Wyoming § 26-16-410 Calculating minimum annuity and life insurance
nonforfeiture benefits when included by rider or supplemental
contract provision

Wyoming Statutes

§ 26-16-410 — Calculating minimum annuity and life insurance nonforfeiture benefits when included by rider or supplemental contract provision

Wyoming § 26-16-410

Title 26Insurance Code

Ch. 16LIFE INSURANCE AND ANNUITY CONTRACTS

This text of Wyoming § 26-16-410 (Calculating minimum annuity and life insurance nonforfeiture benefits when included by rider or supplemental contract provision) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 26-16-410 (2026).

Text

For any contract which provides therein, by rider or
supplemental contract provision, both annuity benefits and life
insurance benefits that exceed the greater of cash surrender
benefits or a return of the gross considerations with interest,
the minimum nonforfeiture benefits shall be equal to the sum of
the minimum nonforfeiture benefits for the annuity portion and
the minimum nonforfeiture benefits, if any, for the life
insurance portion computed as if each portion were a separate
contract. Notwithstanding W.S. 26-16-405 through 26-16-409
additional benefits payable in case of total and permanent
disability, as reversionary annuity or deferred reversionary
annuity benefits or as other policy benefits additional to life
insurance, endowment and annuity benefits, and considerations
for all

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For any contract which provides therein, by rider or
supplemental contract provision, both annuity benefits and life
insurance benefits that exceed the greater of cash surrender
benefits or a return of the gross considerations with interest,
the minimum nonforfeiture benefits shall be equal to the sum of
the minimum nonforfeiture benefits for the annuity portion and
the minimum nonforfeiture benefits, if any, for the life
insurance portion computed as if each portion were a separate
contract. Notwithstanding W.S. 26-16-405 through 26-16-409
additional benefits payable in case of total and permanent
disability, as reversionary annuity or deferred reversionary
annuity benefits or as other policy benefits additional to life
insurance, endowment and annuity benefits, and considerations
for all those additional benefits, shall be disregarded in
ascertaining the minimum nonforfeiture amounts, paid-up annuity,
cash surrender and death benefits required by this article. The
inclusion of the additional benefits is not required in any
paid-up benefits, unless the additional benefits separately
would require minimum nonforfeiture amounts, paid-up annuity,
cash surrender and death benefits.