Excess Interest

Excess Interest

In whole life insurance, the return on the policy over and above the death benefit that the policy guarantees. The amount of the excess interest (if any) depends on the performance of the portion of the premium that is put in a cash value account and is invested.
References in periodicals archive ?
00% CE provided by classes M-1 through M-11 certificates, monthly excess interest and initial over collateralization (OC) of 1.
Credit enhancement for the 'AAA' rated class A certificates reflects the 37% credit enhancement provided by the M-1 through M-9 and B certificates, monthly excess interest, and initial over collateralization (OC) of 8.
65% CE provided by monthly excess interest and initial OC.
95% credit enhancement provided by the M-1 through M-8, and B-1 certificates, monthly excess interest and initial over collateralization (OC) of 0.
Credit enhancement for the 'BB+' rated class M-10 provided by monthly excess interest and initial OC of 2.
45% credit enhancement provided by classes M-1 through M-11, monthly excess interest and initial over collateralization (OC) of 2.
6% credit enhancement provided by classes M-1 through M-10 certificates, monthly excess interest and initial over collateralization (OC) of 2.
10% credit enhancement provided by classes M-1 through M-11 certificates, monthly excess interest and initial over collateralization (OC) of 1.
75% credit enhancement provided by classes M-6 through M-11 certificates, monthly excess interest and initial OC.
75% credit enhancement provided by classes M-1 through M-4 certificates, B-1 certificate, monthly excess interest and initial overcollateralization (OC) of 0.
55% subordination provided by classes M-1, M-2, M-3, M-4, M-5, M-6, M-7 and M-8, as well as initial overcollateralization (OC) and monthly excess interest.
90% credit enhancement provided by classes M-3 through M-10 certificates, monthly excess interest and initial OC.