Common use of Variable Account Clause in Contracts

Variable Account. The Variable Account consists of separate variable subaccounts to which You may allocate Contract Values including purchase payments. Each subaccount invests in shares of one fund. The variable subaccounts available on the Contract Date are shown under Contract Data. The value of Your investment in each variable subaccount changes with the performance of the particular fund. VARIABLE ANNUITY A Variable Annuity is an annuity with payments which are not predetermined or guaranteed as to dollar amount and vary in amount with the investment experience of one or more of the variable subaccounts. WE, US, OUR

Appears in 3 contracts

Samples: Deferred Annuity Contract (Riversource of New York Variable Annuity Account), Deferred Annuity Contract (Riversource of New York Variable Annuity Account), Deferred Annuity Contract (Riversource of New York Variable Annuity Account)

AutoNDA by SimpleDocs

Variable Account. The Variable Account consists of separate variable subaccounts to which You may allocate purchase payments and Contract Values including purchase payments. Each subaccount Values; each invests in shares of one fund. The variable subaccounts available on the Contract Date are shown named under Contract Data. The value of Your investment in each variable subaccount changes with the performance of the particular fund. VARIABLE ANNUITY A Variable Annuity is an annuity with payments which are not predetermined or guaranteed as to dollar amount and vary in amount with the investment experience of one or more of the variable subaccounts. WE, US, OUR

Appears in 2 contracts

Samples: Deferred Annuity Contract (Riversource of New York Variable Annuity Account 2), Deferred Annuity Contract (Riversource of New York Variable Annuity Account 2)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!