Additional Standards for Guaranteed Minimum Death Benefits for Individual Deferred Variable Annuities
Docket Status: Open written comment period
Subject Matter:
Purpose of Proposed New Rules: The purpose of this amendment is to amend the Additional Standards for Guaranteed Minimum Death Benefits for Individual Deferred Variable Annuities to apply to guaranteed minimum death benefits (GMDB) that are built into individual deferred variable annuity contracts, individual deferred indexed linked variable annuity contracts or added to such contracts by rider, endorsement or amendment. The GMDB feature provides for a minimum guarantee under specified conditions for the contract death benefit.
Effective Date:
Hearing Date:
Comments Due:
Documents Under Review:
Additional Information:
Published Notices of Standards: Citation of Notice published on March 20, 2024
Committee Memoranda and Recommendations: