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.

• While we see the importance of taking into account all the different aspects of social influence, there is not always data available for the calibration of models, and also the models might become intractable.

• 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.

• Nonguaranteed elements that aren’t mortality related—such as credited interest rates, expense charges, and policy fees—should not be assumed to be available in assessing pricing flexibility to respond to adverse mortality experience.The product categories were designed to typically reflect the following categorizations shown in Table1.

• Nonguaranteed elements that aren’t mortality related—such as credited interest rates, expense charges, and policy fees—would typically not be assumed to be available in assessing pricing flexibility to respond to adverse mortality experience.

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:

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.