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How Interest is Credited – Indexed Strategies

The Monthly Average index change for the S&P 500© between September 29, 2019 and September 29, 2020 is calculated as 4.6%.

For the next Contract year, the Monthly Average Index value between September 29, 2020 and September 29, 2021 will be compared to the value on September 29, 2020 of 3,363.00 to calculate the percentage change.

While there are other ways to calculate this percentage and obtain the same result, the above example follows the formula listed in the Summit Prime policy form.

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