Examples of Minimum Guarantee in a sentence
We will commute any Guarantee Payments due and pay you a lump sum if the total Guarantee Payment due each Annuity Year is less than the Minimum Guarantee Payment amount shown in the Schedule Supplement.
If the Net Cash Surrender Value is not sufficient, we will determine if the Minimum Guarantee Premium has been paid.
We guarantee that the effective annual rate of interest for the Fixed Account Option(s), including any of the available Guaranteed Periods, will not be less than the Minimum Guarantee Rate as mandated by Your state, and shown on the Contract Data Page.
If the Net Cash Surrender Value is not sufficient and the sum of the premiums paid less any loans and partial withdrawals does not equal or exceed the Minimum Guarantee Premium, the Grace Period described below will begin.
The Current Interest Rate will not be less than the Minimum Guarantee Rate as shown on the Contract Data Page.