Before covering the different aspects of interest rates, it’s important to understand how rates are applied.

During the 12-month earnings period, the applicable rates of earnings on the initial premium or any supplemental premium, net of withdrawals and any maintenance fees are credited to the annuitant’s account. 

The initial earnings period begins on the date of premium receipt. Subsequent earnings periods begin on the anniversary date of premium receipt, except in Oregon, where subsequent earnings periods for any supplemental premiums received begin on the policy anniversary. 

During the initial earnings period, the rates credited on the initial premium and any supplemental premiums are the declared interest rates. The declared interest rate includes any interest bonus and is the rate in effect on the date of premium receipts. 

Earnings Period

• 12-month period where the rate of earnings on initial premium or any supplemental premium, net of withdrawals and maintenance fees, is credited
• Initial earnings period begins on date of premium receipt
• Subsequent earnings periods begin on anniversary date of premium receipt

Declared Interest Rate

• During initial earnings period, rates credited on initial premium and supplemental premium are the declared interest rates
• The declared interest rate includes any interest bonus and is the rate in effect on date of premium receipt

After the initial earnings period, the premium is credited with the current earnings rate, which is effective for each subsequent 12-month earnings period as specified by Assurity.

Rates applicable for initial and subsequent earnings periods are posted at the beginning of each month. These can be found on the Assurity Agent Center. 

The guaranteed interest rate is the minimum rate to be credited on the annuitant’s account shown on the policy schedule. 

A bonus interest may be included in the declared interest rate credited to the annuitant’s account. For the Plus One annuity, the bonus rate applies for the first policy year and will not exceed 1 percent. For the Encore annuity, the bonus rate applies for the first two policy years and will not exceed 2 percent.

Current Earnings Rate

• After initial earnings period, premium is credited at the current earnings rate; effective for each subsequent earnings period at a specified rate

Interest Rate Bulletin

• Rates are posted at the beginning of month on the Agent Center

Guaranteed Interest Rate

• The minimum rate to be credited on the annuitant’s account also shown on the policy schedule

Bonus Interest

• May be included in declared interest rate credited:
• Plus One – first policy year not to exceed 1 percent
• Encore – first two policy years not to exceed 2 percent