Common use of THRESHOLD PROCESSING Clause in Contracts

THRESHOLD PROCESSING. For the purpose of calculating any thresholds, the values for the Divisions will be determined using the prior day's closing Index of Investment Experience. GA-MA-1112 12 <PAGE> HOW WE MEASURE THE ACCUMULATION VALUE -------------------------------------------------------------------------------- THE GENERAL ACCOUNT The General Account contains all assets of the Company other than those in the Separate Account(s) we establish. We may, from time to time, make available for allocations of Premium Payments or Accumulation Value under the Certificate specific Divisions of the General Account (Guaranteed Interest Divisions ) which we credit with fixed rates of interest declared by us for the then available Guarantee Period(s). Any declaration will be by class and will be based solely on our expectations of future earnings, but will never be less than the Guaranteed Minimum Interest Rate shown in the Schedule. We may periodically guarantee higher rates for specific Guarantee Periods based on our sole discretion. Such rates will apply to periods following the date of declaration. Interest will be credited daily at a rate to yield the declared annual Guaranteed Interest Rate. Guarantee Periods We may offer any number of Guarantee Periods and may, from time to time, change the Guarantee Periods available. Any change in the Guarantee Periods available under the Certificate will not affect existing Allocations in a Guarantee Period until the Guarantee Period Maturity Date. The Guaranteed Interest Rates for an Allocation to a Guaranteed Interest Division are effective for the entire period. ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/Archives/▇▇▇▇▇/data/836687/000083727603000151/gama1112-mast... 11/18/2016 Transfers from the General Account We currently require that amounts allocated to the General Account not be transferred until the Maturity Date of the applicable Guarantee Period. We reserve the right not to allow amounts previously transferred from the General Account to the Variable Separate Account or Fixed Account to be transferred back to the General Account for a period of at least six months from the date of transfer.

Appears in 1 contract

Sources: Deferred Combination Variable and Fixed Annuity Group Master Contract (VOYA INSURANCE & ANNUITY Co)

THRESHOLD PROCESSING. For the purpose of calculating any thresholds, the values for the Divisions will be determined using the prior day's closing Index of Investment Experience. GA-MA-1112 12 <PAGE> HOW WE MEASURE THE ACCUMULATION VALUE -------------------------------------------------------------------------------- THE GENERAL ACCOUNT The General Account contains all assets of the Company other than those in the Separate Account(s) we establish. We may, from time to time, make available for allocations of Premium Payments or Accumulation Value under the Certificate specific Divisions of the General Account (Guaranteed Interest Divisions ) which we credit with fixed rates of interest declared by us for the then available Guarantee Period(s). Any declaration will be by class and will be based solely on our expectations of future earnings, but will never be less than the Guaranteed Minimum Interest Rate shown in the Schedule. We may periodically guarantee higher rates for specific Guarantee Periods based on our sole discretion. Such rates will apply to periods following the date of declaration. Interest will be credited daily at a rate to yield the declared annual Guaranteed Interest Rate. Guarantee Periods We may offer any number of Guarantee Periods and may, from time to time, change the Guarantee Periods available. Any change in the Guarantee Periods available under the Certificate will not affect existing Allocations in a Guarantee Period until the Guarantee Period Maturity Date. The Guaranteed Interest Rates for an Allocation to a Guaranteed Interest Division are effective for the entire period. ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/Archives/▇▇▇▇▇/data/836687/000083727603000151/gama1112-mast... 11/18/2016 Transfers from the General Account We currently require that amounts allocated to the General Account not be transferred until the Maturity Date of the applicable Guarantee Period. We reserve the right not to allow amounts previously transferred from the General Account to the Variable Separate Account or Fixed Account to be transferred back to the General Account for a period of at least six months from the date of transfer.

Appears in 1 contract

Sources: Group Annuity Contract (Separate Account B of Golden American Life Insurance Co)