Minimum Guaranteed Interest RateΒ means the minimum rate of return on the Investment, as specified on the Certificate of Deposit. "100%" refers to the rate of participation in the growth of the securities. AND πππππππππππ = οΏ½(ππππ’ππ‘πππ πΆπ πππ π1 + ππππ’ππ‘πππ πΆπ πππ πππ + β― ππππ’ππ‘πππ πΆπ πππ πππππ) Γ 1 οΏ½ β 1 οΏ½οΏ½ππ‘π οΏ½οΏ½πππ‘πππ πΆπ πΌπππ‘πππ πΆπ πΌπππ‘πππ πΆπ ππππ where: "Valuation CP" means, in respect of a security, the average of the Closing Prices of a security occurring on April 7, 2027, May 10, 2027, and June 07, 2027 (or, if a Closing Price is unavailable on any such date, on the following day on which a Closing Price is available). "Initial CP" means the Closing Price of a security on June 07, 2024. "S1" β "S20" refers to each of the twenty (20) securities, as listed below. "Closing Price" means, in respect of a security on a particular date, the official closing price for that security on such date as announced by the relevant stock exchange or trading system. Here are the twenty (20)
Minimum Guaranteed Interest RateΒ means a rate equal to [X%] per annum for all deposits to this Contract from and after [October 1, 2020]. [A Minimum Guaranteed Interest Rate of [Y%] will continue to apply to deposits to this Contract before [October 1, 2020] OR A Minimum Guaranteed Interest Rate of [Y%] will continue to apply to deposits to this Contract made between [October 1, 2018] and [September 30, 2020], and a Minimum Guaranteed Interest Rate of [Z%] will continue to apply to deposits to this Contract made before [October 1, 2018].] When more than one Minimum Guaranteed Interest Rate is maintained under this Contract, the portion of the Contract Balance allocated to each Minimum Guaranteed Interest Rate is referred to as a βFloor Rate Bucket.β Withdrawals from this Contract will be allocated first to the Floor Rate Bucket containing the deposits made [earliest OR most recently], then to the Floor Rate Bucket containing the deposits made next in time, and so on in like fashion.] [25]
Examples of Minimum Guaranteed Interest Rate in a sentence
The current Minimum Guaranteed Interest Rate will not be less than 1%.
LNL may credit interest at effective annual rates in excess of the Minimum Guaranteed Interest Rate at any time.
The actual Minimum Guaranteed Interest Rate for your Contract is the amount shown on your Contract Schedule and applies only to amounts in the Fixed Account.
The Guaranteed Interest Rate and the Minimum Guaranteed Interest Rate shown on the Schedule Pages each represents the effective annual interest rate that will be credited when daily interest rates have been compounded daily.
A Guaranteed Interest Rate will never be less than the effective annual Minimum Guaranteed Interest Rate shown on the Contract Specifications.
More Definitions of Minimum Guaranteed Interest Rate
Minimum Guaranteed Interest Rate.Β The Minimum Guaranteed Interest Rate for the Fixed Account is 3%.
Minimum Guaranteed Interest RateΒ means the minimum rate of return on the Investment, as specified on the Certificate of Deposit. "100%" refers to the rate of participation in the growth of the securities. AND where:
Minimum Guaranteed Interest RateΒ means the rate applicable to discontinued policy fund as declared by the Authority from time to time. The current applicable interest rate is 4% per annum;
Minimum Guaranteed Interest RateΒ means a rate equal to [W%] per annum for all deposits to this Contract after the initial deposit. When more than one Minimum Guaranteed Interest Rate is maintained under this Contract, the portion of the Contract Balance allocated to each Minimum Guaranteed Interest Rate is referred to as a βFloor Rate Bucket.β The initial deposit to this Contract will be allocated to Floor Rate Buckets with the specified Minimum Guaranteed Interest Rates, as follows:
Minimum Guaranteed Interest Rate.Β [3.00%] Current Interest Rate as of Contract Date: [x%.] [The current interest rates applies only to purchase payments allocated or transferred to Fixed Account I during the calendar month in which this contract is issued. This rate is guaranteed for one contract year.] INVESTMENT OPTIONS: [Federated Prime Money Fund II] [American Century VP Income & Growth Fund] [Federated High Income Bond Fund II] [American Century VP Value Fund] [Federated Utility Fund II] [Templeton Asset Strategy Xxxx] [Fidelity VIP Equity-Income Portfolio] [Templeton Developing Marxxxx Xxxxrities Fund] [Fidelity VIP II Asset Manager Portfolio] [Fidelity VIP II Contrafund(R)Portfolio] [Lazard Retirement Equity Portfolio] [Fidelity VIP II Index 500 Portfolio] [Lazard Retirement Small Cap Portfolio] [Alger American Small Capxxxxxzation Portfolio] [Morgan Stanley Emerging Xxxxxxs Xxxxxx Portfolio] [Alger American MidCap Grxxxx Portfolio] [Morgan Stanley Internatixxxx Xaxxxx Xxrtfolio] [Alger American Growth Poxxxxxio] [Alger American Leveraged XxxXap Portfolio] [Janus Aspen Series Growth Portfolio] [Janus Aspen Series Capital Appreciation Portfolio] [MFS Emerging Growth Series] [Janus Aspen Series Balanced Portfolio] [MFS Research Series] [Janus Aspen Series Worldwide Growth Portfolio] [MFS Investors Trust Series] [Janus Aspen Series International Growth Portfolio] [MFS Total Return Series] [Janus Aspen Series Flexible Income Portfolio] [Alliance Premier Growth Portfolio] [Alliance Growth and Income Portfolio] VARIABLE ACCOUNT: [Valley Forge Life Insurance Company Variable Annuity Separate Account] [ALLOCATION GUIDELINES:
Minimum Guaranteed Interest Rate.Β [3.00%] Current Interest Rate as of Contract Date: [x%.] [The current interest rates applies only to purchase payments allocated or transferred to Fixed Account I during the calendar month in which this contract is issued. This rate is guaranteed for one contract year.]