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%
Crediting Rate. For the Account value, the crediting rate for the first 3 years from the Policy issue date is guaranteed and fixed at the crediting rate determined by us on the Policy issue 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. 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 initial 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 initial 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 specified in Exhibit A. Interest will be calculated as simple interest on the Purchase Payment(s) received, less any Claims paid from the Funding Account. Interest will accrue beginning the day [immediately following the day] the Purchase Payment is received. The accrued interest is guaranteed subject to Section 4. The crediting rate is applied under this Agreement from the date of receipt of the initial Purchase Payment through the Maturity Date subject to adjustment pursuant to the terms of this Agreement. The crediting rate may be adjusted if any of the following occur: (a) AXA Equitable receives subsequent Purchase Payments, (b) cumulative Claims are paid from the Funding Account in excess of 20% of the total Purchase Payment(s) received by AXA Equitable prior to the Maturity Date (see Section 2.2 below), (c) AXA Equitable declares a pooled crediting rate adjustment (see Section 2.3 below) or (d) the Maturity Date is changed, as described in Section 5. The crediting rate may be adjusted downward, including below the Initial Minimum Crediting Rate specified in Exhibit A, but it will never be less than zero. Receipt of subsequent Purchase Payment(s) will result in a dollar-weighted blended crediting rate for the Funding Account. The dollar-weighted blended crediting rate is determined by the sum of: (a) the previous Purchase Payment(s) under the Agreement, multiplied by the current crediting rate under the Agreement and (b) the current Purchase Payment under the Agreement, multiplied by the crediting rate AXA Equitable has declared for new Funding Agreements based on the date received and the remaining time until maturity. The sum of (a) and (b) is divided by the sum of all Purchase Payment(s) made under the Agreement, to equal the dollar-weighted blended crediting rate. Such new blended crediting rate is not to exceed the current crediting rate; however, AXA Equitable reserves the right to set the blended crediting rate at a higher rate. The blended crediting rate may be adjusted in the event any of the following occur: (a) Claims are paid from the Funding Account in excess of 20% of the total Purchase Payment(s) received by AXA Equitable (see Section 2.2 below), or (b) a pooled crediting rate adjustment (see Section 2.3 below). The blended crediting rate may be adjusted below the minimum crediting rate specified in Exhibit, A but it will never be less than zero. AXA Eq...
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 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. 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. 3 1.5 DISABILITY. . . . . . . . . . . . . . . . . . . . . . . 3 1.6
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. 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.
