Course Outline
Interest Rates
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
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 AssureLINK
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
Encore – first two policy years
