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 may be shown if described in the contract.

  • Nonguaranteed elements may be shown if described in the contract.

  • Non-guaranteed elements that represent the payments of retained surplus, other than divisible surplus under participating contracts, may be excluded from these calculations.

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

  • Non-guaranteed elements (“NGEs”), as defined in Section 1.B.12 of VM-20, refer to charges or credits to a policyholder’s account value, benefit, premium, or consideration that are both established and which may be adjusted at the discretion of an insurance company.


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, credited interest rates including any bonuses,
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, and credited interest rates, including any
Nonguaranteed elements means any element within a policy, other than policy dividends, which affects policyholder costs or value, and which may be changed at the discretion of the writing company after issue, including, as examples, excess interest, mortality charges or expense charges or mortality and expense risk charges lower than those guaranteed in the policy, indeterminate premiums and participation rates for equity-indexed products and excluding elements that contractually follow a separate account or a defined index.
Nonguaranteed elements means the elements under an annuity the values of which are not