Common use of SUBACCOUNTS Clause in Contracts

SUBACCOUNTS. A Separate Account may consist of Subaccounts. The income, gains and losses, realized or unrealized, from the assets allocated to a Subaccount are credited to or charged against each Subaccount, without regard to other income, gains or losses of Prudential. Those Subaccounts currently available under this Contract are listed in Appendix A. Each Subaccount invests exclusively in shares of a corresponding fund or a portfolio of securities. Shares of a fund are purchased and redeemed for a Subaccount at their net asset value. Any amounts of income, dividends and gains distributed from the shares of a fund are reinvested in additional shares of that fund at net asset value. The dollar amounts of values and benefits of this Contract provided by a Separate Account vary as a function of the investment performance of the Subaccounts. You bear the investment risk for Subaccount value in the selected Subaccounts.

Appears in 3 contracts

Samples: Group Annuity Contract (Prudential Discovery Premier Group Variable Contract Account), Group Annuity Contract (Prudential Discovery Premier Group Variable Contract Account), Group Annuity Contract (Prudential Discovery Select Group Variable Contract Acct)

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SUBACCOUNTS. A Separate Account may consist of Subaccounts. The income, gains and losses, realized or unrealized, from the assets allocated to a Subaccount are credited to or charged against each Subaccount, without regard to other income, gains or losses of the Prudential. Those Subaccounts currently available under this Contract are listed in Appendix A. Each Subaccount invests exclusively in shares of a corresponding fund or a portfolio of securities. Shares of a fund are purchased and redeemed for a Subaccount at their net asset value. Any amounts of income, dividends and gains distributed from the shares of a fund are reinvested in additional shares of that fund at net asset value. The dollar amounts of values and benefits of this Contract provided by a Separate Account vary as a function of the investment performance of the Subaccounts. You bear the investment risk for Subaccount value in the selected Subaccounts.

Appears in 2 contracts

Samples: Group Annuity Contract (Prudential Discovery Select Group Variable Contract Acct), Group Annuity Contract (Prudential Discovery Select Group Variable Contract Acct)

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