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*What is the Trigger?

Back To Key Terminology

The Trigger is the Cumulative Index Change in the Index which is necessary to result in a Payout to the Contract Holder. The Trigger is expressed as a negative percentage and must always have a value greater than the Cap (i.e., if the Cap is -20%, then the Trigger is -10% or -5%, etc.). The Contract's Trigger is detailed in the Summary of Key Terms and Conditions.

For more information about these terms, please refer to the respective FAQs: "What is the Cumulative Index Change?", "What is the Index?", "What is the Payout?", "What is the Contract Holder?", "What is the Cap?", "What is the Contract?", and "What is the Summary of Key Terms and Conditions?".

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