| Determines the basis points to be used for either a) the bonus interest (added to the base rate) that funds will earn in a fixed annuity, or b) the sales charge that will be applied to deposited funds. See RangeRateType to determine a) or b). The breakpoint level is based on either Premium or Account Value depending upon LOI or ROA type. If RangeRateType is Interest Rate Bonus then this is the credited interest rate bonus for this breakpoint level. If RangeRateType is Sales Charge then this is the front end sales charge applied at this breakpoint level.Basis points, otherwise known as bps or "bips," are a unit of measure used in finance to describe the percentage change in the value of financial instruments or the rate change in an index or other benchmark. One basis point is equivalent to 0.01% (1/100th of a percent) or 0.0001 in decimal form. For example, 200 basis points is equivalent to 2%. |