Guaranteed elements definition

Guaranteed elements means the premiums, benefits, values, credits or charges under a policy of life insurance that are guaranteed and determined at issue.

Guaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, non-interest-based credits, charges, or elements of formulas used to determine any of these elements, that are guaranteed and determined at issue. An element is considered guaranteed if all of the underlying elements that go into its calculation are guaranteed.

Guaranteed elements means the premiums, credited interest rates,

Examples of Guaranteed elements in a sentence

• Guaranteed elements used in determining GLB amounts or any other product specifications may be changed for new issues without prior notice or approval, as long as the Statement of Variability presents reasonable and realistic ranges for each guaranteed element.

• Guaranteed elements used in determining the market value adjustment may be changed for new issues without prior notice or approval, as long as the Statement of Variability presents reasonable and realistic ranges for each guaranteed element.

• Guaranteed elements used in determining GMDB amounts or any other product specifications may be changed for new issues without prior notice or approval, as long as the Statement of Variability presents reasonable and realistic ranges for each guaranteed element.

• Guaranteed elements used in determining the credited rate from an index may be changed for new issues without prior notice or approval, as long as the Statement of Variability presents reasonable and realistic ranges for each guaranteed element.

• Guaranteed elements used in determining the bonus benefit may be changed for new issues without prior notice or approval, as long as the Statement of Variability presents reasonable and realistic ranges for each guaranteed element.

More Definitions of Guaranteed elements

Guaranteed elements means the premiums, benefits, values, credits, or charges under a policy that are guaranteed and determined at issue.

Guaranteed elements means the pre- miums, benefits, values, credits or charges under a policy, or elements of formulas used to determine any of these that are guaranteed and determined at issue;

Guaranteed elements means the premiums and credited interest rates, including any bonus, benefits, values, noninterest based credits, charges, or elements of formulas used to determine any of these, that are guaranteed and determined at issue. An element is guaranteed if all of the underlying elements that go into its calculation are guaranteed.

Guaranteed elements means the premiums, benefits, values, credits or charges under a policy of life insurance or an annuity contract that are guaranteed and determined at issue.

Guaranteed elements means [the ]a premium[s], benefit[s], value[s], credit[s], or charge[s] under a life insurance policy [of life insurance ]that [are ]is guaranteed and determined at issue.

Guaranteed elements means the premiums, benefits, values,

Guaranteed elements means the premiums, benefits, values, credits or charges under [a policy of life insurance or] an annuity that are guaranteed and determined at the time the [policy] annuity is issued.