Contractholder Variable Account Sample Clauses
The Contractholder Variable Account clause establishes a separate account within an insurance or annuity contract that is owned by the contractholder and used to allocate premiums to various investment options. This account typically allows the contractholder to direct how their funds are invested among a selection of portfolios, such as stocks, bonds, or money market instruments, with the value of the account fluctuating based on the performance of the chosen investments. The core function of this clause is to provide flexibility and investment choice to the contractholder, while also segregating these assets from the insurer’s general account, thereby clarifying ownership and risk allocation.
Contractholder Variable Account. Contributions to the Contractholder Variable Account may be made to the Separate Account or any of the Subaccounts listed in Appendix A.
Contractholder Variable Account. An account that is equal to the dollar amount of all Units in the Separate Accounts or Subaccounts in which You invest, less any fees or charges.
Contractholder Variable Account. 9 Contributions .........................2 1.10 Effective Annual Rate .................2 1.11 ERISA .................................2 1.12
Contractholder Variable Account. An unallocated account that is equal to the dollar amount of all Units in the separate accounts or Subaccounts in which you invest, less any fees or charges.