How Index-Linked Annuity Interest Crediting Works
Aplus Legal Advice | 2022.08.31 22:19 | 683 views
The monthly point-to-point index change is determined by subtracting the prior months index value from current months index value and dividing it by the prior month’s index value. If this results in a positive monthly point-to-point index change and is not more than the declared cap, then it is used as the capped index change for that month. If it is more than the declared cap, then we use the declared cap as the capped index change for that month
