Asset Charge. The Asset Charge is equal to the Monthly Asset Charge Rate multiplied by the Unloaned Accumulated Value. The Unloaned Accumulated Value is equal to a — b where: a = the Accumulated Value at the beginning of the policy month before the current Monthly Deduction is charged; and
Asset Charge means the sum of the products of (i) the Asset Cost for each NewCo asset used to provide the applicable Service to Hynix multiplied by (ii) the Asset Contribution Rate for such asset
Asset Charge. Contract: [1.25% Annually] [Guaranteed Payment Floor Rider: 0.25% Annually] [Guaranteed Payment Floor Step-Up Rider: 0.50% Annually] Total Asset Charge: [1.75% Annually (0.004837% Daily)] Contingent Deferred Sales Charge: [1.00%] Front End Sales Charge: [1.00%]
Examples of Asset Charge in a sentence
Monthly Deductions begin on the Policy Date and are equal to the sum of the following items: · The Cost of Insurance Charge; · The Administrative Charge; · The Coverage Charge; · The Indexed Fixed Option Charge, if any; · The Asset Charge, if any; and · Rider or benefit charges, if any.
More Definitions of Asset Charge
Asset Charge. For Single Participant Certificates with Profile 3 - [0.75%] Annually on Account Value of each Certificate. For Joint Participant Certificates with Profile 3 - [0.90%] Annually on Account Value of each Certificate. For Single Participant Certificates with Profile 4 - [0.85%] Annually on Account Value of each Certificate. For Joint Participant Certificates with Profile 4 - [1.00%] Annually on Account Value of each Certificate. Addition Exceptions: [Transfers among investment options within the Account, investment returns, dividends, interest, expense reimbursements.] Withdrawal Exceptions: [Transfers among investment options within the Account; in a given Withdrawal Year for a Certificate, 2.00% of Account Value collected by you for advisory, administrative, custodial and other services.] Contract Number: [000000000]
Asset Charge. For Single Participant Certificates with Profile 3 - [0.75%] Annually on Account Value of each Certificate. For Joint Participant Certificates with Profile 3 - [0.90%] Annually on Account Value of each Certificate. For Single Participant Certificates with Profile 4 - [0.85%] Annually on Account Value of each Certificate. For Joint Participant Certificates with Profile 4 - [1.00%] Annually on Account Value of each Certificate. Addition Exceptions: [Transfers among investment options within the Account, investment returns, dividends, interest, expense reimbursements. ] Withdrawal Exceptions: [Transfers among investment options within the Account; in a given Withdrawal Year for a Certificate, 2.00% of Account Value collected by you for advisory, administrative, custodial and other services.] MP7170 5/07 Contract Number: [000000000] Withdrawal Guarantee Factors Attained Age Annual Factor Attained Age Annual Factor Attained Age Annual Factor [60 & under 0.05] [70 0.05] [80 0.05] [61 0.05] [71 0.05] [81 0.05] [62 0.05] [72 0.05] [82 0.05] [63 0.05] [73 0.05] [83 0.05] [64 0.05] [74 0.05] [84 0.05] [65 0.05] [75 0.05] [85 0.05] [66 0.05] [76 0.05] [86 0.05] [67 0.05] [77 0.05] [87 0.05] [68 0.05] [78 0.05] [88 0.05] [69 0.05] [79 0.05] [89 0.05] [90 & older 0.05] MP7170 5/07 TABLE OF CONTENTS ARTICLE PAGE Data Pages. 3 I. Definitions 4 II. General Features 7 III. Funding Phase - Certificate Date 9 IV. Funding Phase – Changes In Withdrawal Guarantee 9 V. Funding Phase – Death Provisions 11 VI. Payout Phase – Income Provisions 11 VII. General Provisions 14 VIII. Charges 19 Copies of any riders and endorsements follow page 19.
Asset Charge. On the Policy Date, and on each subsequent monthly anniversary, We will deduct from the Segment Value, at the same time the other Monthly Deductions are taken, an Asset Charge. The Asset Charge is determined by multiplying the Asset Charge Percentage by the Segment Value, at the beginning of the policy month, after the Monthly Deduction is assessed. Segment Date - The Segment Date is the date a Segment is created. Segments can only be created on monthly policy anniversary dates. New Segments cannot be created if the Segment Maturity Date would occur after the Maturity Date in Section 1. Segment Maturity Date - The Segment Maturity Date is the date each Segment matures, which is at the end of a Segment Duration. One Year Point to Point S&P 500 Indexed Account with 1% Floor Summary - This section sets forth the interest crediting methodology for the Segments of the One Year Point to Point S&P 500 Indexed Account with 1% Floor. Guaranteed Participation Percentage: 100% Guaranteed Cap Percentage: 3% Segment Minimum Interest Rate: 1% Asset Charge Percentage: 0% Segment Duration: 12 Months* *Any Segment created on the Policy’s first monthly anniversary will have a Segment Duration of one month less than the Segment Duration shown above. Index - The external Index used in the calculations below is the S&P 500. References to the S&P 500 Index mean the Standard and Poor’s 500 Composite Stock Price Index (excluding dividends). It is the index of the stock of 500 publicly traded companies. See Index Disclaimers section at the end of the Additional Policy Specifications for additional information. Change or Discontinuance of an Index - If the Index substantially changes the manner in which it is calculated we may adjust the formula that is used when determining the Index Credit, if any, to be consistent with the original calculation methodology. If the publication of the Index is discontinued, or if in our sole discretion we determine that the Index should no longer be used, a similar Index may be substituted subject to approval of the Interstate Insurance Product Regulation Commission. You will be notified of any change of Index. Monthly Average Segment Value (MASV) - The sum of the Segment Values on each Monthly Anniversary during the Segment Duration divided by the number of months in the Segment Duration. Index Credits - Amounts held in the One Year Point to Point S&P 500 Indexed Account with 1% Floor earn Index Credits on the Segment Maturity Date based on Index ...
Asset Charge. Contract: [2.50% Annually] [Enhanced Payment Rider: 1.00% Annually] [Joint Annuitant: 1.00% Annually] Total Asset Charge: [4.50% Annually (0.012614% Daily)] Annual Contract Charge: [$50.00 waived if Contract Value exceeds $50,000.00 at the time the charge is due] Maximum Transfer Charge: [$50.00] If you have a question, would like to obtain information about your Contract, or if you need assistance resolving a complaint, please contact your sales representative or call our Annuity Service Department toll free at [000-000-0000].
Asset Charge. The Asset Charge is a percentage of the Variable Accumulated Value. The percentage varies based on the Policy Year and on the amount of the Variable Accumulated Value and is shown in the Policy Specifications. Administrative Charge — The Administrative Charge is shown in the Policy Specifications. Premium Load — The Premium Load will equal the premium paid multiplied by the Premium Load Rate. The Premium Load Rate we use will not exceed the Maximum Premium Load Rate as shown in the Policy Specifications.
Asset Charge. Assets Annual Rate At (Billions) Each Asset Level ---------- ---------------- First $0.25 0.640% Next $0.25 0.615 Next $0.25 0.590 Next $0.25 0.565 Next $1 0.540 Over $2 0.515
Asset Charge. The Asset Charge is equal to the Monthly Asset Charge Rate multiplied by the Unloaned Accumulated Value. The Unloaned Accumulated Value is equal to a - b where: a = the Accumulated Value at the beginning of the policy month before the current Monthly Deduction is charged; and b = the Loan Account. ICC19 P19VUL Page [18] The Monthly Asset Charge Rate will not exceed the Maximum Monthly Asset Charge Rate shown in the Policy Specifications. Rider or Benefit Charges – Any rider or benefit charges are described in the rider or benefit forms.