How did you think the floor & caps were determined?Hmmm, good question. Let me flip to some pages that google brought up."Cap rates are subject to change by the insurance company.""Please note that the "Cap" percentages are subject to change at [our] sole discretion""The Index Growth Cap is subject to change at our discretion, both up and down""Cap changes are not tied to the performance of the underlying index and may be based on interest rates, market volatility, and other factors. Index Growth Caps and Floors may be different in selected states.""The two most critical factors that determine a cap rate are the yield environment and market volatility. As a result of the current environment, we will be adjusting the cap rates"**********From the same hits, discussing the gain credited to the account:"Index growth,excluding dividends, for that period assumes a hypothetical Index Cap of 12% with a 0% floor.""... the difference between the index’s value at the beginning and end of the 1-year segment. subject to the cap and floor established by [the company].""based on the performance of the S&P 500® Index (using an index growth cap and floor) on an annual point-to-point basis"
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