Examples of Cap Percentage in a sentence
The applicable percentage is referred to as the Annual Cash Flow Cap Percentage, and is currently set at 35% per the AFFA.
The Index Performance equals the growth in the S&P 500 Index during the Segment multiplied by the Participation Percentage, with a floor at the Segment Minimum Interest Rate and a ceiling at the Cap Percentage.
The Cap Percentage is guaranteed not to be below the Guaranteed Cap Percentage.
The Protected Value is limited by a "Cap." Until the Protected Value first increases to the level of the Cap, the Cap equals the Cap Percentage shown in the Schedule Supplement times the sum of the Protected Value at the beginning of the Waiting Period and all Net Purchase Payments and any Credits we provide in relation to Purchase Payments received after the Waiting Period begins; and is reduced due to withdrawals in the same manner as we reduce the Protected Value in c.
A new Cap Percentage will apply to each new segment created and will not change for the duration of that segment.