Examples of Index Floor in a sentence
The Index Floor Rate is declared for each Index Segment in advance of each Index Period, and is guaranteed to never be less than 0%.
The Index Participation Rate will be declared for each Index Segment in advance of each Index Period, but it will never be less than the Minimum Index Participation Rate shown in the policy.3. An Index Floor Rate is the minimum interest rate that is used in the calculation of the Index Credit.
The resulting interest crediting rate can never be less than the Index Floor Rate (0%) and can never be more than the annual Index Cap Rate.
Each premium has its own bucket.• Each Index Segment receives its own Index Credit (if any) on the Index Crediting Date (the first business day on or after the end of the Index Period).• The Index Credit is affected by partial withdrawals, and it is subject to the Index Participation Rate, the Index Cap Rate and the Index Floor Rate.• The Index Credit will never be less than zero.• Index Segments automatically renew for another year unless a transfer occurs.
Each premium has its own bucket.• Each Index Segment receives its own Index Credit (if any) on the Index Crediting Date (the first business day on or after the end of the Index Period).• The Index Credit is affected by partial withdrawals, and it is subject to the Index Participation Rate, the Index Cap Rate, the Index Floor Rate, and the Index Spread Rate.