THE INDEXED ACCOUNTS. Indexed Account are shown on the Indexed Accounts Specifications. All or a portion of the assets supporting the Indexed Accounts are held in the Separate Account shown on the Contract Specifications. We offer each Indexed Account at Our discretion and reserve the right to offer additional Indexed Accounts after the Contract Date. We reserve the right to withdraw an Indexed Account, but We will always make at least one Indexed Account available under this Contract. If an Indexed Account is added or withdrawn, We will notify the Owner. INDEXED ACCOUNTS (continued) Should We withdraw an Indexed Account and a Segment of that Indexed Account has not yet reached its End Date, the Segment will not terminate until its End Date, but such Indexed Account may not be available under this Contract thereafter.
THE INDEXED ACCOUNTS. Indexed Account options are shown on the Indexed Accounts Specifications. The Indexed Accounts available under this Contract are supported by the assets of a non-registered, non-insulated Separate Account which We established to support Our obligations with respect to the Indexed Accounts. The Indexed Account options are not invested in any underlying fund. The Separate Account supporting the Indexed Accounts available under this Contract is shown on the Contract Specifications. INDEXED ACCOUNTS (continued) We offer each Indexed Account at Our discretion and reserve the right to offer additional Indexed Accounts after the Contract Date. We reserve the right to withdraw an Indexed Account, but We will always make at least one Indexed Account available under this Contract. If an Indexed Account is added or withdrawn, We will notify the Owner. Should We withdraw an Indexed Account and a Segment of that Indexed Account has not yet reached its End Date, the Segment will not terminate until its End Date, but such Indexed Account will not be available under this Contract thereafter.
THE INDEXED ACCOUNTS. The Indexed Accounts are variable investment accounts that offer returns linked to market indices. Accounts with foreign content are affected by fluctuations in the value of the Canadian dollar. Interest credited to these accounts is based on the performance of the indices listed in the table below. Index account Market Index Canadian Equity Index S&P/TSX 60 Index American Equity Index Standard & Poor’s 500 Index 3 American Technology Equity Index Nasdaq 100 Index 4 European Equity Index Xxxxxx Xxxxxxx Capital International EMU Index 5* Japanese Equity Index Nikkei 225 Index 6 Global Equity Index Xxxxxx Xxxxxxx Capital International EAFE Free Index 7* G5 Index The weight of each of the indices in the G5 index is set from time to time according to the total value, in Canadian dollars, of the shares in that index compared to the total value, in Canadian dollars, of all five indices. France - CAC 40 8 Germany - DAX 30 9 Japan - Nikkei 225 10 United Kingdom - FT-SE 100 11 United States - S&P 500 Canadian Bond Index Scotia Capital Universe Bond Index SAMPLE * Net of withholding tax
THE INDEXED ACCOUNTS. Through the Indexed Accounts, We offer participation in increases in a specified Index. The participation is determined based on a formula with specified parameters (the Participation Rate, Cap, and Floor) that are available for specified periods of time (Terms) selected by a Certificate Owner. The rate at which the value of an Indexed Account grows depends on changes in the Index on which it is based, as well as its Cap, Floor, and Participation Rate. The Participation Rate, Cap, and Floor may differ among Terms. However, the applicable Participation Rate, Cap, and Floor do not change during a Term. Allocations of the Single Premium and transfers of Account Value to the Indexed Accounts may have different applicable Participation Rates, Caps, and Floors depending on the timing of such allocations or transfers. We reserve the right to offer a different Participation Rate, Cap, and Floor to allocations than to transfers. If the allocated or transferred amount remains in the Indexed Account until the end of the applicable Term, its value will be equal to the amount originally allocated or transferred plus all Index Increases made to the Indexed Account (including End of Term Increases) less all amounts withdrawn from the Indexed Account. Our notice to a Certificate Owner of the expiration of a Term will contain information about the then currently available Terms. INDEX INCREASES We will calculate the Index Increase for an Indexed Account at each Account Anniversary after the Reset Date using the Index and the Participation Rate, subject to the Cap and Floor. We use an Index growth percentage in calculating the Index Increase. This Index growth percentage can be no more than the Cap and no less than the Floor for a Certificate Owner's current Term. Subject to these maximum and minimum limits, the growth percentage on each Account Anniversary within a Term equals: A x (B - C)/C where:
