Common use of Initial Interest Rate Clause in Contracts

Initial Interest Rate. The rate(s) of interest credited to any portion of the Initial Purchase Payment allocated to the DCA Account Option(s), as described in the Accumulation Provisions section. The Initial Interest Rate(s) for this Contract is/are listed on page 4. The Initial Interest Rate may not be less than the Minimum Guaranteed Rate as shown on the Contract Data Page. The Internal Revenue Code of 1986 or as it may be amended or superseded.