The Fixed Account. The Fixed Account holds the Fixed Sub-accounts for each Guaranteed Period. LNL reserves the right to discontinue accepting new allocations or transfers to any of the available Guaranteed Periods at any time. LNL may also add one or more new Guaranteed Periods at any time.
The Fixed Account. 1. The Fixed Account will be a liability against The Standard’s general account.
The Fixed Account. The Fixed Account The Fixed Account is a segmented fund within the general account of the Company. If you choose the Fixed Account, the first date on which money is applied to the Fixed Account for the Policy is the latest of: . 45 days after Part 1 of the Application is signed; . 10 days after the Company mails the separate Notice of Withdrawal Right; and . The effective date of the choice of the Fixed Account. Before this date, the value of the portion of the net premium and any net Unscheduled Payment allocated to the Fixed Account will depend on the net investment performance of the Money Market sub-account of the Variable Account. After this date: each net premium allocated to the Fixed Account will be applied as of its due date; and each net Unscheduled Payment allocated to the Fixed Account will be applied as of the date it is received by the Company at its Administrative Office. Each transfer to the Fixed Account will be applied as of the transfer date.
The Fixed Account. THE FIXED ACCOUNT The Fixed Account is a portion of the general account of the Company. The initial net premium is allocated to the Account and the Fixed Account based on allocation instructions in the Application for insurance. The portion of the initial net premium allocated to the Fixed Account is first invested in the Fixed Account as of the latest of: - The Policy Date; - The date of the last Part II of the Application, if any is required; - The effective date of the choice of the Fixed Account; and - The date the first premium is received by the Company. Thereafter, each net premium allocated to the Fixed Account and each net unscheduled payment allocated to the Fixed Account will be applied as of the date it is received by the Company at its Home Office. Each transfer to the Fixed Account will be applied as of the transfer date. FIXED ACCOUNT INTEREST The rate of interest for each amount applied to the Fixed Account: will be the rate set by the Company in advance for the date the amount is applied to the Fixed Account; and will not be less than a rate equivalent to an annual effective rate of 4%. The effective interest rate used on the Policy will be the weighted average of all such rates for the Policy. After the Policy has been in force for a total of 10 years, if the Company sets an interest rate for the Fixed Account which is greater than 4%, that rate will be increased for the Policy by at least .45%. The increase in interest rate will reflect a reduction in the Company's interest holdback margin for expenses. Each year, on the policy anniversary, the Company will determine a portion, if any, of the Policy's portion of the Fixed Account which will be reinvested at the rate effective on that date. Interest will be credited to the Fixed Account on a daily basis. NEV-18-E 46 NEV-18-E RESTRICTION OF NEW AMOUNTS APPLIED TO THE FIXED ACCOUNT The Company reserves the right to restrict new amounts applied to the Fixed Account if the rate of interest that would be used for the new amount is a rate equivalent to an annual effective rate of 4%. TRANSFERS OUT OF THE FIXED ACCOUNT You can transfer a limited amount of the Policy's portion of the Fixed Account to the sub-accounts once within 30 days after each policy anniversary. Except with consent of the Company, the transfer will be limited to the greater of: 25% of the Policy's portion of the Fixed Account; and the amount of the Policy's portion of the Fixed Account transferred to the sub-accounts the pri...
The Fixed Account. 19 TRANSFERS......................................................... 21
The Fixed Account. The Fixed Account is the account under which amounts are held for this Contract under all Fixed Account Options prior to the Annuity Date. The Fixed Account Options are listed on Page 3. Amounts allocated or transferred to the Fixed Account under this Contract become a part of the general account assets of the Company and do not fluctuate in response to investment experience.
The Fixed Account. The Fixed Account consists of a One Year Fixed Interest Account. Amounts allocated or transferred to the Fixed Account under this contract become a part of the general account assets of the Company and do not fluctuate with regard to investment experience. Amounts held in the Fixed Account will be credited with interest at effective annual rates declared by the Company. The declared interest rate will apply from the date of the allocation or transfer through the end of the elected interest period. At the expiration of an interest period, the Company will renew the portion of the Fixed Account that has expired at the new rate declared for the interest period at that time. For the 25 days following the expiration of such period, the Contract Owner may transfer all or a portion of the amount held in such Fixed Account to subaccount(s) of the Separate Account. The Company will not declare rates of interest for the Fixed Account of less than 3%.
The Fixed Account. If the Certificate Owner allocates any premium payments to the Fixed Account, the Fixed Account will earn interest at no less than a 3% annual effective rate. The Company, in its sole discretion, may credit interest rates greater than 3%. The Company will determine the value of the Fixed Account daily by crediting interest to the
The Fixed Account. If You allocate any premium payments to the Fixed Account, the Fixed Account will earn interest at no less than a 3% annual effective rate. We , in Our sole discretion, may credit interest rates greater than 3%. We will determine the value of the Fixed Account daily by crediting interest to the Fixed Account. THE SUB-ACCOUNTS The available Sub-Accounts and their underlying investments are listed in the Certificate Specifications. You may allocate premium payments to one or more Sub-Accounts. Any premium payment allocated to a Sub-Account is applied to provide for a number of Accumulation Units with respect to that Sub-Account.
The Fixed Account. 10 6.1 The Fixed Account..............................................10 6.2 Transfers Among the Fixed Account and the Subaccounts............................................10 SECTION 7. VALUES ..........................................................11
