Renewal Guarantee Period definition

Renewal Guarantee Period. [A calendar year.] Initial Current Interest Rate: [6%] Minimum Guaranteed Interest Rate: [3%] DEATH BENEFIT AMOUNT DURING THE ACCUMULATION PERIOD - [DEATH OF OWNER - Upon the death of the Owner prior to the Annuity Date, the Death Benefit will be paid to the Beneficiary designated by the Owner. The Death Benefit will be the greatest of:
Sample 1Sample 2Sample 3
Renewal Guarantee Period. A calendar year Initial Current Interest Rate: 4.60% Minimum Guaranteed Interest Rate: 3.00% annually] ANNUITY SERVICE OFFICE: Cova Financial Life Insurance Company [P.O. Box 10366 Des Moines, Iowa 50306-0366 (000) 000-0000] ENDORSEMENTS AND RIDERS ATTACHED TO THIS CONTRACT: [Fixed Account Rider for Variable Annuity Enhanced Dollar Cost Averaging Rider Three Month Market Entry Rider Death Benefit Rider - Principal Protection Death Benefit Rider - Annual Step-up Death Benefit Rider - Compounded Plus Guaranteed Minimum Income Benefit Rider - [Living Benefit] Additional Death Benefit Rider - [Earnings Preservation Benefit] Individual Retirement Annuity Endorsement Xxxx Individual Retirement Annuity Endorsement Tax Sheltered Annuity Endorsement 401 Plan Endorsement Unisex Annuity Rates Rider] DEFINITIONS ACCOUNT VALUE -- The sum of your interests in the Subaccounts of the Separate Account. ACCUMULATION PERIOD -- The period prior to the Annuity Date during which you can make Purchase Payments. ANNUITANT -- The natural person(s) on whose life Annuity Payments are based. You may change the Annuitant at any time prior to the Annuity Date unless an Owner is not a natural person. Any reference to Annuitant shall also include any Joint Annuitant under an Annuity Option. The Annuitant and Owner do not have to be the same person. ANNUITY PAYMENTS -- The series of payments made to the Owner or other named payee after the Annuity Date under the Annuity Option elected. ANNUITY DATE -- The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY PERIOD -- The period starting on the Annuity Date during which Annuity Payments are payable. ANNUITY SERVICE OFFICE -- The office indicated on the Contract Schedule to which notices, requests and Purchase Payments must be sent, or as otherwise directed by Notice from us. All sums payable by us under the Contract are payable through the Annuity Service Office. ANNUITY UNIT -- A unit of measure used to calculate Variable Annuity Payments after the Annuity Date. ATTAINED AGE -- The age of any Owner or Annuitant on his/her last birthday. BENEFICIARY -- The person(s) or entity(ies) you name to receive a death benefit payable under this Contract upon the death of the Owner or a Joint Owner, or in certain, circumstances, an Annuitant. BUSINESS DAY -- Each day that the New York Stock Exchange is open for business. The Separate Account will be valued each Business Day. A Business Day ends as of the c...
Sample 1

Examples of Renewal Guarantee Period in a sentence

  • The Renewal Guarantee Period selected will receive the Guaranteed Interest Rate declared effective at that time.

  • The Initial Guarantee Period and Renewal Guarantee Period are measured from the date either a Net Payment or Renewal Amount is allocated to the guarantee period.

  • The Guaranteed Interest Rate is the effective annual interest rate established by us for an Initial or Renewal Guarantee Period.

  • The term Market Value Adjustment (MVA) with the respect to a GRO means an adjustment is made to the Account Value prior to the GRO Guarantee Period Expiration in accordance with the Market Value Adjustment Formula set forth on the Certificate Schedule Page.Minimum Interest Rate: The Minimum Interest Rate is the lowest Guaranteed Interest Rate we will declare for a Renewal Guarantee Period at any time while this Certificate is in effect.

  • Once a Guarantee Period expires, the Renewal Guarantee Period shall be of the same duration unless a transfer election is made.

  • The Guarantee Period Expiration means the Guarantee Period has ended and a Renewal Guarantee Period must be elected.

Related to Renewal Guarantee Period

  • Guarantee Period /’Maintenance Period’ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the works performed under the contract.

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

  • Additional Guarantor means a company which becomes an Additional Guarantor in accordance with Clause 25 (Changes to the Obligors).

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Guaranteed Commercial Operation Date has the meaning set forth in Section 3.9(c)(i).

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Guarantee Test(s means the test(s) specified in the Technical Specifications to be carried out to ascertain whether the Facilities or a specified part thereof is able to attain the Functional Guarantees specified in the Technical Specifications in accordance with the provisions of GCC Sub-Clause 20.2.1 (Guarantee Test) hereof during/after successful Commissioning followed by Trial - Operation.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • Guarantee and Security Agreement means that certain Guarantee, Pledge and Security Agreement, dated as of the Effective Date, among the Borrower, the Subsidiary Guarantors, the Administrative Agent, each holder (or a representative, agent or trustee therefor) from time to time of any Secured Longer-Term Indebtedness, and the Collateral Agent.

  • Guarantee of the Notes means the guarantee of the Notes given by the Guarantor in the Deed of Guarantee;

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • Cross-Over Date The Distribution Date on which the respective Class Certificate Balances of each Class of Subordinated Certificates have been reduced to zero.

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Corporate Guarantee means the guarantee required to be executed hereunder by the Corporate Guarantor in such form as the Bank may agree or require ;

  • Guarantee and Collateral Agreement the Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended, supplemented or otherwise modified from time to time.