Today's Indicative Rates
Indicative rates, although not guaranteed, can provide an estimate of how the Cap Rate and Participation Rate may be set on the Initial Segment Start Date.
The Cap Rate and Participation Rate are used in combination to determine Segment Credits when the Index Change is positive. The Cap Rate establishes the maximum positive Index Change used to calculate Segment Credits for Index-Linked Segment Options before the Participation Rate is applied. The Participation Rate is a percentage that is multiplied by a positive Index Change after the Cap Rate is applied. The Participation Rate is guaranteed to never be less than 100%.
6-Year Segment Options are only available in the first Contract Year.
With Milestone Lock, the Cap and Participation Rate are applied whenever a milestone is achieved, providing the opportunity for the rates to apply up to six times during the Segment Term Period.
If the declared Cap Rate, Participation Rate or Annual Interest Rate for an elected Segment Option at the Initial Segment Start Date is lower than the Bailout Rate, the Contract may be canceled within 60 days after the Contract Issue Date. In this event, the Purchase Payment less any Withdrawals will be returned.
Bailout Cap Rates listed as “No Cap” indicate an uncapped, or unlimited, Bailout Cap Rate. If a Cap Rate other than “No Cap” is applied to the Segment Option on the Initial Segment Start Date, any Contract which elected that Segment Option would be eligible to use the Bailout cancellation provision.
Previously Declared Rates
Rates will be declared on the first Segment Start Date, 2/8/2022.
Segment Start Dates occur on the 8th and 22nd of each month. Purchase Payments are allocated to the elected Segment Options on the first Segment Start Date after the Contract Issue Date. Prior to the Initial Segment Start Date, Purchase Payments are allocated to a Holding Account where a fixed rate of interest will be added daily to the Contract Value.