How does the minimum guarantee work?

Index account options in FFIUL will never be credited less than the guaranteed minimum interest rate (floor) of 0.75% and have the potential to be credited with Excess Index Interest up to the Cap.  

For each of the index account options, there is a defined cap. For the Global Index Account, the current cap on credited interest is 13.00%, with the S&P 500® the current cap is 12.00%. Transamerica credits interest to the Basic Interest Account at rates declared in advance by the Company. This account option is not an index account and does not include a cap. 

Caps are set by Transamerica Premier Life Insurance Company at its discretion and are subject to change. The Cap for any Segment may increase or decrease after the end of a Segment Period but will not be less than the current interest rate on the Basic Interest Account.