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Question 1 of 2
1. Question
Carla’s indexed annuity contract uses a long term point to point index strategy to determine index interest and has a 75% participation rate but no cap rate or spread. If the applicable index closing level at the start of the index term was 1000 and at the end of the index term was 1200, what interest rate would be applied to the funds credited to the index strategy?
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Question 2 of 2
2. Question
Bill’s indexed annuity contract uses a long term point to point index strategy to determine index It has a 2% spread, a 100% participation rate and no cap rate. If the applicable index closing level at the start of the index term was 1000 and at the end of the index term was 1100, what interest rate would be applied to the funds credited to the index strategy?
