| The property represents the calculated total "actuarial present value" of additional benefits in excess of the account value provided under this annuity as of December 31 of the last calendar year based on the RMDTaxYear. For example, if the RMDTaxYear is 2020, the RMDActuarialPresentValue is the value from 12-31-2019. This value is used within the Required Minimum Distribution calculation on annuities beginning January 1, 2006. This value may or may not be included in RMDBasisValue, based upon the characteristics of the contract and the IRC regulations. In some situations, the actuarial present value doesn't need to be calculated for the RMD value to be determined. If the actuarial present value doesn't apply, hasn't yet been calculated or didn't need to be calculated, then do not pass this property. |