NGE

Any premium, charge, or benefit within an insurance policy that affects policy costs or values, is not guaranteed in the policy, and can be changed at the discretion of the insurer. An NGE may provide a more favorable value to the policyholder than an element that is guaranteed in the policy. Examples of nonguaranteed charges or benefits include credited interest in excess of the minimum guaranteed rate, cost of insurance (COI) charges, bonuses, indeterminate premiums, index parameters, and expense charges.