Common use of GUARANTEED INTEREST DIVISION Clause in Contracts

GUARANTEED INTEREST DIVISION. The Guaranteed Interest Division is another division to which you may allocate premiums or make transfers. The account value of the Guaranteed Interest Division is equal to amounts allocated to this division plus any earned interest minus deductions taken from this division. Interest is credited at the guaranteed rate shown in the schedule or may be credited at a higher rate. Any higher rate is guaranteed to be in effect for at least a 12-month period.

GUARANTEED INTEREST DIVISION. The Guaranteed Interest Division is another division to which you may allocate premiums premium or make transfers. The account value Account Value of the Guaranteed Interest Division is equal to amounts the Net Premium allocated to this division plus any earned interest minus deductions taken from this division. Interest is credited at the guaranteed rate shown in the schedule or may be credited at a higher rate. Any higher rate is guaranteed to be in effect for at least a 12-month period12 months. LOAN DIVISION The Loan Division is the account which is set aside to secure the Policy Loan, if any. See the Loan Provision section for information.

GUARANTEED INTEREST DIVISION. The Guaranteed Interest Division division is another division to which you may allocate premiums or make transfers. The account value Account Value of the Guaranteed Interest Division division is equal to amounts the Net Premium allocated to this division plus any earned interest minus deductions taken from this division. Interest is credited at the guaranteed rate shown in the schedule or may be credited at a higher rate. Any higher rate is guaranteed to be in effect for at least a 12-month period12 months. LOAN DIVISION The Loan Division is the account which is set aside to secure the Policy Loan, if any. See the Loan Provision section for information.