Froogled By:: Elias Makere, FSA, MAAA
Last Froogled:: 6/7/2026

ASOP 2 | §2.3 | GUARANTEED ELEMENT

A premium, value, charge, or benefit that limits an NGE. Guaranteed elements are specified in the policy. Examples of guaranteed elements include maximum premium charges, maximum expense charges, minimum credited interest rates, maximum cost of insurance charges, maximum gross premiums, minimum index parameters, maximum mortality and expense (M&E) risk charges, and maximum policy loan interest rates.

ASOP 2 | Commentary Section 2.3 | COMMENT ON SECTION 2.3

Section 2.3, Guaranteed Element
Comment	Response
One commentator suggested adding “typically” before “specified in the policy” and in the example sentence.	The reviewers believe the language is appropriate and made no change.

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ASOP 2 | §2.3 | GUARANTEED ELEMENT

ASOP 2 | Commentary Section 2.3 | COMMENT ON SECTION 2.3

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