Question: A guaranteed cap rate, when specified, normally is applied to a. index interest crediting strategies that use a single interest rate for the entire period.

A guaranteed cap rate, when specified, normally is applied to

  • a. index interest crediting strategies that use a single interest rate for the entire period.
  • b. declared-rate annuity interest crediting.
  • c. index interest crediting strategies that employ averaging.
  • d. annuities crediting bonus interest.

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