Common use of GUARANTEED ACCOUNTS Clause in Contracts

GUARANTEED ACCOUNTS. Net Purchase Payments (see Section 4.2) and amounts transferred from other Investment Accounts under this contract (see Section 4.4) may be applied to a Guaranteed Account. Contract benefits placed under a variable payment plan may not be applied to a Guaranteed Account. Amounts applied to a Guaranteed Account become part of the general assets of the Company.

GUARANTEED ACCOUNTS. Net Purchase Payments (see Section 4.2) and amounts transferred from other Investment Accounts under this contract Contract (see Section 4.4) may be applied to a Guaranteed Account. Contract benefits placed under a variable payment income plan may cannot be applied to a Guaranteed Account. Amounts applied to a Guaranteed Account become part of the general assets of the Company.