Joint Annuitant Issue Age definition

Joint Annuitant Issue Age. [35] Initial Premium: [$25,000] Issue Date: [January 1, 2017] Issue State: New York Income Date: [January 1, 2077] Beneficiary(ies): [Xxxxx Xxx]
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Joint Annuitant Issue Age. [35] Initial Premium: [$50,000] Issue Date: [July 1, 2021] Issue State: NY Income Date: [July 1, 2081] Primary Beneficiary(ies): [Xxxxx Xxx] Contingent Beneficiary(ies): [Xxxx Xxx] VA730NY-FB1 3b CONTRACT DATA PAGES (CONT'D) FIXED ACCOUNT, INTEREST RATE AND CONTRACT CHARGE INFORMATION: Initial Fixed Account Minimum Interest Rate (FAMIR): [1.00%] The Company will re-determine the FAMIR each January on the Redetermination Date. The FAMIR is the guaranteed minimum interest rate under the Contract and may change each year on the Redetermination Date. [The FAMIR on each Redetermination Date will be equal to: 1. the average of all the daily reported five-year Constant Maturity Treasury Rates during October of the year then ended, rounded to the nearest 1/20th of one (1) percent; 2. less 1.25 percentage points; 3. but never less than 1.00% or greater than 3.00%] Initial Base Interest Rate: [X.XX% for the 1-Year Fixed Account Option Period X.XX% for the 3-Year Fixed Account Option Period X.XX% for the 5-Year Fixed Account Option Period X.XX% for the 7-Year Fixed Account Option Period] Initial Current Interest Rate: [X.XX% for the 1-Year Fixed Account Option Period X.XX% for the 3-Year Fixed Account Option Period X.XX% for the 5-Year Fixed Account Option Period X.XX% for the 7-Year Fixed Account Option Period] Initial Current DCA+ Interest Rate: [6-month [X.XX%] [NOT CURRENTLY AVAILABLE] [12-month [X.XX%] [NOT CURRENTLY AVAILABLE] ONE OR BOTH OF THE DCA+ FIXED ACCOUNT OPTIONS MAY NOT BE AVAILABLE ON THE ISSUE DATE. AVAILABILITY IS INDICATED ABOVE. Maximum DCA+ Rate: [8.00%] over the net investment earnings rate. Interest Rate for Adjustments Due to Misstatement of Age or Sex: [1.00%] Annual Contract Maintenance Charge: [$30] The Company will deduct the Annual Contract Maintenance Charge from the Contract Value on each Contract Anniversary that occurs on or before the Income Date or when You withdraw the Contract Value in full on a date other than a Contract Anniversary. The Company will only deduct the Annual Contract Maintenance Charge from Contracts with a Contract Value less than [$50,000]. Core Contract Charge: [0.4000%] The Core Contract Charge is expressed as an annual percentage of the average daily Separate Account Contract Value. The Company will reduce the Core Contract Charge to [0.3500%] if the Contract Value on the later of the Issue Date or the most recent Contract Quarterly Anniversary is greater than or equal to [$1,000,000]. If the Contract Value s...
Sample 1
Joint Annuitant Issue Age. [35] Initial Premium: [$25,000] Issue Date: [September 1, 2019] Issue State: [Michigan] Income Date: [September 1, 2079] Primary Beneficiary(ies): [Xxxxx Xxx] Contingent Beneficiary(ies): [Xxxx Xxx] ICC18 VA775-RLC 3a
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Examples of Joint Annuitant Issue Age in a sentence

  • Smith Annuitant Issue Age: 56 Joint Annuitant Issue Age: 55 First Payment Date: March 14, 1999 Payment Frequency: Monthly SCHEDULE OF BENEFITS Joint and Full Survivor Annuity: Annuity payments begin on the First Payment Date and will continue for the lives of the Annuitant and Joint Annuitant.

  • Smith Annuitant Issue Age: 56 Joint Annuitant Issue Age: 55 First Payment Date: March 14, 1999 Payment Frequency: Monthly SCHEDULE OF BENEFITS Joint and 66 2/3 Survivor Annuity: Annuity payments begin on the First Payment Date and will continue for the lives of the Annuitant and Joint Annuitant.


More Definitions of Joint Annuitant Issue Age

Joint Annuitant Issue Age. [35] Initial Premium: [$25,000] Issue Date: [February 1, 2019] Issue State: [Michigan] Income Date: [February 1, 2079] Primary Beneficiary(ies): [Xxxxx Xxx] Contingent Beneficiary(ies): [Xxxx Xxx] ICC18 VA785-FB1 3a CONTRACT DATA PAGES (CONT'D) CONTRACT CHARGES: Monthly Contract Charge: [$20] A monthly charge will be deducted on a pro-rata basis from the Investment Division(s) on each Contract Monthly Anniversary. Transfer Charge: [$25] The Company allows [25] free transfers between Investment Divisions in a Contract Year. The Company charges a fee for each transfer You make in excess of the [25] free transfers in any Contract Year. The Company deducts Transfer Charges from the amount You seek to transfer before allocation to the new Investment Division. The Company does not assess Transfer Charges on transfers under any of the Company's systematic investment programs, and the Company does not count those transfers against the [25] free transfers allowed in a Contract Year. Free transfers not utilized during a given Contract Year cannot be carried forward to subsequent Contract Years. Interest Rate for Adjustments Due to Misstatement of Age or Sex: [1.00%] WITHDRAWALS: Minimum partial withdrawal amount unless as a scheduled part of a systematic withdrawal program: [$500] Minimum partial withdrawal amount as a scheduled part of a systematic withdrawal program: [$50] Minimum Contract Value remaining after a partial withdrawal: [$2,000] TRANSFERS: Transfer among Investment Divisions. At any time, You may transfer all or a portion of Your Contract Value in any Investment Division to any available Investment Division(s). Transfer Effective Date: Transfers You request will be effective as of the end of the Business Day upon which the Company receives Your transfer request in Good Order at the Company's Service Center. Additional details on transfer restrictions are outlined in the Transfer of Funds Restrictions section of the General Provisions. ICC18 VA785-FB1 3b
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Joint Annuitant Issue Age. 35 Initial Premium: $5,000 Issue Date: May 1, 2020 Issue State: MI Income Date: May 1, 2080 Primary Beneficiary(ies): Xxxxx Xxx Contingent Beneficiary(ies): Xxxx Xxx ICC19 VA680-CB1 3a
Sample 1
Joint Annuitant Issue Age. [35] Initial Premium: [$25,000] Issue Date: [January 1, 2017] Issue State: [Michigan] Income Date: [January 1, 2077] Beneficiary(ies): [Xxxxx Xxx] ICC16 VA780-FB1 3c CONTRACT DATA PAGES (CONT'D) Transfer/Transfer Charge: Prior to and after the Income Date, You may transfer all or a portion of Your Separate Account Contract Value in one (1) Investment Division to any available Investment Divisions. A fee of [$25.00] is charged for each transfer in excess of [15] in any Contract Year. Any Transfer Charge is deducted from the amount transferred prior to the allocation to the new Investment Division. Transfer Charges will not be applied to transfers due to dollar cost averaging or other systematic investment programs provided by the Company, nor will these transfers count against the [15] free transfers allowed in a Contract Year. Transfers not exercised during a given Contract Year are not accumulated and used in subsequent Contract Years. A transfer will be effective as of the end of the Business Day when the Company receives a transfer request in Good Order. If a transfer request is received but is not in Good Order, the transfer will be effective as of the end of the Business Day on which the request is put in Good Order. Asset allocation service providers must comply with the Company's administrative systems, rules, and procedures. The Company will not be liable for a transfer made in accordance with the Owner's instructions. Premium(s): Premiums are flexible. This means that the Owner may change the amounts, frequency or timing of Premiums, subject to the minimum and maximum Premium amounts and the Company's reserved rights specified below. The initial Premium must be at least [$25,000] for Non-Qualified Plan Contracts and [$25,000] for Qualified Plan Contracts. Subsequent Premiums must be at least [$500] ([$50] if made in connection with an automatic payment plan). Total Premiums under a Contract may not exceed [$2,500,000], or such lesser amount established by the Company pursuant to the reserved rights specified below. The Company may waive the minimums or maximums at any time on a nondiscriminatory basis. The Company reserves the right to limit, restrict, suspend or reject any or all subsequent Premium payments and to limit the amount, frequency or timing of Premium payments at any time on a nondiscriminatory basis. Written Notice will be sent to You at least thirty (30) days in advance of any limitation, restriction, or suspension placed on subseque...
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Related to Joint Annuitant Issue Age

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Contingent Annuitant is the natural person who becomes the Annuitant if the Annuitant dies prior to the Income Date.

  • Joint and Survivor Annuity means an immediate annuity for the life of a Participant with a survivor annuity for the life of the Participant's Spouse which is not less than fifty percent (50%), nor more than one hundred percent (100%) of the amount of the annuity payable during the joint lives of the Participant and the Participant's Spouse which can be purchased with the Participant's Vested interest in the Plan reduced by any outstanding loan balances pursuant to Section 7.4.

  • ANNUITY DATE The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY OPTIONS: Options available for Annuity Payments.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Qualified Joint and Survivor Annuity means an immediate annuity for the life of the Participant with a survivor annuity for the life of the Spouse which is fifty percent (50%) of the amount of the annuity which is payable during the joint lives of the Participant and the Spouse and which is the amount of benefit which can be purchased with the Participant's Vested Account Balance.

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • Annuity Starting Date means, with respect to any Participant, the first day of the first period for which an amount is paid as an annuity, or, in the case of a benefit not payable in the form of an annuity, the first day on which all events have occurred which entitles the Participant to such benefit.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Life expectancy means life expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9 of the Treasury regulations.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Group Annuity Contract means a master contract providing annuities to a group of persons under a single con- tract.

  • Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.