Indiana § 27-1-12.5-4 Paid-up benefits

Indiana Statutes

§ 27-1-12.5-4 — Paid-up benefits

Indiana § 27-1-12.5-4

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 12.5Nonforfeiture Provisions of Annuity Contracts

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Bluebook

Ind. Code § 27-1-12.5-4 (2026).

Text

Any paid-up annuity benefit available under
any annuity contract shall be such that its present value on the date
annuity payments are to commence is at least equal to the minimum
nonforfeiture amount on that date. Such present value shall be
computed using the mortality table, if any, and the interest rate
specified in the contract for determining the minimum paid-up annuity
benefits guaranteed in the contract.
As added by Acts 1977, P.L.286, SEC.1.

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Any paid-up annuity benefit available under
any annuity contract shall be such that its present value on the date
annuity payments are to commence is at least equal to the minimum
nonforfeiture amount on that date. Such present value shall be
computed using the mortality table, if any, and the interest rate
specified in the contract for determining the minimum paid-up annuity
benefits guaranteed in the contract.
As added by Acts 1977, P.L.286, SEC.1.