Risk Charge Clause Samples

Risk Charge. The expense and risk charge for 1996 will be 3.00% of the absolute value of the quantity EAB minus EAA as of December 31, 1996. Thereafter, the expense and risk charge percentage shall be .75% per quarter for calendar years 1997 and thereafter. The expense and risk charge shall equal the expense and risk charge percentage times the absolute value of the quantity EAB minus EAA as of the end of the period, but not less than $3,000 per quarter.

Risk Charge. On a quarterly basis, with respect to each Index-Linked Deferred Annuity Policy, the Ceding Company shall be permitted in accordance with the applicable Plan of Operations to withdraw from the applicable Separate Account a risk charge fee in an amount equal to (a) thirty (30) basis points per annum multiplied by (b) the Statutory Reserves in respect of the applicable Index-Linked Deferred Annuity Policies (the “Risk Charge”). Each Risk Charge shall be withdrawn by the Ceding Company from the applicable Separate Account on a quarterly basis; provided, that the Quota Share of each Risk Charge may be withdrawn from the applicable Separate Account and transferred to the Reinsurer.

Risk Charge. In calculating unit values, We will deduct a mortality and expense risk charge daily from each variable subaccount which is equal, on an annual basis, to a percentage of the daily net asset value. This percentage is the Annual Mortality and Expense Risk Fee. The deduction is made to compensate Us for assuming the mortality and expense risks under contracts of this type. The Annual Mortality and Expense Risk Fee is equal to the Base M&E Risk Fee plus any fees for certain optional riders. Your Initial Base M&E Risk Fee and Initial Annual M&E Risk Fee is shown under Contract Data. The Base M&E Risk Fee on any Day is based on Your age band and Your size band. The Table of Base M&E Risk Fees, including the age bands and the size bands, is shown under Contract Data. At issue, Your age band is based on Your age as of the Application Date as shown under Contract Data. Your age band will not change for the life of the contract unless there is a “covered life change”. If there is a “covered life change”, Your age band will be reset on that date based on the Attained Age of the Owner.

Risk Charge. The risk charge compensates the Company for its assumption of certain mortality and expense risks. This charge is described in Section 5.1 d(c).

Risk Charge. The risk charge compensates FGWL&A for its assumption of certain mortality and expense risks. The Mortality and Expense Charge is reflected in the unit values of each of the Sub-Accounts selected. As a result, this charge will continue to be applicable to any variable annuity payout option or periodic withdrawal option. This charge is described above in the Net Investment Factor Provision and the maximum Mortality and Expense Charge for the Death Benefit Option elected is shown on the Contract Data Page.

Risk Charge. The Risk charge shall be as defined in SCHEDULE E.

Risk Charge. The risk charge compensates the Company for its assumption of certain mortality and expense risks. This charge is described above in Section 5.4 (c). The Company's current schedule at the time of issue of the Contract is shown in the attached Risk Charge Schedule. The Company has the right to prospectively adjust the schedule subject to compliance with applicable law.

Risk Charge. ‌ Each Settlement Period, the Reinsurer will retain, pursuant to the Settlement Procedures, a “Risk Charge” to be calculated with respect to each Settlement Period equal to the Risk Charge Rate times the Unearned Expense Allowance as of the end of such Settlement Period. The Risk Charge will be deducted from the Experience Refund, if any. Any settlement amount due a Party as a result of the reconciliation calculation shall be included in the Settlement Amount for the Settlement Period immediately subsequent to the calculation. If the reconciliation calculation occurs in the final Settlement Period, then the reconciliation settlement shall be due upon the later of five (5) Business Days from the Termination Date or the reconciliation calculation. If the Experience Refund is eliminated in accordance with Article VIII - Article VIII - Experience Refund, subsequent Risk Charges will no longer be calculated or payable.

Risk Charge. The REINSURED shall pay to the REINSURER a Risk Charge at the end of each calendar quarter. The Risk Charge is equal to the greater of a.)$30,000 and b.) 25% (0.25) times the product of (i) 0.0024 and (ii) Annualized Premium. The term “