THE FIXED ACCOUNT Sample Clauses

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. 2. We will establish an Investment Cell for you each calendar quarter. A Maturity Date will be established for each Cell prior to the beginning of such calendar quarter. The Maturity Date will be the fifth (5th) anniversary of the first day of the quarter in which the Cell is established. The amount credited to the Investment Cell for such quarter will be the sum of the credits, which are: (a) deposits credited to the Fixed Account during the calendar quarter pursuant to Article III of the Contract; (b) transfers from any other Investment Option under this Contract at your direction and made during the calendar quarter; (c) any prior Fixed Account cell maturing on the last day of this quarter; (d) interest credited on each transaction listed above from the date the Deposit or transfer is made to the last day of the calendar quarter at the applicable placement rate in accordance with subsection 3. below; and (e) interest credited on the last day of the calendar quarter on each previously established Fixed Account Investment Cell; less the sum of the debits, which are: (a) any Contractowner Withdrawals and/or transfers from the Fixed Account made during the calendar quarter; (b) benefit payments, annuity premiums, Fees and other disbursements charged to the Fixed Account during the calendar quarter; and (c) interest on any withdrawal, transfer, benefit payment, Fee, premium, or other disbursement described above from the date it occurs to the last day of the calendar quarter at the applicable placement rate in accordance with subsection 3. below. If credits exceed debits, then once established on the last day of the calendar quarter, the amount in the Investment Cell will remain constant until the Maturity Date except in the event of: (a) termination, or (b) reduction in accordance with the following provision. If debits exceed credits, then prior Investment Cells will be reduced in order according to Maturity Date starting with the earliest Maturity Date until such excess is eliminated. 3. At or prior to the beginning of each month, we will determine an interest rate (“Placement Rate”) for that month. That Placement Rate shall apply to all transactions in that calendar month through the end of the calendar quarter. The equivalent effective annual interest rate will no be less than the minimum allowed by state law. At the end of the calendar quarter, a Cell Rate shall be determi...

THE FIXED ACCOUNT. The Fixed Account The Fixed Account is a segmented fund within the general account of the Company. The initial premium is allocated to the Account and the Fixed Account based on allocation instructions in the Application for insurance. The portion of the initial 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 Administrative 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. 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. 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 before each policy anniversary. 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 prior year. Requests for transfers can be made in writing or by telephone. The Company is not responsible for determining the authenticity of transfer instructions received by telephone. Choice of the Fixed Account You can choose to have net premiums and net unscheduled payments applied to the Fixed Account. You can change the choice for future net premiums and...

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. 19 TRANSFERS......................................................... 21

THE FIXED ACCOUNT. The Contract may be endorsed to provide for the availability of a Fixed Account as an investment option under the Contract. The Contract Owner elects whether to include the Fixed Account in connection with the Contract. Nationwide generally accepts exchanges and transfers to the Fixed Account, but we reserve the right to discontinue accepting additional Purchase Payments, Exchanges and Transfer allocations to the Fixed Account at any time. Certain restrictions also apply, see “Limitations on Exchanges and Transfers” in this Brochure and refer to the Contract Owner’s Contract Specifications Page for more details. The Fixed Account, if available, is backed by Nationwide’s general account. This means any guarantees associated with the Fixed Account are liabilities of the general account and are guaranteed by Nationwide. Assets held in the Fixed Account are subject to the claims-paying ability of Nationwide, are not insured by the FDIC, NCUSIF, or any other governmental agency. The Fixed Account is non-participating – allocations do not share in any surplus of Nationwide. The Fixed Account is structured with guaranteed annual minimum interest rates and guaranteed quarterly interest rates. The annual minimum guaranteed interest rate is established at the beginning of each calendar year. This guarantee means interest credited through the current calendar year will never be less than this minimum rate. The guaranteed quarterly rate is established at the beginning of each calendar quarter. During the current calendar quarter, interest credited will never be less than this minimum rate. Nationwide establishes interest rate guarantees for the Fixed Account at our own discretion and based upon a multitude of factors not the least of which is our expectation of profit; e.g., one measure of which is the difference between what we are able to earn on our investments in the general account and the rates we are able to guarantee within our contracts, or spread. Anticipated or required profit levels will change over time and may result in varying and lower rates of return on the Fixed Account which could lower overall return for Participants. Market fluctuations and costs we incur to manage the assets of the general account are some of the other significant factors that influence the amount of interest we can guarantee for any given period of time. The Plan Sponsor has the discretion and responsibility to determine whether the interest credited in the Fixed Account is appr...

THE FIXED ACCOUNT. 1. The Fixed Account will be a liability against The Standard's general account. 2. Interest will be credited daily on the Account Value in the Fixed Account at an effective annual rate of not less than three percent (3%). The interest rate for Deposits or transfers into the Fixed Account within a period will be declared in advance of the period. 3. The interest rate for any Deposit or transfer will be guaranteed for periods of at least one year from the date the amount is credited to the Fixed Account. However, a guarantee period of less than one year may be established to conform the guarantee period to a standard cycle. After each guarantee period, the interest rate guarantee on such amount may change but will never be less than three percent (3%). 4. A Market Value Adjustment (MVA) will be charged on any Contractowner Withdrawals. The amount of the MVA will be deducted from the gross amount to be disbursed. 5. The MVA is defined as the amount of the disbursement times a market value factor, which is the lesser of 1.00 or the ratio of: Current Bond Price ------------------ Par Value of that Bond Current Bond Price equals the price of a bond: a. issued with a maturity of 5 years; b. bearing interest at the weighted average of the declared interest rates in effect as of the termination date; and c. calculated to yield the Xxxxxxx Xxxxx Baa Intermediate Industrial Average for the week in which the notice of termination or withdrawal is received. If that Average ceases to be published, we will select a comparable survey. 6. The amount payable shall never be less than the principal in the Fixed Account accumulated at the annual interest rate required under applicable state minimum nonforfeiture laws.

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 7.1 How Accumulation Value of the Policy is Determined....................................11 7.2 Accumulation Value of the Subaccounts..........................11 7.3 Net Asset Value................................................11 7.4

THE FIXED ACCOUNT. Fixed Interest Options are not available with the presence of this Rider. Purchase Payments or transfers directed to the Fixed Interest Options will not be accepted.

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.