Examples of Segment Maturity Value in a sentence
Check here if you wish to rollover your Market Stabilizer Option Segment Maturity Value to a new Segment.
You may specify the investment option allocation percentages for the rollover of the Segment Maturity Value.
If this box is not checked, indicate allocations for rollover of the Segment Maturity Value below.
The charge is calculated by multiplying the dollar amount being applied to create an Index Segment by the applicable Indexed Interest Strategy charge rate.Index Segment(s) - A division of an Indexed Interest Strategy created on a Sweep Date by the allocation of net premium, reallocation of Index Segment Maturity Value, and/or transfer of Accumulated Value from the Fixed Interest Strategy to an Indexed Interest Strategy.
Index Segment Maturity Value - The Accumulated Value of an Index Segment on its Index Segment maturity date after any interest is credited.Minimum Required Fixed Interest Strategy Allocation (MRFISA) - A dollar amount equal to the estimated Monthly Deductions for a 12 month period, assuming no changes to the policy during that policy year.
This amount is determined each year and until this requirement is met, no value will be allocated into an Indexed Interest Strategy.Reference Index - One or more market indexes associated with an Indexed Interest Strategy.Sweep Date - The date on which net premiums and loan repayment allocations, reallocation of Index Segment Maturity Value, and/or transfers of Accumulated Value from the Fixed Interest Strategy to an Indexed Interest Strategy to create new Index Segments.
We reserve the right to restrict the ability to reallocate all or part of a Segment Maturity Value to Sub- Account(s).
Any percentage decline in a Segment’s Index Performance Rate in excess of the Segment Buffer reduces your Segment Maturity Value.
No transfer charge will be assessed for such transfer, nor will it count against, or be subject to, any transfer limitations then in effect.2. Upon each Index Account Segment's Maturity, reallocate the Segment Maturity Value into the Fixed Account.
If the same type of Indexed Segment is not available, your Segment Maturity Value will be moved to the LVIP PIMCO Low Duration Bond Fund.