Segment Credit Percentage on the Segment End Date will be equal to the following: 1 Add one to each Milestone Credit Percentage; then 2 Multiply each of these sums together; then 3 Subtract one from the result. The amount of the Segment Credit added to this Buffer Milestone Segment Option is equal to A x B, where: A is the Segment Value as of the previous day; and B is the Segment Credit Percentage. Xxxxxx X. Xxxxxxxxx Secretary /s/ Xxxxxx X. Xxxxxxxxx Bailout Endorsement Xxxxxx Xxxxxxx and Life Company Bailout II (01/22) Page 1 Bailout II (01/22) Bailout Endorsement Part of the Contract This endorsement is part of your Contract and is subject to all terms, conditions, and provisions contained in your Contract. Any capitalized terms not defined in this endorsement are defined in the Contract or Strategy Endorsements. To the extent there are any conflicts between this endorsement and your Contract, this endorsement will control. The effective date of this endorsement is the Contract Date. Definitions Bailout Rates A Bailout Rate is a type of threshold rate applicable for each Segment Option that is provided at the time of application and printed in your Segment Contract Schedule. Fixed Segment Options have a Bailout Annual Interest Rate and Index-Linked Segment Options have a Bailout Cap Rate and a Bailout Participation Rate. Initial Segment Term Period Bailout Initial Segment Term Period Bailout If as of the first Segment Start Date the declared Cap Rate, Participation Rate, or Annual Interest Rate for a Segment Option in which you have funds is less than the applicable Bailout Rate specified in your Segment Contract Schedule, you may cancel your Contract during the first [60 days] after the Contract Date. You will receive your Purchase Payment less any Withdrawals without incurring a Withdrawal Charge, Interest Adjustment, or Equity Adjustment. Xxxxxx X. Xxxxxxxxx Secretary /s/ Xxxxxx X. Xxxxxxxxx
Segment Credit Percentage is the percentage multiplied by the Segment Value to determine the Segment Credit. If the Index Change is greater than or equal to zero, then the Segment Credit Percentage on the Segment End Date will be equal to the lesser of (1) and (2), where: (1) = Greater of zero and A x B; and (2) = Greater of zero and B x C; where A is the Index Change; B is the Participation Rate; and C is the Cap Rate. If the Index Change is less than zero, then the Segment Credit Percentage on the Segment End Date will be equal to the lesser of zero and (A + B), where: A is the Index Change; and B is the Buffer Rate. The amount of Segment Credits added to this Buffer Segment Option is equal to A x B, where: A is the Segment Value as of the previous day; and B is the Segment Credit Percentage. Xxxxxx X. Xxxxxxxxx Secretary /s/ Xxxxxx X. Xxxxxxxxx
Segment Credit Percentage is the percentage multiplied by the Segment Value to determine the Segment Credit. If the Aggregate Index Change is greater than or equal to zero, then the Segment Credit Percentage on the Segment End Date will be equal to the lesser of (1) and (2), where: (1) = Greater of zero and A x B; and (2) = Greater of zero and B x C; where A is the Aggregate Index Change; B is the Participation Rate; and C is the Cap Rate. If the Aggregate Index Change is less than zero, then the Segment Credit Percentage on the Segment End Date will be equal to the lesser of zero and (A + B), where: A is the Aggregate Index Change; and B is the Buffer Rate. Buffer Multi-Index Strategy Endorsement Xxxxxx Xxxxxxx and Life Company ICC24 Buffer MI II (05/25) Page 4 ICC24 Buffer MI II (05/25) The amount of Segment Credits added to this Buffer Multi-Index Segment Option is equal to A x B, where: A is the Segment Value as of the previous day; and B is the Segment Credit Percentage. Xxxxxx X. Xxxxxxxxx Secretary /s/ Xxxxxx X. Xxxxxxxxx
Examples of Segment Credit Percentage in a sentence
The Segment Fee Base on any other day is equal to the Segment Value on the Segment Start Date reduced for any Withdrawals deducted from the Segment Option through the prior Business Day.} The Floor Rate is the maximum negative Segment Credit Percentage that may be applied to a Floor Segment Option on the Segment End Date.
More Definitions of Segment Credit Percentage
Segment Credit Percentage is the percentage multiplied by the Segment Value to determine the Segment Credit. The Segment Credit Percentage on the Segment End Date will be equal to the following: (1) Add one to each Milestone Credit Percentage; then
Segment Credit Percentage is the percentage multiplied by the Segment Value to determine the Segment Credit. If the Index Change is greater than or equal to zero, then the Segment Credit Percentage on the Segment End Date will be equal to the Trigger Rate. If the Index Change is less than zero, then the Segment Credit Percentage on the Segment End Date will be equal to the lesser of zero and (A + B), where: A is the Index Change; and B is the Buffer Rate. The amount of Segment Credits added to this Trigger Segment Option is equal to A x B, where: A is the Segment Value as of the previous day; and B is the Segment Credit Percentage. Xxxxxx X. Xxxxxxxxx Secretary /s/ Xxxxxx X. Xxxxxxxxx
Segment Credit Percentage is the percentage multiplied by the Segment Value to determine the Segment Credit. If the Index Change is positive, zero, or negative but fully offset by the Buffer Rate, then the Segment Credit Percentage on the Segment End Date will be equal to the Trigger Rate. If the Index Change is negative and not fully offset by the Buffer Rate, then the Segment Credit Percentage on the Segment End Date will be equal to (A + B), where: A is the Index Change; and B is the Buffer Rate. The amount of Segment Credits added to this Dual Trigger Segment Option is equal to A x B, where: A is the Segment Value as of the previous day; and B is the Segment Credit Percentage. Xxxxxx X. Xxxxxxxxx Secretary /s/ Xxxxxx X. Xxxxxxxxx