GUARANTEED DEATH BENEFIT Sample Clauses

GUARANTEED DEATH BENEFIT. On the Contract Date, the Guaranteed Death Benefit is the initial premium plus any Credit if applicable. On subsequent Valuation Dates, the guaranteed Death Benefit is calculated as follows:
AutoNDA by SimpleDocs
GUARANTEED DEATH BENEFIT. The Guaranteed Death Benefit for the Contract is equal to the sum of I and II below. I. The Guaranteed Death Benefit Base for non-Special Funds. II. The Accumulation Value allocated to Special Funds. On the Contract Date, the Guaranteed Death Benefit Base for non-Special Funds is the initial premium, if applicable, allocated to non-Special Funds. On subsequent Valuation Dates, the Guaranteed Death Benefit Base for non-Special Funds is calculated as follows:
GUARANTEED DEATH BENEFIT. The Guaranteed Death Benefit for the Contact is equal to the sum of I and II below.
GUARANTEED DEATH BENEFIT. The Guaranteed Death Benefit for the Contract is equal to the sum of I and II below.
GUARANTEED DEATH BENEFIT. The guaranteed death benefit amount for the total contract determined based on the death benefit option as defined in the applicable contracts as outlined in Schedule II.
GUARANTEED DEATH BENEFIT. On the Contract Date, the Guaranteed Death Benefit is equal to the premium paid. On subsequent Valuation Dates, the Guaranteed Death Benefit is calculated as shown in the Schedule. A Change of Owner will affect the Guaranteed Death Benefit, as shown in the Schedule. GA-IA-1007-04/95 CHOOSING AN INCOME PLAN - ----------------------------------------------------------------------------- ANNUITY BENEFITS If the Annuitant and Owner are living on the Annuity Commencement Date, we will begin making payments to the Owner. We will make these payments under the Annuity Option (or Options) as chosen in the application or as subsequently selected. You may choose or change an Annuity Option by making a written request at least 30 days prior to the Annuity Commencement Date. Unless you have chosen otherwise, Option 2 on a 10-year period certain basis will become effective. The amount of the payments will be determined by applying the Accumulation Value on the Annuity Commencement Date in accordance with the Annuity Options section below (See Payments We May Defer). See the Schedule for certain restrictions which may apply. Before we pay any Annuity Benefits, we require the return of this Contract. If this Contract has been lost, we require the applicable lost Contract form.
GUARANTEED DEATH BENEFIT. The Guaranteed Death Benefit for the Certificate is equal to the sum of I and II below.
AutoNDA by SimpleDocs
GUARANTEED DEATH BENEFIT. The Guaranteed Death Benefit for the Contact is equal to the sum of I and II below. I. The Guaranteed Death Benefit for non-Special Funds II. The Accumulation Value allocated to Special Funds On the Contract Date, the Guaranteed Death Benefit Base for non-Special Funds is the initial premium plus any Credit, if applicable, allocated to non-Special Funds. On subsequent Valuation Dates, the Guaranteed Death Benefit Base for non-Special Funds is calculated as follows: (1) Start with the Guaranteed Death Benefit Base for non-Special Funds on the prior Valuation Date. (2) Add to (1) any additional premium and any Credits allocated to the non-Special Funds during the current Valuation Period and adjustments for transfers from Special Funds during the current Valuation Period and subtract from (1) any adjustment for transfers to Special Funds during the current Valuation Period and any Prorata Partial Withdrawal Adjustments for any Partial Withdrawals taken from non-Special Funds during the current Valuation Period. (3) On a Valuation Date that occurs on or prior to the Owner's attained age [90], which is also a Contract Anniversary, we set the Guaranteed Death Benefit Base for non-Special equal to the greater of (2) or the Accumulation Value allocated to non-Special Funds as of such date. On all other Valuation Dates, the Guaranteed Death Benefit Base for non-Special Funds is equal to (2). 98 The Guaranteed Death Benefit Base for Special Funds has a corresponding definition, but with respect to amounts allocated to Special Funds. Transfers from Special Funds to non-Special Funds will reduce the Guaranteed Death Benefit Base for Special Funds on a prorata basis. The resulting increase in the Guaranteed Death Benefit Base for non-Special Funds will equal the lesser of the reduction in the Guaranteed Death Benefit Base for Special Funds and the net Accumulation Value transferred. Transfers from non-Special Funds to Special Funds will reduce the Guaranteed Death Benefit Base for non-Special Funds on a prorata basis. The resulting increase in the Guaranteed Death Benefit Base for Special Funds will equal the reduction in Guaranteed Death Benefit Base for non-Special Funds. SPECIAL FUNDS ------------- Where used in this Endorsement, Special Funds are [the Liquid Asset Division, the Limited Maturity Bond Division, the Fixed Allocations and the Guaranteed Interest Division]. We may add newly available divisions as Special Funds. We may also reclassify an existing divisi...
GUARANTEED DEATH BENEFIT. INTEREST RATE -------------------------------------- The Guaranteed Death Benefit Interest Rate is [7%] compounded annually, except:
GUARANTEED DEATH BENEFIT. The Guaranteed Death Benefit is equal to the sum of I, II and III below.
Time is Money Join Law Insider Premium to draft better contracts faster.