Common use of GUARANTEED ACCOUNTS Clause in Contracts

GUARANTEED ACCOUNTS. The Company may defer paying contract values from Guaranteed Accounts for up to six months from the effective date of the withdrawal or full surrender. If payment is deferred for 30 days or more, interest will be paid on the withdrawal amounts at an annual effective interest rate determined by the Company.

GUARANTEED ACCOUNTS. The Company may defer paying contract values from Guaranteed Accounts for up to six months from the effective date of the withdrawal or full surrender. If payment is deferred for 30 days or more, interest will be paid on the withdrawal amounts at an annual effective interest rate determined by in accordance with the Companylaws of the state in which this contract is delivered.