Common use of Subaccount Clause in Contracts

Subaccount. An investment division of the Separate Account. Each Subaccount, (a “Variable Investment Option” or “Variable Account”) invests its assets in a separate series or class of shares of a designated investment company.

Appears in 27 contracts

Samples: Annuity Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co), Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

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Subaccount. An investment division of the Separate Account. Each Subaccount, (a “Variable Investment Option” or “Variable Account”) invests its assets in a separate series or class of shares of a designated investment company. Subaccount Annuity Unit (“Annuity Units”) – Annuity Units are used to measure variation in variable annuity payments. The amount of each variable annuity payment (after the first payment) will vary with the value and number of the Annuity Units in each Subaccount.

Appears in 3 contracts

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co), Insurance Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life & Annuity Co)

Subaccount. An investment division of the Separate Account. Each Subaccount, (a “Variable Investment Option” or “Variable Account”) invests its assets in a separate series or class of shares of a designated investment company. Subaccount Unit - Subaccount Units are used to measure the Variable Account Value in that Subaccount.

Appears in 1 contract

Samples: Variable Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

Subaccount. An investment division of the Separate Account. Each Subaccount, (a “Variable Investment Option” or “Variable Account”) invests its assets in a separate series or class of shares of a designated investment company. ICC12:10-1225 5 Subaccount Unit – Subaccount Units are used to measure the Variable Account Value in that Subaccount.

Appears in 1 contract

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co)

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Subaccount. An investment division of the Separate Account. Each Subaccount, (a “Variable Investment Option” or “Variable Account”) invests its assets in a separate series or class of shares of a designated investment company. Subaccount Unit — Subaccount Units are used to measure the Variable Account Value in that Subaccount.

Appears in 1 contract

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co)

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