Variable Annuity Business definition

Variable Annuity Business means annuity contracts which provide contractholders with the opportunity to participate in stock market appreciation on a tax-deferred basis, often with guarantees which reduce the risk of market downturns. Variable Annuity Business shall exclude GMWB Riders and Non-GMWB Riders but shall include VA Annuitization Business.
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Variable Annuity Business means insurance business under a policy or contract which provides that the annuity benefits payable to the policyholder are to be determined wholly or partly -
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Examples of Variable Annuity Business in a sentence

  • The use of modern materials will be evaluated on case by case basis.

  • For each of the contracts comprising the Variable Annuity Business, the amount to be invested on a variable basis or otherwise held in the related Separate Accounts in accordance with the terms of the contracts shall be held by the Ceding Company in the Separate Accounts, and all Premiums with respect to such variable portion of the contracts shall be deposited in the Separate Accounts to the extent required by such contracts.

  • The Per Contract Expense Allowance applies to Structured Settlement Business, Terminal Funding Business and Variable Annuity Business (including VA Annuitization Business).

  • For each of the contracts comprising the Variable Annuity Business, the amount to be invested on a variable basis or otherwise held in the related Separate Accounts in accordance with the terms of the contracts shall be held by the Ceding Company in the Separate Accounts, and all Premiums with respect to such Xxxxxxx Resolution Life and Annuity Insurance Company and TR Re, Ltd.

  • The Per Contract Expense Allowance applies to Structured Settlement Business and Variable Annuity Business (including VA Annuitization Business).

  • He joined the firm in May 2002, and was responsible for Investment Trust Business and Variable Annuity Business as Head of Fund Business Development Division / Head of VA Business Division until he assumed the CEO position in 2011.

  • Trailing commissions are payable in an amount equal to .05% of accumulation values in excess of $5 million, as of the end of each calendar quarter (.20% annually), held under MegAnnuity contracts included in your Variable Annuity Business.

  • Trailing commissions are payable in an amount equal to .05% of accumulation values in excess of $5 million, as of the end of each calendar quarter (.20% annually), held under MegAnnuity contracts included in your agents' Variable Annuity Business.

  • UHS is in the top 10 centres for trauma care with > 3 additional survivors per 100 patients treated.

  • Another commenter expressed concern that the1.8 percent increase would not cover the2 percent decrease in reimbursement that would be imposed should sequestration be required in 2019.Response: The hospice paymentupdate percentage and the application of the MFP are required by statute, as previously described in detail in this section, and we do not have regulatory authority to alter the update.

Related to Variable Annuity Business

  • 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.

  • 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 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.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

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

  • 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.

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • Annuity Contract means a contract under which the issuer agrees to make payments for a period of time determined in whole or in part by reference to the life expectancy of one or more individuals. The term also includes a contract that is considered to be an Annuity Contract in accordance with the law, regulation, or practice of the jurisdiction in which the contract was issued, and under which the issuer agrees to make payments for a term of years.

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Traditional IRA Means an individual retirement account as defined in Code Section 408(a).

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.