Examples of Administration Charges in a sentence
Variable income payments will not decrease if the annualized return over the duration separating the payments is at least equal to the 5% yearly Assumed Investment Return (described above) plus the sum of the Mortality & Expense Risk and Administration Charges shown on the Schedule.
Variable income payments will not decrease if the annualized return over the duration separating the payments is at least equal to the yearly Assumed Investment Return shown on the Schedule plus the sum of the Mortality & Expense Risk and Administration Charges shown on the Schedule.
Administration Charges and Mortality and Expense Risk Charges are accounted for by a deduction each Valuation Period from the unit values.
The total Surrender Charge equals the sum of the Administration Charges and Sales Surrender Charges as described in the Surrender Charges provision.
The Company will recover said credit by reducing servicing agent or broker compensation and through increased Administration Charges.