Kan. Stat. § 40-4,105
Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Any paid-up annuity benefit available under an 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. Present value shall be computed using the mortality table, if any, and the interest rates specified in the annuity contract for determining the minimum paid-up annuity benefits guaranteed in such annuity contract.
K.S.A. 40-4,105