Minimum Guarantees

12 Months Ended

Dec. 31, 2014

Insurance [Abstract]

Minimum Guarantees

Minimum Guarantees

The Company calculates additional reserve liabilities for GMDB. The following assumptions and methodology were used to determine GMDB additional reserves at December 31, 2014 and 2013.

Area	Assumptions/Basis for Assumptions
Data Used	Based on 1,050 investment performance scenarios
Mean Investment Performance	Investment performance modeled in 3 classes: Regular Equity - 10% Aggressive Equity - 12% Fixed, Bond, Money Market Fund: level 3%
Volatility	Volatility modeled in 3 classes: Regular Equity - 23% Aggressive Equity - 33% Fixed, Bond, Money Market Fund: None
Mortality	Based on the 1994 VA MGDB Mortality Table
Lapse Rates	Lapse Rates vary by duration and surrender charge
Discount Rates	5%

The separate account liabilities subject to the requirements for additional reserve liabilities for GMDB, net amount at risk, net of reinsurance, and the weighted average attained age of contract owners for GMDB at December 31, 2014 and 2013, were as follows:

	GMDB
December 31, 2014
Separate account liability	$	60,388
Net amount at risk, net of reinsurance	$	30,095
Weighted average attained age	69
December 31, 2013
Separate account liability	$	61,140
Net amount at risk, net of reinsurance	$	32,032
Weighted average attained age	69

The paid and incurred amounts for GMDB for the years ended December 31, 2014, 2013 and 2012 were as follows:

	Year Ended December 31,
	2014			2013			2012
Additional liability balance:
Balances, January 1,	$	5,993		$	6,928		$	7,954
Incurred guaranteed benefits	305			(135		)	(613		)
Paid guaranteed benefits	(732		)	(800		)	(413		)
Balances, December 31,	$	5,566		$	5,993		$	6,928

The aggregate fair value of equity securities supporting separate accounts with GMDB were $60,368 and $61,137 at December 31, 2014 and 2013, respectively.