GUARANTEED INTEREST RATE. The effective annual rate of interest LNL guarantees to credit on assets in each Fixed Sub-account.
GUARANTEED INTEREST RATE. The term "Guaranteed Interest Rate" means the effective annual rate at which interest accrues on the amount in the Guaranteed Interest Division. The initial rate to apply is shown on Page 3 of this Contract. Section 2.03 describes determination of the rate to apply thereafter.
GUARANTEED INTEREST RATE. A Guaranteed Interest Rate is an effective annual rate of interest credited at its equivalent daily rate to amounts in the Guaranteed Interest Account as of the close of business daily. [
GUARANTEED INTEREST RATE. The minimum rate American Franklin may use to credit interest on an effective annual basis during any Guarantee Period. GUARANTEE PERIOD. The period for which a Guaranteed Interest Rate is credited. HOME OFFICE. The American Franklin Life Insurance Company, #0 Xxxxxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxxx 00000; 000-000-0000. INDIVIDUAL RETIREMENT ANNUITY. An annuity contract described in Section 408(b) of the Internal Revenue Code, which may also qualify under Section 408(k) or Section 408(p) of the Internal Revenue Code.
GUARANTEED INTEREST RATE. A Guaranteed Interest Rate is an effective annual rate of interest credited at its equivalent daily rate to amounts in the Guaranteed Interest Account as of the close of business daily. The establishment of the Guaranteed Interest Rate requires estimation of the future earnings rates, the rate at which existing investments mature, and future cashflow. MassMutual will establish a Guaranteed Interest Rate on a semi-annual basis (the “Rate Period”) for deposits received during a Rate Period. MassMutual will also establish an annual minimum interest rate (the “Minimum Annual Interest Rate”) for each year of the Agreement (the “Annual Rate Period”) and a minimum interest rate that will apply for the duration of the Agreement (the “Agreement Minimum Interest Rate”). The Guaranteed Interest Rate to be credited to the Guaranteed Interest Account during any Rate Period will be at a rate not less than the Minimum Annual Interest Rate in effect during such Annual Rate Period and the Minimum Annual Interest Rate in effect during any Annual Rate Period will not be less than the Agreement Minimum Interest Rate. The initial Guaranteed Interest Rate will be: 4.00% The initial Rate Period will be: November 17, 2015 to May 31, 2016 The duration of Rate Periods will be: 6 months Minimum Annual Interest Rate and Applicable Annual Rate Period for the Deferred Compensation 457 Plan and the FiCA Alternative Plan will be: Minimum Annual Interest Rate Annual Rate Period 4.00% November 17, 2015 to December 31, 2016 3.75% January 1, 2017 to December 31, 2017 3.25% January 1, 2018 to December 31, 2018 3.00% January 1, 2019 to December 31, 2019 2.75% January 1, 2020 to December 31, 2020 initial Minimum Annual Interest Rate 4.00% initial Annual Rate Period November 17, 2015 to December 31, 2016 The Agreement Minimum Interest Rate the six month average of the five-year constant maturity treasury rate as published by the Federal Reserve, less .75%, rounded to the nearest multiple of .05%, and subject to a maximum of 3.00% and a minimum of 1.00%. The six month average is determined over a period ending on the last Business Day of the preceding November if the Agreement’s initial Rate Period (as defined above) begins between January 1 and June 30, and the last Business Day of the preceding May if the Agreement’s initial Rate Period begins between July 1 and December 31. MassMutual will establish a Guaranteed Interest Account for deposits allocated to the Guaranteed Interest Account. MassMu...
GUARANTEED INTEREST RATE. The interest rate that we will credit a Sub-Account for a specified Guarantee Period.
GUARANTEED INTEREST RATE. There is a guaranteed interest rate; Aetna may add interest daily at any higher rate (see Guaranteed Interest Rate - General Account provision in the Deposit, Reserve, and Surrender Provisions). Surrender Fee - There will be a surrender fee deducted for early surrender (see Surrender Value provision in the Deposit, Reserve, and Surrender Provisions).
GUARANTEED INTEREST RATE. The Guaranteed Interest Rate is the effective annual interest rate established by us for an Initial or Renewal Guarantee Period. This rate may change from time to time for Guarantee Periods elected at different dates. We will declare a Guaranteed Interest Rate with respect to each amount allocated or transferred to a Guarantee Period. Unless otherwise stated in this Certificate, the Guaranteed Interest Rate shall apply for the entire Guarantee Period. Interest on amounts in a Guarantee Period is credited daily at an effective annual rate equal to the Guaranteed Interest Rate. Interest is allocated (i) at the end of each Participation Year, (ii) at the time of each transfer or Partial Withdrawal, (iii) at the time an Annuity Benefit is purchased, (iv) upon payment of the Surrender Value, and (v) upon the payment of a Death Benefit, or (vi) distribution on the Owner’s death.
GUARANTEED INTEREST RATE. The effective annual rate of interest LNL guarantees to credit on Net Purchase Payments or Contract Value allocated to each Guaranteed Period Sub-account.
GUARANTEED INTEREST RATE. The annual effective interest rate credited to a purchase payment during the Guarantee Period as described in the Crediting of Interest and Guarantee Periods section. GUARANTEE PERIOD - The period for which either an initial or subsequent Guarantee Interest Rate is credited. MARKET VALUE ADJUSTMENT -The Market Value Adjustment is a formula that we use to determine the Cash Value before the end of the Guarantee Period. The adjustment can increase or decrease the Account Value. MATURITY DATE - The date on which the annuity payments are to begin. MATURITY VALUE - The accumulated value of a Purchase Payment at the Guaranteed Interest Rate at the end of the Guarantee Period selected less any surrenders, surrender charges, and applicable premium tax previously deducted and reflecting any Market Value Adjustment previously applied. MINIMUM DISTRIBUTIONS - Minimum amounts that must be distributed each year in relation to certain qualified plans under the Code.
