Any paid-up annuity benefit available under a 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. Such present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.
N.H. Rev. Stat. Ann. § 409-A:5
Computation of Annuity Benefit
Known as the Standard Nonforfeiture Law
The act spans §§ 409-A:1 to 409-A:9 (10 sections).
Source. 1979, 360:4, eff
Official source: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.