Nonforfeiture Values. 9 Participation......................................................... 9 Statements............................................................ 9
Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Payout Values will at least equal the minimum required by law. PARTICIPATION The Company is a mutual life insurance company. Therefore, it pays dividends on some of its contracts. However, the Company does not expect dividends to become payable on this Contract. At the end of each Contract Year the Company will determine the Contract's dividend, if any. The Owner may choose to have it: (1) added to the Contract Value; or (2) paid in cash. If no choice is made, any dividend will be added to the Contract Value.
Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Payout Values will at least equal the minimum required by law. This Contract is not participating and will pay no dividend.
Nonforfeiture Values. 8 PARTICIPATION ......................................................
Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Payout Values will at least equal the minimum required by law. PARTICIPATION The Company pays dividends on some of its contracts. However, the Company does not expect dividends to become payable on this Contract. At the end of each Contract Year the Company will determine the Contract's dividend, if any. The Owner may choose to have it: (1) added to Contract Value; or (2) paid in cash. If no choice is made, any dividend will be added to Contract Value. V6023D (1-98) -8- BP 602341 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) --------------------------------------------------------------------------------
Nonforfeiture Values. The Death Benefits, Withdrawal Values and Annuity Start Values will at least equal the minimum required by law. V 6020-1 D (R10-97) -8- BP 602BF1 -------------------------------------------------------------------------------- GENERAL PROVISIONS (Continued) -------------------------------------------------------------------------------- PARTICIPATION The Company is a mutual life insurance company. Therefore, it pays dividends on some of its contracts. The Company does not expect dividends to become payable on this Contract. At the end of each Contract Year the Company will determine the Contract's dividend, if any. The Owner may choose to have it: (1) added to the Contract Value, or (2) paid in cash. If no choice is made, any dividend will be added to the Contract Value.
Nonforfeiture Values. The nonforfeiture values for this contract are calculated by accumulating 87.5% of all premiums, less all withdrawals, at the nonforfeiture interest rate of [1.10%]. The minimum contract values provided under this Contract meet or exceed the required minimum nonforfeiture values. [Delivery State DOI] Phone Number: [Phone # of delivery state DOI] ICC10-INDEX-4-09R-7 VALUE OPTION SPECIFICATIONS FIXED VALUE OPTION Initial Premium: [0.00] Initial Interest Rate: [1.50%] Initial Interest Rate Guarantee Period: 1st Contract Year Minimum Guaranteed Interest Rate (FV-MGIR): 1.00% FV-MGIR Guarantee Period: Life of Contract INDEXED VALUE OPTIONS Cap Rate Guarantee Period: One Contract Year The above Indexed Value Specification limit applies to each Indexed Value Option listed below. ANNUAL POINT TO POINT VALUE OPTION Index: [Standard & Poor’s 500 Composite Stock Price Index] Initial Premium: [$10,000] Index on Contract Date: [800] Initial Cap Rate: [7%] Guaranteed Minimum Cap Rate: 4% MONTHLY POINT TO POINT (MPT) VALUE OPTION Index: [Standard & Poor’s 500 Composite Stock Price Index] Initial Premium: [$10,000] Index on Contract Date: [800] MPT Monthly Cap Rate: [3%] MPT Guaranteed Minimum Monthly Cap Rate: 1% Index Credits may not be reflected in Your Cash Surrender Value due to the calculation of the Minimum Guaranteed Surrender Value described on Page 10. Note: You may check current indices in the Wall Street Journal, in Xxxxxx’x, on the Internet, or with Your financial advisor. Index linked returns do not include the portion of returns generated by the underlying Index that comes from dividends. We can change Cap Rates once each Contract Year, subject to guaranteed minimums shown, and based on future anticipated experience. ICC10-INDEX-4-09R 3a
Nonforfeiture Values. The nonforfeiture values for this contract are calculated by accumulating 87.5% of all premiums, less all withdrawals, at the nonforfeiture interest rate of [1.10%]. The minimum contract values provided under this Contract meet or exceed the required minimum nonforfeiture values. [Delivery State DOI] Phone Number: [Phone # of delivery state DOI] ICC10-INDEX-4-09R-3 CONTRACT SPECIFICATIONS Contract Number: [123456] Contract Date: [January 1, 2010] Owner: [Xxxx Xxx] Annuitant: [Xxxx Xxx] Annuitant’s Issue Age: [35] Annuitant’s Sex: [M] Maturity Date: [January 1, 2089] Initial Premium: [$20,000] Planned Premium Mode: [Annual] Planned Premium Amount: [$4,000] Minimum Contract Value Allowed: $2,000 Minimum Guaranteed Interest Rate (MGIR): [1.5%]* Index used in MVA calculation: [The BofA Xxxxxxx Xxxxx 5-7 Year US Corporate Index (C3A0)] *Applies to Minimum Guaranteed Surrender Value only. Surrender Charge Period: 5 Contract Years Surrender Charge Percentage: Contract Year: 1 2 3 4 5 6+
Nonforfeiture Values. On the Income Date, the Contract will provide for a paid-up annuity benefit. Upon surrender of the contract on or before the Income Date, we will pay the Cash Surrender Value in lieu of a paid-up annuity benefit. The reserves and guaranteed values will at no time be less than the minimum required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities, model #805. SPECIMEN The benefits available under this Contract are not less than the minimum benefits required by the NAIC Standard Nonforfeiture Law for Individual Deferred Annuities, model #805.
Nonforfeiture Values. The Death Benefits, Surrender Values and Annuity Start Values will at least equal the minimum required by law. DIVIDENDS The Company is a mutual life insurance company. Consequently, it pays dividends on some of its contracts. However, the Company does not expect any dividends to become payable on this Contract. At the end of each Contract Year the Company will determine the Contract's dividend, if any. The Owner may choose to have it: (1) added to the Contract Value, or (2) paid in cash. If the Owner does not make a choice, it will be added to the Contract Value.
