Indexing Period definition

Indexing Period means the period over which the Index Cap is guaranteed and the Index Credit is calculated. The Initial Premium is the payment made by you to us to put this Contract into effect. An Irrevocable Beneficiary is a Beneficiary whose rights and interests under this Contract cannot be changed without his, her or its consent.
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Indexing Period means: the twelve-month period beginning on July 1 and ending on June 30 of the following calendar year;
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Examples of Indexing Period in a sentence

  • Point-to-Point Cap Index Strategy is the Strategy that credits interest to the applicable Premium or Reallocation of Accumulation Value based on the Index Change, as defined in Section 5.3, of the Index over the Indexing Period.

  • Index Credit means the rate credited to each Premium and Reallocation of Accumulation Value allocated to the Point-to-Point Cap Index Strategy and is based on the performance of the applicable Index as measured over the Indexing Period.

  • Index Cap means the maximum Index Credit that may be applied at the end of each Indexing Period.

  • The initial Indexing Period for each Premium or Reallocation begins on the Allocation Date for that Premium or Reallocation and ends on the day before the following Allocation Anniversary.

  • Each Allocation of Premium and Reallocation has its own specific Indexing Period.

  • The Index Number for the start of each applicable Indexing Period after the first Indexing Period will be the Index Number as of the end of the Business Day before the Allocation Anniversary.

  • Transfers into this Account will start a new 2-year Indexing Period with its own Account Accumulation Date, if no such 2-year Indexing Period exists.

  • Index Credit is the amount, if any, added to the Account Accumulation Value at the end of each Indexing Period.

  • The Plan shall make such payment no later than the commencement of the subsequent Indexing Period.

  • Index Credit Factor is the percentage multiplied by the current Account Accumulation Value at the end of an Indexing Period to determine Index Credits.