Assumed Investment Rate definition

Assumed Investment Rate means the rate of investment return which would be required to be credited to a variable life insurance policy, after deduction of charges for taxes, investment expenses, and mortality and expense guarantees to maintain the variable death benefit equal at all times to the amount of death benefit, other than incidental insurance benefits, which would be payable under the plan of insurance if the death benefit did not vary according to the investment experience of the separate account.

Assumed Investment Rate means, at any time, LIBOR (or, if an Alternate Base Rate is in effect, such Alternate Base Rate) minus 0.50% per annum; provided that the Assumed Investment Rate shall not be less than 0.00%.

Assumed Investment Rate means, at any time, SOFR (or, if an Alternate Base Rate is in effect, such Alternate Base Rate) minus 0.50% per annum; provided that the Assumed Investment Rate shall not be less than 0.00%.

Examples of Assumed Investment Rate in a sentence

• For a variable payment plan, the present value of any unpaid income payments will be based on interest at the Assumed Investment Rate used in calculating the amount of the variable payments.

• When a variable payment plan is effective on an alternate rate basis, the Daily Adjustment Factor described in Section 11.3 will be determined based on the Assumed Investment Rate used in calculating the alternate payment rate.

• The value of an Annuity Unit on any Valuation Date is the product of: • the Annuity Unit value on the immediately preceding Valuation Date; • the Net Investment Factor for the period from the immediately preceding Valuation Date up to and including the current Valuation Date (the current period); and • the Daily Adjustment Factor of .99990575 raised to a power equal to the number of days in the current period to reflect the Assumed Investment Rate of 3.50% used in calculating the monthly payment rate.

• Monthly payment rates are based on an Assumed Investment Rate of 3 1/2% and the 1983 Table a with Projection Scale G.

• Under Option K, the applicable payment option rate will be based on the number of payments to be made during the specified period and the Assumed Investment Rate.

More Definitions of Assumed Investment Rate

Assumed Investment Rate means, at any time, the Benchmark minus 0.50% per annum; provided that the Assumed Investment Rate shall not be less than 0.00%.

Assumed Investment Rate means the rate of investment return which would be required to be credited to a variable life

Assumed Investment Rate means an assumed investment rate as specified in the schedule pages. We use this rate to determine the first payment under variable Annuity Payment Options I, J, K, M and N. Future payment amounts under these options will depend on the relationship between the Assumed Investment Rate and the actual investment performance of each Investment Option as reflected in the Investment Option's Annuity Unit Value. The Assumed Investment Rate is the net annual investment return that will need to be earned by each Investment Option of the Separate Account for there to be no reduction in the amount of the monthly payments under these options.

Assumed Investment Rate. 4.00% per annum.

Assumed Investment Rate means, at any time, LIBOR (or, if an Alternate Base Rate is in effect, such Alternate Base Rate)the Benchmark minus0.50% per annum; provided that the Assumed Investment Rate shall not be less than 0.00%.

Assumed Investment Rate. The assumed annual rate of return used to calculate the amount of the variable income payments.

Assumed Investment Rate. 3.75% per annum.