Segment Duration definition
Examples of Segment Duration in a sentence
Such Beneficiary or surviving Joint Owner who may not allocate amounts to a Segment due to the Segment Duration limitations discussed in the former sentence, may only allocate amounts to the Variable Investment Option.
Segment Maturity Date - The Segment Maturity Date is the date each Segment matures, which is at the end of a Segment Duration.
On the Segment Maturity date, the Index Credit is equal to the Index Performance less the Segment Minimum Interest Rate multiplied by the MASV for the segment for the just completed Segment Duration.
On the Segment Maturity date, the Index Credit is equal to the Index Performance multiplied by the MASV for the segment for the just completed Segment Duration.
Monthly Average Segment Value (MASV) - The sum of the Segment Values on each Monthly Anniversary during the Segment Duration divided by the number of months in the Segment Duration.
Guaranteed Participation Percentage: 100% Guaranteed Cap Percentage: 3% Segment Minimum Interest Rate: 1% Segment Duration 12 Months * *Any Segment created on the Policy’s first monthly anniversary will have a Segment Duration of one month less than the Segment Duration shown above.
Guaranteed Participation Percentage: 100% Guaranteed Cap Percentage: 5% Segment Minimum Interest Rate: 0% Asset Charge Percentage: 0.125% Segment Duration: 12 Months* *Any Segment created on the Policy’s first monthly anniversary will have a Segment Duration of one month less than the Segment Duration shown above.
The Segment Minimum Interest Rate is an annual rate and will be used to calculate the monthly credited interest during the Segment Duration.