Changes in Indices. This Contract has one or more Crediting Strategies that calculate interest based in whole or in part on an index, a market interest rate, or the price or unit value of an investment fund or commodity. We reserve the right to replace an index or an interest rate if it stops being published, or if an investment fund terminates, or if an investment fund or a commodity stops being traded on a specified market, then we will select a similar index, interest rate, investment fund, commodity, or market to replace it. If the publication schedule of an index or interest rate is changed, or if the calculation of it is changed significantly, if there is a significant change in the investment objectives, strategies, or operations of an investment fund, or if a specified market declines in importance, then: 1) we may replace it with a similar index, interest rate, investment fund, commodity, or market; or 2) we may make adjustments to it to approximate its performance before the change.
Appears in 5 contracts
Samples: Individual Deferred Variable Annuity Contract (Massmutual Ascend Life Insurance Co), Individual Deferred Variable Annuity Contract (Massmutual Ascend Life Insurance Co), Individual Deferred Variable Annuity Contract (Great American Life Insurance Co)
Changes in Indices. This Contract has one or more Crediting Strategies that calculate interest based in whole or in part on an index, a market interest rate, or the price or unit value of an investment fund or commodity. We reserve the right to replace an index or an interest rate if it stops being published, or if an investment fund terminates, or if an investment fund or a commodity stops being traded on a specified market, then we will select a similar index, interest rate, investment fund, commodity, or market to replace it. If the publication schedule of an index or interest rate is changed, or if the calculation of it is changed significantly, if there is a significant change in the investment objectives, strategies, or operations of an investment fund, or if a specified market declines in importance, then:
1) we may replace it with a similar index, interest rate, investment fund, commodity, or market; or
2) we may make adjustments to it to approximate its performance before the change.
Appears in 3 contracts
Samples: Individual Deferred Annuity Contract (Great American Life Insurance Co), Individual Deferred Annuity Contract (Great American Life Insurance Co), Individual Deferred Variable Annuity Contract (Great American Life Insurance Co)
