Death Benefits Ceded. GUARANTEED MINIMUM DEATH BENEFITS (GMDB) ---------------------------------------- o Annual Step-Up Benefit for issue ages 0-79: Greater Maximum Anniversary Value to attained age 80; GMDB frozen thereafter. o Greater of 5% Index and Annual Step-Up for issues ages 0-79: Greater maximum Anniversary Value to attained age 80 and 5% Rollup to attained age 80; GMDB frozen thereafter. Note: Withdrawals reduce the death benefit proportionately. EARNINGS PRESERVATION BENEFITS (EPB) ------------------------------------ o Before the contract anniversary immediately prior to the owner's 81st birthday, the EPB is, 40% of (a) - (b) for issue ages 0-69 25% of (a) - (b) for issue ages 70-79, where
Appears in 10 contracts
Samples: Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account One), Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account Five), Automatic Reinsurance Agreement (Metlife Investors Variable Annuity Account Five)
Death Benefits Ceded. GUARANTEED MINIMUM DEATH BENEFITS Guaranteed Minimum Death Benefits (GMDB) ---------------------------------------- o Annual Step-Up Benefit for issue ages 0-79: Greater Maximum Anniversary Value to attained age 80; GMDB frozen thereafter. o Greater of 5% Index and Annual Step-Up for issues ages 0-79: Greater maximum Anniversary Value to attained age 80 and 5% Rollup to attained age 80; GMDB frozen thereafter. Note: Withdrawals reduce the death benefit proportionately. EARNINGS PRESERVATION BENEFITS Earnings Preservation Benefits (EPB) ------------------------------------ o Before the contract anniversary immediately prior to the owner's 81st birthday, the EPB is, 40% of (a) - (b) for issue ages 0-69 25% of (a) - (b) for issue ages 70-79, where
Appears in 4 contracts
Samples: Automatic Reinsurance Agreement (Metlife Investors Usa Separate Account A), Automatic Reinsurance Agreement (Metlife Investors Usa Separate Account A), Automatic Reinsurance Agreement (Metlife Investors Usa Separate Account A)
Death Benefits Ceded. GUARANTEED MINIMUM DEATH BENEFITS Guaranteed Minimum Death Benefits (GMDB) ---------------------------------------- o . Basic Death Benefit: Greater of Account Value, Return of Premium and Highest Fifth Anniversary Value. . Annual Step-Up Benefit for issue ages 0-79Benefit: Greater Maximum Anniversary Value to attained age 80; GMDB frozen thereafter. o . Greater of 5% Index and Annual Step-Up for issues ages 0-79Up: Greater maximum Anniversary Value to attained age 80 and 5% Rollup to attained age 80; GMDB frozen thereafter. Note: Withdrawals reduce the death benefit proportionately. EARNINGS PRESERVATION BENEFITS Earnings Preservation Benefits (EPB) ------------------------------------ o . Before the contract anniversary immediately prior to the owner's 81st birthday, the EPB is, 40% of (a) - (b) for issue ages 0-69 25% of (a) - (b) for issue ages 70-79, where
Appears in 2 contracts
Samples: Automatic Reinsurance Agreement (Metropolitan Life Separate Account E), Automatic Reinsurance Agreement (Metropolitan Life Separate Account E)
Death Benefits Ceded. GUARANTEED MINIMUM DEATH BENEFITS Guaranteed Minimum Death Benefits (GMDB) ---------------------------------------- o . Annual Step-Up Benefit for issue ages 0-79: Greater Maximum Anniversary Value to attained age 80; GMDB frozen thereafter. o . Greater of 5% Index and Annual Step-Up for issues ages 0-79: Greater maximum Anniversary Value to attained age 80 and 5% Rollup to attained age 80; GMDB frozen thereafter. Note: Withdrawals reduce the death benefit proportionately. EARNINGS PRESERVATION BENEFITS Earnings Preservation Benefits (EPB) ------------------------------------ o . Before the contract anniversary immediately prior to the owner's 81st birthday, the EPB is, 40% of (a) - (b) for issue ages 0-69 25% of (a) - (b) for issue ages 70-79, where
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (New England Variable Annuity Separate Account)
