GUARANTEED INTEREST FUND Clause Samples
GUARANTEED INTEREST FUND. Net Purchase Payments (see Section 4.2) and amounts transferred from other Investment Accounts under this contract (see Section 4.4) may be applied to the Guaranteed Interest Fund. Contract benefits placed under a variable payment plan may not be applied to the Guaranteed Interest Fund. Amounts applied to the Guaranteed Interest Fund become part of the general assets of the Company.
GUARANTEED INTEREST FUND. The Company may defer paying contract values of the Guaranteed Interest Fund for up to six months from the effective date of the withdrawal or full surrender. If payment is deferred for 30 days or more, interest will be paid on the withdrawal amounts at an annual effective rate of 3% from the effective date of the withdrawal or surrender to the date of the payment.
GUARANTEED INTEREST FUND. The portion of the contract that is credited with a guaranteed interest rate and which is held as part of the general assets of the Company.
GUARANTEED INTEREST FUND. Guaranteed Interest Fund . Accumulation Value . Transfer Restrictions . Maximum Guaranteed Interest Fund Accumulation Value . Table of Guaranteed Values SECTION 4. PURCHASE PAYMENTS, TRANSFERS, WITHDRAWALS
GUARANTEED INTEREST FUND. The portion of the contract that is credited with a guaranteed interest rate and which is held as part of the general assets of the Company. The Guaranteed Interest Fund may consist of a Class A Guaranteed Interest Fund and a Class B Guaranteed Interest Fund.
GUARANTEED INTEREST FUND o Guaranteed Interest Fund o Accumulation Value o Transfer Restrictions o Maximum Guaranteed Interest Fund Accumulation Value o Table of Guaranteed Values
GUARANTEED INTEREST FUND. TABLE OF GUARANTEED VALUES The table shows minimum guaranteed values and assumes a $1,000 Purchase Payment made at the time of issue and annually thereafter on each contract anniversary. The values are based on the assumption that 100% of all net Purchase Payments are allocated to, and remain in, the Guaranteed Interest Fund.
GUARANTEED INTEREST FUND. TABLE OF GUARANTEED VALUES The table shows minimum guaranteed values and assumes a $10,000 Purchase Payment made at the time of issue followed by subsequent $1,000 Purchase Payments made annually thereafter on each contract anniversary. The values are based on the assumption that 100% of all net Purchase Payments are allocated to, and remain in, the Guaranteed Interest Fund. End of Contract Accumulation Cash Year October 1, Value Value 1 1996 $ 9,888 $9,888 2 1997 11,143 11,143 3 1998 12,435 12,435 4 1999 13,766 13,766 5 2000 15,137 15,137 6 2001 16,549 16,549 7 2002 18,003 18,003 8 2003 19,501 19,501 9 2004 21,044 21,044 10 2005 22,633 22,633 11 2006 24,270 24,270 12 2007 25,956 25,956 13 2008 27,692 27,692 14 2009 29,481 29,481 15 2010 31,323 31,323 16 2011 33,221 33,221 17 2012 35,176 35,176 18 2013 37,189 37,189 19 2014 39,262 39,262 20 2015 41,398 41,398 Age 60 2020 53,108 53,108 Age 65 2025 66,817 66,817 This table is based on the guaranteed annual interest rate of 3%. Higher declared rates of interest will increase values. Values shown at the end of contract years do not reflect any Purchase Payments paid on that contract anniversary. The actual guaranteed values may differ from those shown above, depending on the amount and frequency of Purchase Payments.
GUARANTEED INTEREST FUND