WITHDRAWAL PROGRAM Sample Clauses
The WITHDRAWAL PROGRAM clause establishes the terms and procedures under which a party may withdraw from a specific agreement, plan, or arrangement. Typically, this clause outlines the steps required to initiate withdrawal, such as providing written notice within a specified timeframe, and may detail any financial or administrative consequences of withdrawal, like forfeiture of benefits or repayment obligations. Its core practical function is to provide a clear, structured process for parties wishing to exit the arrangement, thereby reducing uncertainty and potential disputes regarding withdrawal rights and obligations.
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ---------------------------------- ----------------------- ------------------- Guaranteed Withdrawal Benefit All Products 50.00 Principal Guarantee Value All Applicable Products 25.00 Lifetime GWB - Single Life Version All Products 50.00 Lifetime GWB - Joint Life Version All Products 70.00 This Amendment No. 3 does not alter, amend or modify the Agreement other than as set forth herein, and the terms and conditions of the Agreement, as amended herein, continue in effect without other change. In Witness whereof, the parties have caused this Amendment No. 3 to be signed in duplicate counterparts as of the date first above written. METLIFE INVESTORS INSURANCE COMPANY By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ -------------------------------- Title: Executive Vice President -------------------------------- EXETER REASSURANCE COMPANY, LTD. By: /s/ RBB -------------------------------- Title: President -------------------------------- SCHEDULE A PLANS OF REINSURANCE
A. Reinsurer's Percentage: Prior to July 1, 2004, 25% of the business described herein. Effective, July 1, 2004, 100% of the business described herein.
B. Effective Date: April, 2001
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------------- ---------------- ------------------- Guaranteed Withdrawal All Products 50.00 Benefit Lifetime GWB - Single All Products 50.00 Life Version Lifetime GWB - Joint Life All Products 70.00 Version
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM (BASIS WITHDRAWAL PROGRAM PRODUCTS COVERED POINTS) ------------------- ---------------- ---------------- Guaranteed Withdrawal Benefit All Products sold before July 50.00 16, 2007 Guaranteed Withdrawal Benefit All Products sold on or after July 55.00 16, 2007 Lifetime GWB - Single Life Version All Products 50.00 Lifetime GWB - Joint Life Version All Products 70.00
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------------------ -------------------------------------------------- -------------------- Guaranteed Withdrawal Benefit All Products sold before July 16, 2007 50.00 Guaranteed Withdrawal Benefit All Products sold on or after July 16, 2007 55.00 Principal Guarantee All Products 50.00 Principal Guarantee Value All Products 25.00 Lifetime GWB - Single Life All Products, except Marquis Portfolio and 50 Version PrimElite IV, for which the contract's GWB Benefit Base is not increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Single Life All Products, except Marquis Portfolio and 80 Version PrimElite IV, for which the contract's GWB Benefit Base is increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Single Life PrimElite IV sold before May 4, 2009, for which 65 Version the contract's GWB Benefit Base is not increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Single Life PrimElite IV sold before May 4, 2009, for which 95 Version the contract's GWB Benefit Base is increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Single Life PrimElite IV sold on or after May 4, 2009 and 110 Version before July 15, 2011 Lifetime GWB - Single Life PrimElite IV sold on or after July 15, 2011 140 Version Lifetime GWB - Single Life Marquis Portfolios, for which the contract's GWB 70 Version Benefit Base is not increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Single Life Marquis Portfolios, for which 100 Version the contract's GWB Benefit Base is increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Joint Life All Products, except Marquis Portfolio and 70 Version PrimElite IV, for which the contract's GWB Benefit Base is not increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. Lifetime GWB - Joint Life All Products, except Marquis Portfolio and 105 Version PrimElite IV, for which the contract's GWB Benefit Base is increased due to an Annual Step-Up on a contract anniversary occurring on July 1, 2012 or later. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ---------------------------...
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ------------------ ---------------- ------------------- Guaranteed Withdrawal Benefit All Products 50.00 Lifetime GWB - Single Life Version All Products 50.00 Lifetime GWB - Joint Life Version All Products 70.00 This Amendment No. 3 does not alter, amend or modify the Agreement other than as set forth herein, and the terms and conditions of the Agreement, as amended herein, continue in effect without other change. In Witness whereof, the parties have caused this Amendment No. 3 to be signed in duplicate counterparts as of the date first above written. NEW ENGLAND LIFE INSURANCE COMPANY By: /s/ [Illegible Signature] ------------------------------------ Title: VP EXETER REASSURANCE COMPANY, LTD. By: /s/ RBB ------------------------------------ Title: President SCHEDULE A PLANS OF REINSURANCE
A. Reinsurer's Percentage: Prior to July 1, 2004, 25% of the business described herein. Effective, July 1, 2004, 100% of the business described herein.
B. Effective Date: April1, 2001
C. Reinsured Contracts: NEW ENGLAND LIFE INSURANCE COMPANY DEFERRED ANNUITY CONTRACTS -------------------------- American Forerunner Series Variable Annuity - All share classes. FORM NUMBERS ------------ Guaranteed Minimum Death Benefits Ceded: ---------------------------------------- Standard Death Benefit - Principal Protection: Form NEL-530 (05/01) Optional Death Benefit - Annual Step-Up: Form NEL-550 (05/01) Optional Death Benefit - Greater of Annual Step-Up and 5% Rollup: Form NEL-540(05/01) Additional Death Benefit - Earnings Preservation Benefit (EPB):NEL-570 (05/01) Guaranteed Minimum Income Benefits Ceded: ----------------------------------------- Guaranteed Minimum Income Benefit Form NEL-560 (05/01) Guaranteed Minimum Income Benefit II Form NEL-560-1 (03/03) Guaranteed Minimum Income Benefit Plus: Form NEL-560-2 (05/05) Guaranteed Withdrawal Benefits Ceded: ------------------------------------- Guaranteed Withdrawal Benefit: Form NEL-690-1 (7/04) Guaranteed Withdrawal Benefit: Form NEL-690-2 (11/05) Lifetime Guaranteed Withdrawal Benefit: Form NEL-690-3 (6/06) Guaranteed Minimum Income Benefits Ceded: ----------------------------------------- Guaranteed Minimum Accumulation Benefit: Form NEL-670-1 (11/05) AMENDMENT NO. 4 TO AUTOMATIC REINSURANCE AGREEMENT EFFECTIVE AS OF APRIL 1, 2001 AMENDED AND RESTATED AS OF JULY 1, 2004 (Agreement) between NEW ENGLAND LIFE INSURANCE COMPANY (Cedent) and EXETER REASSURANCE ...
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM INCOME PROGRAM CONTRACTS COVERED (BASIS POINTS) --------------------------- --------------------------------------- -------------- Guaranteed Withdrawal All Reinsured Contracts, except 55.00 Benefit Marquis Portfolios, PrimElite IV, S Series, Simple Solutions & MetLife Growth & Guaranteed Income Contracts
WITHDRAWAL PROGRAM. REINSURANCE PREMIUM WITHDRAWAL PROGRAM PRODUCTS COVERED (BASIS POINTS) ----------------------- ---------------- ------------------- Guaranteed Withdrawal All Products 50.00 Benefit