Ct . 1949 ) ( annuity contracts do not qualify for New York estate tax exemption applicable to insurance ); Commonwealth v . Metropolitan Life Ins.
32.
Metropolitan Life Insurance Co . said it will assume more than 24, 400 annuity contracts and life insurance policies from the failed National Heritage Life Insurance Co.
33.
The case Chin decided had its beginning in a 1941 decision by Sperry to buy an annuity contract that earned interest at 2.5 percent to 3.5 percent annually.
34.
The company was the fourth-largest U . S . writer of individual variable annuity contracts based on 1996 sales, according to the Variable Annuity Research & Data Service.
35.
NGL also acquired 35, 900 life insurance policies with about $ 115 million of policy reserves from Trustmark Insurance Company and begin to administer 5, 100 annuity contracts.
36.
Metropolitan Life, the second-largest U . S . life insurer, said it will take over 20, 595 annuity contracts and 3, 888 policies retroactively to Jan . 1, 1996.
37.
The company was the fourth-largest U . S . writer of individual variable annuity contracts based on 1996 sales, according to the Variable Annuity Research & AMP; Data Service.
38.
The first type is a guaranteed minimum death benefit ( GMDB ), which can be received only if the owner of the annuity contract, or the covered annuitant, dies.
39.
Annuity contracts are protected against insurance company insolvency up to a specific dollar limit, often $ 100, 000, but as high as $ 500, 000 in New York New Jersey.
40.
Under one such arrangement, Morgan Stanley, Dean Witter Discover & Co . is selling Hartford's variable annuity contracts via Dean Witter brokers and offering Dean Witter's Inter-Capital funds as investment options.
