INTEREST TO BE CREDITED. The Credited Interest Rate for the Guarantee Period(s) of the MVA Account is shown on the Contract Schedule. After the initial Guarantee Period, the Credited Interest Rate for any subsequent Guarantee Period of the MVA Account may change. All interest payable under this Contract is compounded daily at the stated effective annual interest rate. In no event will the Credited Interest Rate be less than the Minimum Guaranteed Interest Rate, prior to the application of the Market Value Adjustment, specified on the Contract Schedule. GUARANTEE PERIOD: The Current MVA Account Guarantee Period is shown on the Contract Schedule. During the thirty (30) days prior to the end of a current Guarantee Period, the Owner may renew for the same or any other Guarantee Period then available at the then Credited Interest Rate or may elect to transfer all or a portion of the amount to a Fixed Account option, if available, or to the Variable Account. Any transfer elected during the thirty (30) days prior to the end of a current Guarantee Period will be made as of the date the request is received by the Company and will not be subject to any Market Value Adjustment. If the Owner does not specify a Guarantee Period at the time of renewal, the Company will select and transfer to the same Guarantee Period as has just expired, so long as such Guarantee Period does not extend beyond the latest Annuity Date that can be selected by an Owner. If such Guarantee Period does extend beyond the latest Annuity Date, the Company will choose the one year period. If there is no Guarantee Period for the same period available, the one year period will be selected. If the one year period is no longer available, the next longest period available will be selected.

INTEREST TO BE CREDITED. We guarantee that the interest to be credited to any fixed account will not be less than the minimum guaranteed interest rate shown on the contract data page or any supplemental data page. We may credit additional interest at our sole discretion to Fixed Account I. Declared interest will be guaranteed for one contract year. THE VARIABLE ACCOUNT

INTEREST TO BE CREDITED. A DCA Interest Segment is a portion of the DCA Option that is created when you allocate all or part of an Invested Purchase Payment to the DCA Option. We credit interest to the amount in each DCA Interest Segment daily at the daily equivalent of a specific rate declared for that DCA Interest Segment until the earliest of: 1) the date the amount in the DCA Interest Segment is transferred out of the DCA Interest Segment; 2) the date the amount in the DCA Interest Segment is withdrawn; 3) the date as of which any death benefit payable is determined, and 4) the Annuity Date. The initial Interest Segment Interest Rate applicable for Invested Purchase Payments allocated to the DCA Option on the Contract Date is shown on the Contract Data pages. Interest rates for future allocations to the DCA Option will be declared on or before the date when those allocations are made. The declared rates will never be less than the Minimum Guaranteed Interest Rate shown on the Contract Data pages. The current effective interest rates can be found by contacting the representative who sold you this Contract or by calling the Annuity Service Center. TRANSFERS: Invested Purchase Payments allocated to the DCA Option are transferred systematically on a periodic basis to the Variable Investment Options which you have specified. We will transfer the amount allocated in a series of equal payments on each transfer date such that the amount of each payment corresponds to the number of payments for the period selected for the transfers. The final transfer includes the interest credited during the period (but see below for the effect of withdrawals). The first periodic transfer from the DCA Option is made as of the date of the allocation of the applicable Invested Purchase Payment. Subsequent transfers are made on the periodic anniversary of the first transfer (for example, monthly or quarterly). The final transfer amount includes the interest credited during the elected period. Once the initial transfer has been processed, the transfer period may not be changed. The Variable Investment Options to which the transfers are being made may be changed. Transfers from the DCA Option do not count toward the maximum number of free transfers permissible under the Contract. EFFECT OF WITHDRAWALS ON TRANSFERS: Withdrawals from the DCA Option are permitted. We will recalculate the periodic transfer amount to reflect the reduction in the DCA Option caused by the withdrawal. This recalculation may includ...

Examples of INTEREST TO BE CREDITED in a sentence

INTEREST TO BE CREDITED The Company will credit interest to the Fixed Account Contract Value.
INTEREST TO BE CREDITED: The Initial Current Interest Rate for the Initial Guarantee Period of the MVA Account is shown on the Certificate Schedule.
INTEREST TO BE CREDITED: The Initial Current Interest Rate for the Initial Guarantee Period of the MVA Account is shown on the Contract Schedule.
THE BOARD MAY MAKE RULES RELATING TO INSTALLMENT OR DEFERRED PAYMENTS WITH RESPECT TO AWARDS, INCLUDING THE RATE OF INTEREST TO BE CREDITED WITH RESPECT TO SUCH PAYMENTS.
INTEREST TO BE CREDITED: The Credited Interest Rate for the Guarantee Period(s) of the MVA Account is shown on the Certificate Schedule.

More Definitions of INTEREST TO BE CREDITED

INTEREST TO BE CREDITED. The Company guarantees that the interest rate credited to the General Account will not be less than the Minimum Guaranteed Interest Rate for the General Account shown on the Contract Schedule. The Company may credit additional interest at its sole discretion. SEPARATE ACCOUNT PROVISIONS

INTEREST TO BE CREDITED. The Company guarantees that the interest to be credited to the Fixed Account will not be less than the amount specified in the Contract Schedule. The Company may credit additional interest at its sole discretion. Such additional interest shall be credited at a rate which is set in advance and effective for at least one year.

INTEREST TO BE CREDITED. The Initial Current Interest Rate for the Initial Guarantee Period of the MVA Account is shown on the Certificate Schedule. After the Initial Guarantee Period, the Current Interest Rate for any subsequent Guarantee Period of the MVA Account may change. All interest payable under a Certificate is compounded daily at the stated effective annual interest rate. In no event will the Current Interest Rate be less than the Minimum Guarantee Interest Rate, prior to the application of the Market Value Adjustment, specified on the Contract Schedule.

INTEREST TO BE CREDITED. The Company guarantees that the interest to be credited to the Fixed Account will not be less than the Minimum Guaranteed Interest Rate shown on the Contract Schedule. The Company may credit additional interest, at its sole discretion, for any Fixed Account option. The Fixed Account Option and the Initial Current Interest Rate are shown on the Contract Schedule. CERTIFICATE HOLDER'S ACCOUNT VALUE The Certificate Holder's Account Value for any Valuation Period is the sum of the Certificate Holder's Account Value in each of the Sub-Accounts of the Separate Account, the Certificate Holder's Account Value in the MVA Account and the Certificate Holder's Account Value in the Fixed Account. The Certificate Holder's Account Value in a Sub-Account of the Separate Account is determined by multiplying the number of Accumulation Units allocated to the Certificate Holder's Account for the Sub-Account by the Accumulation unit Value. Withdrawals will result in the cancellation of Accumulation Units in a Sub-Account or a reduction in the Fixed Account or the MVA Account, as applicable. CERTIFICATE MAINTENANCE CHARGE DEDUCTION FOR CERTIFICATE MAINTENANCE CHARGE: During the Accumulation Period, on each Certificate Anniversary, the Company deducts a Certificate Maintenance Charge from the Certificate Holder's Account Value by reducing the Certificate Holder's Account Values in the Fixed Account and/or the MVA Account and by cancelling Accumulation Units from each applicable Sub-Account to reimburse it for expenses relating to maintenance of the Certificate. The Certificate Maintenance Charge will be deducted from the Fixed Account and/or the MVA Account and the Sub-Accounts in the Separate Account in the same proportion that the amount of Certificate Holder's Account Value in the Fixed Account and/or the MVA Account and each Sub-Account bears to the total Certificate Holder's Account Value. The Certificate Maintenance Charge is shown on the Contract Schedule. During the Accumulation Period, the Certificate Maintenance Charge will be deducted from the Certificate Holder's Account Value on each Certificate Anniversary while the Certificate is in force. If a total withdrawal is made on other than a Certificate Anniversary, the Certificate Maintenance Charge will be deducted at the time of withdrawal. TRANSFERS TRANSFERS PRIOR TO THE ANNUITY DATE: Subject to any limitation imposed by the Company on the number of transfers during the Accumulation Period shown on the Contract Sche...

INTEREST TO BE CREDITED. The initial Current Interest Rate for the initial Guarantee Period of the IA Account is shown on the Contract Schedule. After the initial Guarantee Period, the Current Interest Rate for any subsequent Guarantee Period of the IA Account may change. All interest payable under a Contract is compounded daily at the stated effective annual interest rate. In no event will the Current Interest Rate be less than the Minimum Guaranteed Interest Rate specified on the Contract Schedule.

INTEREST TO BE CREDITED definition

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