Nonguaranteed elements definition

Nonguaranteed 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 subject to company discretion and are not guaranteed at issue. An element is considered nonguaranteed if any of the underlying nonguaranteed elements are used in its calculation.

Nonguaranteed elements means the premiums, benefits, values, credits, or charges under a policy of life insurance that are not guaranteed or not determined at issue.

Nonguaranteed elements means the premiums, credited interest rates

Examples of Nonguaranteed elements in a sentence

• Non-guaranteed elements such as dividend yields should be determined according to the best estimate of the Actuary in light of the emerging investment return.

• Non-guaranteed elements should not be based on a scale more favorable tothe policyowner than the insurer’s illustrated scale at any duration.

• Nonguaranteed elements would mean the premiums, credited interest rates (including any bonus), benefits, values, dividends, non-interest-based credits, or charges, or elements of formulas used to determine any of these, that are subject to company discretion and are not guaranteed at issue.

• Venue will have no further obligation and retain any monies already paid as liquidated damages.

• Non-guaranteed elements must be based on insurer‟s current scale and must contain a statement that they are not guaranteed.

More Definitions of Nonguaranteed elements

Nonguaranteed 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, that are subject to company discretion and are not guaranteed at issue. An element is considered non-guaranteed if any of the underlying non-guaranteed elements are used in its calculation.

Nonguaranteed 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 subject to company discretion and are not guaranteed at issue. An element is considered nonguaranteed if any of the underlying nonguaranteed elements are used in its calculation. “Structured settlement annuity” means a “qualified funding asset” as defined in Section 130(d) of the Internal Revenue Code or an annuity that would be a qualified funding asset under Section 130(d)

Nonguaranteed elements means the premiums, and credited interest rates, including any

Nonguaranteed elements means the:

Nonguaranteed elements means the premiums, benefits, values, credits, or charges under a life insurance policy or an annuity contract that are not guaranteed or not determined at issue.

Nonguaranteed elements means the premiums, credited interest rates (including any bonus),

Nonguaranteed elements means the premiums, credited interest rates (including any bonus), benefits, values, noninterest-based credits, and charges or elements of formulas used to determine any of these items that are subject to insurer discretion and are not guaranteed at issue. An element is considered