Crediting Rate. For the Account value, the crediting rate for the first 6 years from the Policy commencement date is guaranteed and fixed at the crediting rate determined by us on the Policy issue date. This crediting rate will not be lower than 2.68%
a. You may refer to the Policy Illustration for the guaranteed crediting rates for the first 6 years from the Policy commencement date. For subsequent years, the crediting rate will be determined by us based on the prevailing rate, subject to the minimum guaranteed crediting rate of 0% p.a. Interest is calculated based on the daily Account value and credited into the Account value at the end of each Policy month. Any revision in crediting rates will take effect on the 1st business day of each calendar month but any interest earned will only be credited to the Account value at the end of each Policy month. For reinstatement, we reserve the right to revise the crediting rate for the Account value.
Crediting Rate. For the initial single premium and any Top-up(s) made, the crediting rate will be determined by Us based on the prevailing rate, subject to the minimum guaranteed crediting rate of 1.00% p.a. for the first 1 year from the Policy commencement date; and 0% p.a. for the subsequent years which ensures that Your capital is fully guaranteed each year. You may refer to the Policy Illustration for the prevailing crediting rates from the Policy commencement date. Interest is calculated based on the daily Account value and credited into the Account value at the end of each calendar month. We reserve the right to revise the crediting rate from time to time. Any revision in crediting rates will take effect on the 1st business day of each calendar month.
Crediting Rate. Interest will be credited initially at a daily rate equivalent to the crediting rate for each General Escrow Tranche and, if applicable, the Special Escrow Tranche, as specified in Exhibit A. Interest will be calculated as simple interest on the Purchase Payment(s) received, less any Claims paid from the General Escrow Tranche(s). Interest will accrue on Purchase Payment(s) in each General Escrow Tranche(s) and the Special Escrow Tranche, if applicable, beginning the day immediately following the day Purchase Payment(s) are received. The accrued interest is guaranteed subject to Section 5. The crediting rate is applied to each General Escrow Tranche under this Agreement from the day immediately following the day of receipt of the initial Purchase Payment(s) through the Expiry Date, subject to adjustment pursuant to the terms of this Agreement. The crediting rate for each General Escrow Tranche may be adjusted if any of the following occur: (a) AXA Equitable receives Subsequent Purchase Payments to a General Escrow Tranche, (b) cumulative Claims are paid from the General Escrow Tranches of the Funding Account in excess of 20% of the total Purchase Payment(s) received by AXA Equitable prior to the Maturity Date (see Section 3.2 below), (c) AXA Equitable declares a pooled crediting rate adjustment (see Section 3.3 below), (d) the Expiry Date or Maturity Date is changed, as described in Section 6, or (e) the Expiry Date or Maturity Date is extended as described in Section 6.1. The crediting rate may be adjusted downward, but it will never be less than zero. The crediting rate is applied to the Special Escrow Tranche, if applicable, under this Agreement from the day immediately following the day of receipt of the initial Purchase Payment(s) through the Maturity Date. The crediting rate of the Special Escrow Tranche is determined on a quarterly basis. AXA Equitable reserves the right to reset the crediting rate of the Special Escrow Tranche on a monthly basis and all Special Escrow Purchase Payments will accrue interest at the new crediting rate. Receipt of Subsequent Purchase Payment(s) to a General Escrow Tranche will result in a dollar-weighted blended crediting rate for that General Escrow Tranche. The dollar-weighted blended crediting rate is FA-MA2016 determined by the sum of: (a) the previous applicable Purchase Payment(s) under the Agreement, multiplied by the current crediting rate under the Agreement and (b) the current Purchase Payment under the Agree...
Crediting Rate. 3 1.5 DISABILITY. . . . . . . . . . . . . . . . . . . . . . . 3 1.6
Crediting Rate. During the duration of this Agreement, it is the parties' expectation that the Ceding Company will credit a rate on the fixed account portion of the Policies which maintains the Company's current crediting rate practice. The Ceding Company's current practice is to credit a rate that is either supportable from the return on the duration matched new money rates, subject to contractual minimum interest rates, or is enhanced by a limited "promotional budget" not to exceed 0.5% of base policy premiums received during the Accounting Period, which allows the Ceding Company to remain competitive in the Variable Annuity market. The Ceding Company will inform the Reinsurer in the event the Ceding Company determines the need to deviate from its current crediting practice. The Ceding Company will provide the Reinsurer with the description of the Ceding Company's proposed strategy and the Ceding Company's justification for crediting interest rates outside the guidelines described above. The description, justification and supporting documentation shall be subscribed to by a Member of the American Academy of Actuaries stating that the new crediting rate strategy is sound, adequate in light of cash flow testing, adequate considering all reserve requirements established in the Standard Valuation Law and is determined to be sound under the Actuarial Standards of Practice.
Crediting Rate. For the initial single premium, the crediting rate for the first 3 years from the Policy commencement date is guaranteed and fixed at the crediting rate determined by us on the Policy commencement date. You may refer to the Policy Illustration for the guaranteed crediting rates for the first 3 years from the Policy issue date. For subsequent years, the crediting rate will be determined by us based on the prevailing rate, subject to the minimum guaranteed crediting rate of 0% p.a. which ensures that your capital is fully guaranteed each year. For any Top-up(s) made, the crediting rate will be determined by us based on prevailing market conditions. We reserve the right to revise the crediting rate for Top-up(s) from time to time. Interest is calculated based on the daily Account value and credited into the Account value at the end of each Policy month. Any revision in crediting rates will take effect on the 1st business day of each calendar month but any interest earned will only be credited to the Account value at the end of each Policy month. For reinstatement, we reserve the right to revise the crediting rate for the Account value.
Crediting Rate. The Crediting Rate on amounts credited to a Participant’s Account shall be the fixed rate of interest per annum, as determined by the Administrator in its complete and sole discretion, compounded daily (or over such other period, as determined by the Administrator, in its complete and sole discretion), for the three-year period beginning January 1, 2005 and ending December 31, 2007; provided that the Administrator, in its complete and sole discretion, may periodically revise and/or supplement the foregoing Crediting Rate anytime after the expiration of such three-year period. Absent any such revision or supplementation, such fixed Crediting Rate shall continue in effect unless and until so revised and/or supplemented by the Administrator. In lieu of and/or in addition to such fixed Crediting Rate, the Administrator may, in its complete and sole discretion, select one or more fixed Crediting Rates, investment Crediting Rates based on a rate of return on one or more predetermined investments, or a combination thereof; provided that if more than one Crediting Rate is selected by the Administrator, the Administrator may, in its complete and sole discretion and in accordance with procedures established by the Administrator, allow Participants to allocate their Accounts among such Crediting Rates. The Participant’s Account shall be increased or reduced, as the case may be, to reflect any notional earnings, including gains or losses, attributable to the applicable Crediting Rate. The Administrator’s choice of any investment shall be solely for purposes of calculation of the Crediting Rate. The Employer shall have no obligation to set aside or invest funds in any selected investment and, if the Employer elects to invest funds as directed by the Administrator or the Participant, as the case may be, the Participant shall have no more right to such investment than any other unsecured general creditor. The Participant’s Account shall continue to be credited at the Crediting Rate through the Valuation Date (or, in the case of annual installment payments, through the dates described in Section 4.1(c)).
Crediting Rate. The aggregate contributions credited under the Plan pursuant to Section 4.1A and 4.1B on the Participant's behalf shall be credited with earnings (or losses) at the rate elected by the Adopting Employer under section 4.3 of the Adoption Agreement. A Participant's account will continue to be credited with earnings (or losses) during the period the Participant is receiving Benefit payments. As used in this Plan, the term "earnings" shall include losses.
Crediting Rate. The weighted aggregate general account crediting rate in effect as of the date hereof with respect to the Core Insurance Contracts does not exceed 6.06%.
Crediting Rate. We give a crediting rate to Your policy expressed as a percentage of the first S$50,000 of Your Dash PET 2 Account Value. The crediting rate does not apply to the Account Value of Dash PET Plus and other Riders. Please refer to the Cover Page (with simple illustration) for the prevailing crediting rates from the Policy commencement date. Interest is calculated based on the daily Account Value and added to the Account Value at the end of each calendar month. If the average daily Account Value for the calendar month falls below S$50, no interest will be given for the calendar month. The crediting rate is not guaranteed and may increase or decrease, at our discretion, depending on the performance of the underlying asset portfolio, specifically identified and managed for your product series only, subject to a minimum of 0% which ensures that Your capital is fully guaranteed each year. We reserve the right to revise the crediting rate at any time by giving You thirty (30) days’ written notice. Any revision in crediting rates will take effect on the 1st business day of each calendar month. Please refer to our Tiq website for the latest crediting rates.
