(p86) - Spooner

Q Did you expect to get the approximately 9.6 interest rate shown in the current basis B values each and every year?
A No, not each and every year. That was just the average over time.
Q What did you expect that you would get?
A The expectation was we would get whatever the performance was that year, applying the caps and participation rate with at least the two and a half percent minimum. So that calculation would be applied to the policy on a yearly basis.
Q What was your expectation over time as to what you would receive?
A The expectation was that we would get something very close to this, maybe a little bit more and maybe a little bit less, but certainly close to these numbers.

2014 0415 – DOC 808 – Trial Transcript – Walker v LSW – 229p