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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Declared Renewal Interest Rate |
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The interest rate declared by the company (usually annually), that your fixed-rate deferred annuity's account value earns after the initial interest rate period. Although the company can change the declared rate periodically, the declared rate cannot be less than the minimum guaranteed rate specified in the policy (usually 3 to 4 percent). See also Initial Interest Rate and Declared Interest Rate. |
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Learn More about Life Insurance
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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