GMIB TYPE definition
Examples of GMIB TYPE in a sentence
REINSURED GMIB INCOME BASE means, for each ACTIVE CONTRACT, the contractually determined GMIB Benefit Base, subject to the CONTRACT TYPE and GMIB TYPE, times the REINSURER’s quota share of risk, as shown in Schedule G.
REINSURED GMIB BENEFIT BASE means, for each ACTIVE CONTRACT, the contractually determined Guaranteed Benefit Base value, subject to the CONTRACT TYPE and GMIB TYPE, times the REINSURER’s quota share of risk, as shown in Schedule F.
REINSURED GMIB INCOME BASE means, for each ACTIVE CONTRACT, the contractually determined Guaranteed Income Base value, subject to the CONTRACT TYPE and GMIB TYPE, times the REINSURER’s quota share of risk, as shown in Schedule F.
ANNUAL CLAIM LIMIT RATE means the value provided in Schedule E for each CONTRACT TYPE and GMIB TYPE combination.
SCHEDULE D QUARTERLY RE PREMIUM RATE by CONTRACT TYPE and GMIB TYPE The Premium rate for reinsurance, subject to the terms and conditions of this Agreement, are guaranteed while the reinsurance coverage is in effect.
CONTRACT TYPES: Perspective II, Perspective Focus GMIB TYPES: Form numbers 7344NY 03/03, 7365NY, 7365NY 03/03, and 7452NY ISSUE AGE RATE --------- ---- All [REDACTED] SCHEDULE F REINSURER Share of Risk by CONTRACT TYPE and GMIB TYPE For each ANNUITY CONTRACT with RETAIL ANNUITY PREMIUM no greater than [REDACTED], the REINSURER liability will be based on the share of risk from the tables below.
CONTRACT TYPES: Retirement Plus, ▇▇▇ Annuity GMIB TYPES: Guaranteed Minimum Income Benefit Rider No other options available ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ACE Tempest GMIB 28 CONTRACT TYPES: Retirement Plus, ▇▇▇ Annuity GMIB TYPES: Guaranteed Minimum Income Benefit Rider No other options available ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ACE Tempest GMIB 29 The FORMULA CLAIM LIMIT RATE is calculated for each ANNUITY CONTRACT on all MONTHLY VALUATION DATES prior to the ANNUITY CONTRACT’s eligibility to annuitize under the GMIB TYPE.
Guaranteed Five Year Fixed All but Advisors II and Perspective A Series 12 Month DCA All 6 Month DCA All Guaranteed One Year Fixed All but Advisors II Guaranteed Seven Year Fixed All but Advisors II and Perspective A Series Guaranteed Three Year Fixed All but Advisors II and Perspective A Series The QUARTERLY REINSURANCE PREMIUM RATE, subject to the terms and conditions of this Agreement, is shown in the table below for each GMIB TYPE.
ELIGIBLE ACTIVE CONTRACTS means ACTIVE CONTRACTS that are eligible to annuitize in accordance with the associated GMIB TYPE during any calendar year.