Assumed Interest Rateassumed Investment Return Air

Definition of "Assumed interest rate/assumed investment return (air)"

Beth Ann Muehling PLLC
Beth Ann Muehling PLLC Xena Vallone Realty Inc

Percentage return appropriated by the insurer for an immediate variable annuity when the insurer calculates the initial income payment to the annuitant. If the variable annuity's underlying portfolio has a net return greater than or less than the AIR, the income payments will increase or decrease accordingly.

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