Interest Crediting. Interest is credited based upon a 30/360 basis, applied to the Fund Balance each day. Periodic Payouts: On the 15th of each May and November, GLAIC will pay the Policyholder all accrued and unpaid interest (if such date is not a Business Day, the Periodic Payout will be made on the next following Business Day, and in such cases the amount of interest shall not be adjusted for non-Business Days) (each, an “Interest Payment Date”); provided, however, that the final Periodic Payout shall be on the Maturity Date, on which date all accrued and unpaid interest will be paid.
Interest Crediting. Interest is credited based upon a 30/360 basis, applied to the Fund Balance each day.
Interest Crediting. Any Cash Value allocated to the Policy Loan Account will be credited interest daily. The guaranteed minimum annual effective rate is shown on the Policy Data Page. Interest in excess of the minimum guaranteed rate may be credited. Any Cash Value allocated to the Fixed Account will be credited interest daily. The guaranteed minimum annual effective rate is shown on the Policy Data Page. Interest in excess of the minimum guaranteed rate may be credited. Where required, we have filed our method for determining current interest rates with the Insurance Department of the state in which this Policy was delivered.
Examples of Interest Crediting in a sentence
Exchange amounts removed from the Indexed Account will not receive any interest credited on the Interest Crediting Date of the Fixed Indexed Annuity contract.
Interest Crediting: Interest is credited based upon a 30/360 basis, applied to the Fund Balance each day.
SDCERS’ Internal Auditor, Robert Wilson, is eligible to enter DROP within one year and has recused himself from participating on discussions relating to DROP Interest Crediting.
Steven Meyer and Mark Sullivan are DROP participants and have recused themselves from participation in discussions and votes relating to DROP Interest Crediting.
Interest shall be paid on any such refunds at Variable Interest Crediting Rate for each Plan Year, compounded annually.
More Definitions of Interest Crediting
Interest Crediting. Any Cash Value allocated to the Policy Loan Account will be credited interest daily, based on the policy loan interest crediting rate. The guaranteed minimum annual effective rate is shown on the policy data page. Interest in excess of the minimum guaranteed rate may be credited. Any Cash Value allocated to the Fixed Account will be credited interest daily, based on the Fixed Account interest crediting rate. The guaranteed minimum annual effective rate is shown on the policy data page. Interest in excess of the minimum guaranteed rate may be credited. The current interest rate in effect at the time of transfer to the Fixed Account will be guaranteed through the end of the calendar quarter in which such transfer was made. Thereafter, any excess interest rates will be guaranteed for the following three months. Where required, we have filed our method for determining current interest rates with the Insurance Department of the state in which this policy was delivered.
Interest Crediting. Interest is credited based on a [30-day month and using a 360-day year], applied to the Fund Balance each day.
Interest Crediting means the crediting of interest for a Director’s Deferred Cash Account pursuant to Section 7.3(b)(i) of the Plan which interest shall be calculated at interest rates determined by the Administrator.
Interest Crediting. We credit interest daily to Fixed Account I at the minimum guaranteed interest rate shown on the policy schedule. We may credit excess interest to Fixed Account I in an amount which we will declare from time to time. Declared interest rates will be guaranteed for one Policy Year.
Interest Crediting. Any Cash Value allocated to the Policy Loan Account will be credited interest daily. The guaranteed minimum annual effective rate is 3%. Interest in excess of the minimum guaranteed rate may be used. Any Cash Value allocated to the Fixed Account will be credited interest daily. The guaranteed minimum annual effective rate is 3%. Interest in excess of the minimum guaranteed rate may be used. The current interest rate in effect at the time of transfer to the Fixed Account will be guaranteed through the end of the calendar quarter. Thereafter, any excess interest rates will be guaranteed for the following three months. Where required, we have filed our method for determining current interest rates with the Insurance Department of the state in which this Policy was delivered.
Interest Crediting. Any Cash Value allocated to the Policy Loan Account will be credited interest daily. The guaranteed minimum annual effective rate is shown on the Policy Data Page. Interest in excess of the minimum guaranteed rate may be credited. Any Cash Value allocated to the Fixed Account will be credited interest daily. The guaranteed minimum annual effective rate is shown on the Policy Data Page. Interest in excess of the minimum guaranteed rate may be credited. The current interest rate in effect at the time of transfer to the Fixed Account will be guaranteed through the end of the calendar quarter. Thereafter, any excess interest rates will be guaranteed for the following three months.
Interest Crediting. Interest is credited based upon a 30/360 basis, applied to the Fund Balance each day. Periodic Payouts: On the 15th of each March and September, GLAIC will pay the Policyholder all accrued and . unpaid interest (if such date is not a Business Day, the Periodic Payout will be made on the next following Business Day, and in such cases the amount of interest shall not be adjusted for non-Business Days) (each, an “Interest Payment Date”); provided, however, that the final Periodic Payout shall be on the Maturity Date, on which date all accrued and unpaid interest will be paid Optional Repayment: Optional Repayments under Section 2.2 of the Policy may be made solely with respect to the “Survivor’s Option” described in Pricing Supplement No. 015 dated March 10, 2008 to the Prospectus Supplement dated December 9, 2005 related to the Program.