Examples of Account Contract in a sentence
GMWB Charges applied to the Separate Account Contract Value result in a redemption of Accumulation Units.
This charge will be deducted at the end of each Contract Quarter on a pro rata basis from the Separate Account Contract Value and the Fixed/Guaranteed Account Contract Value.
GMWB Charges in excess of the Separate Account Contract Value will be waived.
Upon termination of the GMWB, a pro rata GMWB Charge will be deducted from Your Separate Account Contract Value for the period since the last monthly GMWB Charge.
The natural person that is designated as one of the Covered Lives on a Qualified Plan Custodial Account Contract only.
This Account Contract will be enforced to the fullest extent permitted by applicable law.
Any defined term used in the Account Contract, defined in the singular, is deemed to include the plural and vice versa.
The Financial Institution may, without notice, require strict adherence to the terms and conditions of this Account Contract, despite any prior indulgence granted to or acquiesced in by the Financial Institution.
No waiver by the Financial Institution of any breach of or default under this Account Contract shall be deemed to be a waiver of any preceding or subsequent breach or default.
This Account Contract may be executed electronically at the discretion of the Financial Institution.