Segment Indexed Interest definition
Segment Indexed Interest. At Segment Maturity, the Segment Indexed Interest is calculated, as described in the Policy Specifications, and credited to the Segment, resulting in the Segment Maturity Value. At Segment Maturity the maturing Segment ends and the Segment Maturity Value will be reallocated to the Fixed and Indexed Accounts according to your reallocation instructions on file with us. If you have not given us any such instructions, the Segment Maturity Value will be reallocated to a new Segment in the same Indexed Account. However, if the Segment Maturity Value consists only of the Segment Guaranteed Interest and the Segment Indexed Interest, we will transfer such value into the Fixed Account.
Segment Indexed Interest. Segment Indexed Interest is calculated as described in the Policy Specifications. Upon a policy termination, no Segment Indexed Interest will be credited to the Indexed Account Value for any Segment that has not yet reached Segment Maturity. Segments will not be reinstated upon reinstatement of the Policy.
Examples of Segment Indexed Interest in a sentence
At Segment Maturity, the Segment Indexed Interest, if any, is calculated and credited to the Segment, resulting in the Segment Maturity Value.