N.H. Admin. Code Ins, ch. Ins 300, pt. Ins 312, app II
MVA-adjusted Cash Surrender Values (CSVs) Under Sample Scenarios
The graphs below show MVA-adjusted Cash Surrender Values (CSVs) during the first five years of the contract, as illustrated on page 2 of the Annuity Illustration example ($100,000 single premium, a 5-year MVA Period) under two sample scenarios, as described below.
Graph #1 shows if the interest rate on new contracts is 3% LOWER than you Initial Guaranteed Interest Rate, the MVA will increase the amount you receive (upper line). The lower line shows the Cash Surrender Values if the Initial Guaranteed Interest Rates continue (From Column 9 on Page 2 of the Annuity Illustration example).
Graph #2 shows if the interest rate on new contracts is 3% HIGHER than your Initial Guaranteed Interest Rate, the MVA will decrease the amount you receive, but not below the minimum set by law (Column 6 on Page 2 of the Annuity Illustration example), which, in this scenario, limits the decrease for the first 2 years (lower line). The upper line shows the Cash Surrender Values if the Initial Guaranteed Interest Rates continue (from column 9 on Page 2 of the Annuity Illustration example).
These graphs and the sample guaranteed interest rates on new contracts used are for demonstration purposes only and are not intended to be a projection of how guaranteed interest rates on new contracts are likely to behave.
N.H. Admin. Code Ins, ch. Ins 300, pt. Ins 312, app II
The amended version of this appendix by New Hampshire Register Volume 39, Number 19, eff. 6/6/2019 is not yet available.