Nonguaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, non-interest-based credits, charges or elements of formulas used to determine any of these elements, that are subject to company discretion and are not guaranteed at issue. An element is considered nonguaranteed if any of the underlying nonguaranteed elements are used in its calculation.
Nonguaranteed elements means the premiums, benefits, values, credits, or charges under a policy of life insurance that are not guaranteed or not determined at issue.
Nonguaranteed elements means the premiums, credited interest rates
Examples of Nonguaranteed elements in a sentence
Non-guaranteed elements may be shown if described in the contract.
Nonguaranteed elements may be shown if described in the contract.
Non-guaranteed elements that represent the payments of retained surplus, other than divisible surplus under participating contracts, may be excluded from these calculations.
Non-guaranteed elements should not be based on a scale more favorable tothe policyowner than the insurer’s illustrated scale at any duration.
Non-guaranteed elements (“NGEs”), as defined in Section 1.B.12 of VM-20, refer to charges or credits to a policyholder’s account value, benefit, premium, or consideration that are both established and which may be adjusted at the discretion of an insurance company.
More Definitions of Nonguaranteed elements
Nonguaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, non-interest based credits, charges or elements of formulas used to determine any of these, that are subject to company discretion and are not guaranteed at issue. An element is considered non-guaranteed if any of the underlying non-guaranteed elements are used in its calculation.
Nonguaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, non-interest-based credits, charges or elements of formulas used to determine any of these elements, that are subject to company discretion and are not guaranteed at issue. An element is considered nonguaranteed if any of the underlying nonguaranteed elements are used in its calculation. “Structured settlement annuity” means a “qualified funding asset” as defined in Section 130(d) of the Internal Revenue Code or an annuity that would be a qualified funding asset under Section 130(d)
Nonguaranteed elements means the premiums, credited interest rates including any bonuses,
Nonguaranteed elements means the premiums, benefits, values, credits, or charges under a life insurance policy or an annuity contract that are not guaranteed or not determined at issue.
Nonguaranteed elements means the premiums and credited interest rates, including any
Nonguaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, noninterest-based credits, and charges or elements of formulas used to determine any of these items that are subject to insurer discretion and are not guaranteed at issue. An element is considered
Nonguaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, non-interest based credits, charges or elements of formulas used to determine any of these, that are subject to company discretion and are not guaranteed at issue. An