GMDB TYPES definition

GMDB TYPES. One year ratchet to age 80 CONTRACT TYPE Share of Risk Retirement Plus 100.00 % No other options available ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ACE Tempest GMDB 30 Monthly Reporting Data Requirements (prepared by CEDING COMPANY) ACTIVE CONTRACTS and those terminating during the month only: Insured Life (annuitant) SSN Contract Identifier Insured Life Indicator (Annuitant, Owner, or Other) Insured Life Attained Age Insured Life Sex Second Life Attained Age (if joint contract) Second Life Sex (if joint contract) Issue Date Qualified Status Contract Type Initial Retail Premium Cumulative Retail Premium Cumulative Withdrawals Account value by subaccount GMDB Type GMDB Amount Termination Date Termination Reason (surrender, death, annuitization) Optional benefit indicators Quarterly Reporting Requirements (prepared by REINSURER) GAAP Surplus position Standard and Poor’s Ratings GMDB Annual Seriatim Claim Reporting (prepared by CEDING COMPANY) This includes Monthly Reporting Data Requirements as of the Date of Notification (the date that death related paperwork is submitted in full), plus the following: Date of Notification Date of Death GMDB Amount GMDB CLAIM Monthly Statement of Account (prepared by CEDING COMPANY) (prepared for each CONTRACT TYPE and GMDB TYPE combination and in aggregate)
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GMDB TYPES. One year ratchet to age 80 CONTRACT TYPE Share of Risk Retirement Plus 100.00 % No other options available ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ACE Tempest GMDB 30 Reporting Format and Data Requirements Insured Life (annuitant) SSN Contract Identifier Insured Life Indicator (Annuitant, Owner, or Other) Insured Life Attained Age Insured Life Sex Second Life Attained Age (if joint contract) Second Life Sex (if joint contract) Issue Date Qualified Status Contract Type Initial Retail Premium Cumulative Retail Premium Cumulative Withdrawals Account value by subaccount GMDB Type GMDB Amount Termination Date Termination Reason (surrender, death, annuitization) Optional benefit indicators GAAP Surplus position Standard and Poor’s Ratings This includes Monthly Reporting Data Requirements as of the Date of Notification (the date that death related paperwork is submitted in full), plus the following: Date of Notification Date of Death GMDB Amount GMDB CLAIM (prepared for each CONTRACT TYPE and GMDB TYPE combination and in aggregate)
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Examples of GMDB TYPES in a sentence

  • MONTHLY REINSURANCE PREMIUM means the sum, for all CONTRACT TYPES and GMDB TYPES, of the MONTHLY REINSURANCE PREMIUM RATE times the MONTHLY REINSURANCE PREMIUM BASE, calculated on each MONTHLY VALUATION DATE.

  • MLLICNY & ACE Tempest GMDB 22 CONTRACT TYPES and GMDB TYPES Subject to this Reinsurance Agreement Form Number* Policy Description MLNY-VA-002 Retirement Plus GMDB TYPES 1 year ratchet to age 80 * Includes any state specific variation of the above-described forms as of the EFFECTIVE DATE and any subsequent state specific variation, if such subsequent state specific variation does not have any impact on the risk assumed by the REINSURER.

  • GMDB TYPE 6 (MODIFIED MAV ON "2003 GENERATION" CONTRACT FORMS -- MAV TO AGE 70, APB THEREAFTER-ISSUE AGES: 0-70) HL-VAMAV703 LA-VAMAV703 HL-VAPLUSMAV703 LA-VAPLUSMAV703 HL-VALPB03-1 LA-VALPB03-1 HL-V▇▇▇▇▇▇▇▇▇▇-▇ ▇▇-▇▇▇▇▇▇▇▇▇03-1 SCHEDULE B LISTING AND DESCRIPTIONS OF GMDB TYPES GMDB TYPE 1 (EPB/MAV ON "CURRENT" CONTRACT FORMS) GMDB Type 1 coverage applies to "Current" contract forms (as described in Schedule A) in which contractholders have elected an optional Earnings Protection Benefit rider.