Fixed Account Options definition

Fixed Account Options. [1 Year Fixed, 6 Month DCA Fixed, 1 Year DCA Fixed, 2 Year DCA Fixed] ¬7 Minimum Partial Withdrawal Amount: $1,000 Maximum Penalty-Free Withdrawal Percentage: 10% Minimum Systematic Withdrawal Amount: $100 Minimum Amount Remaining After a Partial Withdrawal: $2,500 Withdrawal Charge Schedule: Number of Full Years Elapsed Withdrawal Charge as a Between Purchase Payment Contribution Percentage of Withdrawn And Date of Withdrawal Purchase Payment 0 8% 1 7% 2 6% 3 5% 4+ 0% See Page 11 for Withdrawal Provisions. FS-993 (12/10) 3 CONTRACT DATA PAGE (Cont’d.) Minimum Transfer Amount: $100 Separate Account Charge (including guaranteed death benefit risk charge of 0.10%): 1.65% Annual Contract Maintenance Fee: $50 Transfer Fee: $25 Earliest Annuity Date After the Contract Date: 13 months Latest Annuity Date: 1st day of the month following Age 95 Separate Account: FS VARIABLE SEPARATE ACCOUNT ¬8 FS-993 (12/10) 4
Fixed Account Options. 1 Year Fixed, 6 Month DCA Fixed, 1 Year DCA Fixed, 2 Year DCA Fixed MINIMUM PARTIAL WITHDRAWAL AMOUNT: $1,000 MAXIMUM PENALTY-FREE WITHDRAWAL PERCENTAGE: 10% MINIMUM SYSTEMATIC WITHDRAWAL AMOUNT: $100 MINIMUM AMOUNT REMAINING AFTER A PARTIAL WITHDRAWAL: $2,500 WITHDRAWAL CHARGE SCHEDULE: Number of Full Years Elapsed Withdrawal Charge as a Between Purchase Payment Contribution Percentage of Withdrawn And Date of Withdrawal Purchase Payment -------------------------------------- ------------------------ 0 8% 1 7% 2 6% 3 5% 4+ 0% See Page 11 for Withdrawal Provisions. FS-993 (12/10) CONTRACT DATA PAGE (CONT'D.)
Fixed Account Options. [1 Year Fixed, 6 Month DCA Fixed, 1 Year DCA Fixed, 2 Year DCA Fixed] ¬7 Minimum Partial Withdrawal Amount: $1,000 Maximum Penalty-Free Withdrawal Percentage: 10% Minimum Systematic Withdrawal Amount: $100 Minimum Amount Remaining After a Partial Withdrawal: $2,500 Withdrawal Charge Schedule: Number of Full Years Elapsed Withdrawal Charge as a Between Purchase Payment Contribution Percentage of Withdrawn And Date of Withdrawal Purchase Payment 0 8% 1 7% 2 6% 3 5% 4 4% 5 3% 6 2% 7+ 0% See Page 11 for Withdrawal Provisions. FS-993-PPS7 (12/10) 3 CONTRACT DATA PAGE (Cont’d.) Minimum Transfer Amount: $100 Separate Account Charge (including guaranteed death benefit risk charge of 0.10%): 1.15% Annual Contract Maintenance Fee: $50 Transfer Fee: $25 Earliest Annuity Date After the Contract Date: 13 months Latest Annuity Date: 1st day of the month following Age 95 Separate Account: FS VARIABLE SEPARATE ACCOUNT ¬8 FS-993-PPS7 (12/10) 4 DEFINITIONS Defined in this section are some of the words and phrases used in this Contract. These terms are capitalized when used in the Contract with the meaning set forth below. ACCUMULATION UNIT A unit of measure used to compute the Contract Value in a Variable Portfolio before the Annuity Date. AGE Age as of last birthday. In the case of Joint Owners/Annuitants, the age of the older person will be used to determine any age-driven benefit.

Examples of Fixed Account Options in a sentence

  • Each Investment Division invests in a corresponding (mutual fund) Fund, each of which has its own investment strategies, investment adviser(s), expense ratios, and returns; and •a variety of Fixed Account Options, which offer a guaranteed fixed interest rate for a specified period.

  • The Fixed Account Options are not available if you elect certain add-on benefits.

  • The Withdrawal Charge will be assessed against the Variable Portfolio(s) and the available Fixed Account Option(s) in the same proportion as the remaining Contract Value is allocated unless You request that the Withdrawal come from a particular Variable Portfolio or available Fixed Account Option.

  • With instructions from You, Purchase Payments will be allocated to the Variable Portfolio(s) and/or Fixed Account Option(s), if available.

  • Upon annuitization, any amounts remaining in the DCA Fixed Account Option(s) will be applied to a Fixed Annuitization.

  • Upon termination of the DCA program, any amounts remaining in the DCA Fixed Account Option(s) will be transferred to the DCA target allocation(s) for the program being terminated.

  • If your Contract is voided, you will receive any purchase payments allocated to the Variable Account, adjusted to reflect investment gain or loss from the date of allocation to the date the Contract is voided, plus any purchase payments allocated to the Fixed Account Options, less any withdrawals, excluding accrued interest.

  • We reserve the right to postpone payments or transfers from the Fixed Account Options for up to six months.

  • You may transfer all or a portion of Your Contract Value from one Variable Portfolio to another Variable Portfolio(s) or any available Fixed Account Option(s) other than the DCA Fixed Account Options.

  • You may also transfer from any available Fixed Account Option(s) to the Variable Portfolio(s) and/or any available Fixed Account Option(s) of the Contract.


More Definitions of Fixed Account Options

Fixed Account Options. 1 Year Fixed, 6 Month DCA Fixed, 1 Year DCA Fixed, 2 Year DCA Fixed MINIMUM PARTIAL WITHDRAWAL AMOUNT: $1,000 MAXIMUM PENALTY-FREE WITHDRAWAL PERCENTAGE: 10% MINIMUM SYSTEMATIC WITHDRAWAL AMOUNT: $100 MINIMUM AMOUNT REMAINING AFTER A PARTIAL WITHDRAWAL: $2,500 WITHDRAWAL CHARGE SCHEDULE: -------------------------------------------------------------------------------- Number of Full Years Elapsed Withdrawal Charge as a Between Purchase Payment Contribution Percentage of Withdrawn And Date of Withdrawal Purchase Payment -------------------------------------------------------------------------------- 0 8% -------------------------------------------------------------------------------- 1 7% -------------------------------------------------------------------------------- 2 6% -------------------------------------------------------------------------------- 3 5% -------------------------------------------------------------------------------- 4 4% -------------------------------------------------------------------------------- 5+ 0% -------------------------------------------------------------------------------- See Page 11 for Withdrawal Provisions. CONTRACT DATA PAGE (CONT'D.) MINIMUM TRANSFER AMOUNT: $100 SEPARATE ACCOUNT CHARGE (including guaranteed death benefit risk charge of 0.10%): Contract Years 1-5: 1.55% Contract Years 6 & Thereafter: 1.30% ANNUAL CONTRACT MAINTENANCE FEE: $50 TRANSFER FEE: $25 EARLIEST ANNUITY DATE AFTER THE CONTRACT DATE: 13 months LATEST ANNUITY DATE: 1st day of the month following Age 90 or 10 years after the Contract Date SEPARATE ACCOUNT: [FS VARIABLE SEPARATE ACCOUNT] OPTIONAL ELECTIONS: OPTIONAL ELECTION DETAILS: SunAmerica Income Plus See Attached Endorsement FSE-6248 Maximum Anniversary Value See Attached Endorsement FSE-6235
Fixed Account Options. 1 Year Fixed, 6 Month DCA Fixed, 1 Year DCA Fixed, 2 Year DCA Fixed MINIMUM PARTIAL WITHDRAWAL AMOUNT: $1,000 MAXIMUM PENALTY-FREE WITHDRAWAL PERCENTAGE: 10% MINIMUM SYSTEMATIC WITHDRAWAL AMOUNT: $100 MINIMUM AMOUNT REMAINING AFTER A PARTIAL WITHDRAWAL: $2,500 PREMIUM BASED CHARGE AND WITHDRAWAL CHARGE SCHEDULE ACCUMULATED PREMIUM PREMIUM BASED WITHDRAWAL CHARGE AS A PERCENTAGE OF EACH BREAKPOINT CHARGE* PREMIUM WITHDRAWN OVER 7 YEARS** -------------------- ------------- ----------------------------------------- Less than $50,000 5.00% 6%,5%,5%,4%,3%,2%,1%,0% $50,000-$99,999 4.50% 5.5%,5%,5%,4%,3%,2%,1%,0% $100,000-$249,999 3.50% 4.5%,4%,4%,3%,3%,2%,1%,0% $250,000-$499,999 2.50% 3.5%,3%,3%,2.25%,2%,2%,1%,0% $500,000-$999,999 2.00% 3%,2%,2%,1.5%,1%,1%,1%,0% $1,000,000 and over 1.25% 2.25%,1.5%,1.5%,1%,1%,0.75%,0.50%,0% * A Premium Based Charge applies to each Premium except for Premiums received prior to the first Contract Quarter Anniversary where the sum of Premiums received is treated as a single Premium. The total Premium Based Charge referenced above is deducted quarterly from the Contract Value over a period of 7 years, for a total of 28 quarters, beginning on the first Contract Quarter Anniversary after the Premium is received. See Page 10 under Charges and Deductions for more information regarding the Premium Based Charge. ** The Withdrawal Charge Schedule is based on the number of full years elapsed between Premium contribution and the date of withdrawal as follows: 0, 1, 2, 3, 4, 5, 6, 7+. SEE PAGE 11 FOR WITHDRAWAL PROVISIONS. FS-995 (12/10) CONTRACT DATA PAGE (CONT'D.)
Fixed Account Options. [1 Year Fixed, 6 Month DCA Fixed, 1 Year DCA Fixed, 2 Year DCA Fixed] ¬7 Minimum Partial Withdrawal Amount: $1,000 Maximum Penalty-Free Withdrawal Percentage: 10% Minimum Systematic Withdrawal Amount: $100 Minimum Amount Remaining After a Partial Withdrawal: $2,500 Premium Based Charge and Withdrawal Charge Schedule Accumulated Premium Premium Based Withdrawal Charge as a Percentage of Each Breakpoint Charge* Premium Withdrawn Over 7 Years** Less than $50,000 5.00% 6%,5%,5%,4%,3%,2%,1%,0% $50,000-$99,999 4.50% 5.5%,5%,5%,4%,3%,2%,1%,0% $100,000-$249,999 3.50% 4.5%,4%,4%,3%,3%,2%,1%,0% $250,000-$499,999 2.50% 3.5%,3%,3%,2.25%,2%,2%,1%,0% $500,000-$999,999 2.00% 3%,2%,2%,1.5%,1%,1%,1%,0% $1,000,000 and over 1.25% 2.25%,1.5%,1.5%,1%,1%,0.75%,0.50%,0% * A Premium Based Charge applies to each Premium except for Premiums received prior to the first Contract Quarter Anniversary where the sum of Premiums received is treated as a single Premium. The total Premium Based Charge referenced above is deducted quarterly from the Contract Value over a period of 7 years, for a total of 28 quarters, beginning on the first Contract Quarter Anniversary after the Premium is received. See Page 10 under Charges and Deductions for more information regarding the Premium Based Charge. ** The Withdrawal Charge Schedule is based on the number of full years elapsed between Premium contribution and the date of withdrawal as follows: 0, 1, 2, 3, 4, 5, 6, 7+. See Page 11 for Withdrawal Provisions. FS-995 (12/10) 3 CONTRACT DATA PAGE (Cont’d.) Minimum Transfer Amount: $100 Separate Account Charge (including guaranteed death benefit risk charge of 0.10%): 0.95% Annual Contract Maintenance Fee: $50 Transfer Fee: $25 Earliest Annuity Date After the Contract Date: 13 months Latest Annuity Date: 1st day of the month following Age 95 Separate Account: FS Variable Separate Account ¬8 FS-995 (12/10) 4
Fixed Account Options. Fixed Account I: Minimum Guarantee Interest Rate: [3%] Current Interest Rate as of Issue Date [ X%, guaranteed for any Purchase Payments allocated or transferred to Fixed Account I during the calendar month in which this Contract is issued. This rate is guaranteed for 12 months.]

Related to Fixed Account Options

  • FIXED ACCOUNT is a separate investment account of ours into which purchase payments may be invested or Account Value may be transferred.

  • Investment Options means the investment options, as determined from time to time by the Committee, used to credit earnings, gains and losses on Account balances.

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • Account Value means the amount shown on Schedule A under the heading Account Value. The parties expressly acknowledge that the Account Value may be different than the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement. The Account Value on any date other than the end of a Plan Year shall be determined by adding the prorated increase attributable for the current Plan Year to the Account Value for the previous Plan Year.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Separate Accounts means the accounts which are to be prepared for each

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Qualified Account means an Account of Borrower generated in the ordinary course of Borrower's business from the sale of goods or rendition of medical services which Lender, in its sole credit judgment, deems to be a Qualified Account. Without limiting the generality of the foregoing, no Account shall be a Qualified Account if: (a) the Account or any portion thereof is payable by an individual beneficiary, recipient or subscriber individually and not directly to Borrower by a Medicaid/Medicare Account Debtor or commercial medical insurance carrier acceptable to Lender in its sole discretion; (b) the Account remains unpaid more than one hundred twenty (120) days past the claim or invoice date; (c) the Account is subject to any defense, set-off, counterclaim, deduction, discount, credit, chargeback, freight claim, allowance, or adjustment of any kind; (d) any part of any goods the sale of which has given rise to the Account has been returned, rejected, lost, or damaged; (e) if the Account arises from the sale of goods by Borrower, such sale was not an absolute sale or on consignment or on approval or on a sale-or-return basis or subject to any other repurchase or return agreement, or such goods have not been shipped to the Account Debtor or its designee; (f) if the Account arises from the performance of services, such services have not been actually been performed or were undertaken in violation of any law; (g) the Account is subject to a lien other than a Permitted Lien; (h) Borrower knows or should have known of the bankruptcy, receivership, reorganization, or insolvency of the Account Debtor; (i) the Account is evidenced by chattel paper or an instrument of any kind, or has been reduced to judgment; (j) the Account is an Account of an Account Debtor having its principal place of business or executive office outside the United States; (k) the Account Debtor is an Affiliate or Subsidiary of Borrower; (l) more than ten percent (10%) of the aggregate balance of all Accounts owing from the Account Debtor obligated on the Account are outstanding more than one hundred fifty (150) days past their invoice date; (m) fifty percent (50%) or more of the aggregate unpaid Accounts from any individual Account Debtor are not deemed Qualified Accounts hereunder; (n) the total unpaid Accounts of the Account Debtor, except for a Medicaid/Medicare Account Debtor, exceed twenty percent (20%) of the net amount of all Qualified Accounts (including Medicaid/Medicare Account Debtors); (o) any covenant, representation or warranty contained in the Loan Documents with respect to such Account has been breached; or (p) the Account fails to meet such other specifications and requirements which may from time to time be established by Lender.

  • Grant Account means the account opened by the Association on its books in the name of the Borrower to which the amount of the Grant is credited.”;

  • Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.