New Jersey § 17B:25-25 Paid-up annuity benefit.

New Jersey Statutes

§ 17B:25-25 — Paid-up annuity benefit.

New Jersey § 17B:25-25

Title 17BINSURANCE

This text of New Jersey § 17B:25-25 (Paid-up annuity benefit.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17B:25-25 (2026).

Text

5.Any paid-up annuity benefit available under a 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. Present value shall be computed using the mortality table, if any, and the interest rates specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract. L.2005,c.194,s.5.

Free access — add to your briefcase to read the full text and ask questions with AI

5. Any paid-up annuity benefit available under a 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. Present value shall be computed using the mortality table, if any, and the interest rates specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract. L.2005,c.194,s.5.