Annual Reset w/ Monthly Average continued Year 2 Accum Value = $105,200 Pol index date 1/15/05 index value = 1100 Avg index value on 15 th day of month for next 12 mo = 920 (Negative index return) No reduction to AV (Ratcheting) Min Guar Value = 100K @ 1.5% for 2yrs = $103,023 If client cancels they get the higher of $105,200 or $103,023, less surrender charges (2 Lines of Money) End of Yr 2 AV = $105,200
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