Standards. This contract was approved under the authority of the Interstate Insurance Product Regulation Commission and issued under the Commission standards. Any provision of the contract which is in conflict with Interstate Insurance Product Regulation Commission standards for this product type is hereby amended to conform to the Interstate Insurance Product Regulation Commission standards for this product type as of the approval date. Basis of Values Any paid-up annuity, Surrender Value, or death benefits that may be available for this contract are not less than the minimum benefits required by Section 7 of the NAIC Model Variable Annuity Regulation, model #250. Incontestability We will not contest this contract except in the event of fraud in the procurement of the contract, where permitted by applicable law in the state in which the contract is issued. ICC19-70506 Minnesota Life 5
Conformity with Interstate Insurance Product Regulation Commission Standards. This Contract is approved under the authority of the Interstate Insurance Product Regulation Commission (IIPRC) and issued under the Commission standards. Any provision of this Contract that on the provision’s effective date is in conflict with the IIPRC standards for this product type as of such date is hereby amended to conform with the IIPRC standards for this product type as of the provision’s effective date.
Conformity with Interstate Insurance Product Regulation Commission Standards. This contract was approved under the authority of the Interstate Insurance Product Regulation Commission and issued under the Commission standards. Any provision of the contract which is in conflict with Interstate Insurance Product Regulation Commission standards for this product type is hereby amended to conform to the Interstate Insurance Product Regulation Commission standards for this product type as of the approval date. Basis of Values Any paid-up annuity, Surrender Value, or death benefits that may be available for this contract are not less than the minimum benefits required by Section 7 of the NAIC Model Variable Annuity Regulation, Model #250. Incontestability We will not contest this contract except in the event of fraud in the procurement of the contract, where permitted by applicable law in the state in which the contract is issued. ICC20-70632 [A123456] Minnesota Life 5 Change of Owner or Annuitant You may change the Owner at any time. The Annuitant may change at any time prior to the Annuity Commencement Date. However, if the Owner of this contract is not a natural person, such as a trust or other entity, an Annuitant cannot be changed or added. A change of ownership may cause a taxable event. To change the Owner or Annuitant, we must receive the Written Request at our home office. Any new Owner or Annuitant must meet our issue requirements in effect on the Valuation Date we receive your Written Request. The change will take effect as of the date the Written Request was signed unless otherwise specified by you, whether or not you are living at the time of our receipt. We are not liable for any payment, settlement, or tax reporting made by us before such change is recorded at our home office. The new Owner or Annuitant is subject to the terms and conditions of the contract.
Conformity with Interstate Insurance Product Regulation Commission Standards. This policy was approved under the authority of the Interstate Insurance Product Regulation Commission and issued under the Commission Standards. When any provision of this policy is found to be in conflict with any applicable Interstate Insurance Product Regulation Commission standard in effect at the time this policy was approved by the Commission, this policy is amended to conform to any such standard. This policy is subject to the laws of the state where the policy was issued for delivery. Nonparticipating This policy does not share in our profits or surplus earnings. We will pay no dividends on this policy Compliance With Federal Laws This policy should be construed to comply with Sections 7702 and 7702A of the Internal Revenue Code. The two requirements below are intended to maintain the status of this policy as life insurance under the current Internal Revenue Code: First, the amount of payments that you may pay is limited by law. We will conduct a test no less frequently than annually, and return any excess payments, with interest, within 60 days of the end of the policy year in which the excess payments were paid. Second, the death benefit payable may not be less than the applicable percentage of the policy value. This percentage is based on the attained age as shown in the following table: ICC16AC Page 17 Attained Age Applicable Percentage Attained Age Applicable Percentage 0 to 40 250 61 128 41 243 62 126 42 236 63 124 43 229 64 122 44 222 65 120 45 215 66 119 46 209 67 118 47 203 68 117 48 197 69 116 49 191 70 115 50 185 71 113 51 178 72 111 52 171 73 109 53 164 74 107 54 157 75 to 90 105 55 150 91 104 56 146 92 103 57 142 93 102 58 138 94 to 99 101 59 134 100 and above 100 60 130 We will conduct a test monthly and increase the death benefit, subject to our then current underwriting limits, to be equal to the applicable percentage of your policy value, if necessary. If we cannot increase the death benefit due to underwriting limits, we will return that amount of payments necessary so that the death benefit will be equal to the applicable percentage of your policy value. If it is necessary for us to return payments to you, we will return them within 60 days of the end of the policy year in which they were paid. However, we will not refund such payment if it is necessary to keep this policy in force at the same death benefit amount prior to the premium payment. You may submit an application for an increase in base face amount subject to the condi...
