Common use of Account Investments Clause in Contracts

Account Investments. We use the assets of the account to buy shares in the fund. Each subaccount is invested in a corresponding specific portfolio. Income and realized and unrealized gains and losses from assets in each subaccount are credited to, or charged against, the subaccount. This is without regard to income, gains, or losses in our other investment accounts. We will determine the value of the assets in the account at the end of each business day. When we use the term business day, we mean a day when the New York Stock Exchange is open for trading. We might need to know the value of an asset on a day that is not a business day or on which trading in that asset does not take place. In this case, we will use the value of that asset as of the end of the last prior business day on which trading took place.

Appears in 5 contracts

Samples: Life Insurance Contract (Pruco Life Variable Appreciable Account), Life Insurance Policy (Pruco Life Variable Appreciable Account), Life Insurance Policy (Pruco Life of New Jersey Variable Appreciable Account)

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