Divisions of Separate Account B definition

Divisions of Separate Account B. Select Bond Division International Equity Division Money Market Division Balanced Division Index 500 Stock Division Aggressive Growth Stock Division High Yield Bond Division Growth Stock Division Growth and Income Stock Division Guaranteed Accounts: Guaranteed Interest Fund CONTRACT NUMBER V12 345 678 LOADS, FEES, AND CHARGES DEDUCTION FROM PURCHASE PAYMENTS: SALES LOAD (See Section 7.2): Total Purchase Payments Amount Deducted Paid Under the Contract From Purchase Payment First $100,000 4.0% Next $400,000 2.0% Next $500,000 1.0% Balance over $1,000,000 0.5% PREMIUM TAX (See Section 7.2): For the first Contract Year, Premium Taxes are not deducted from Purchase Payments. After the first Contract Year, the Company may deduct Premium Taxes from Purchase Payments received or benefits paid. ANNUAL ANNUITY RATE AND EXPENSE GUARANTEE CHARGE (See Section 2.3): 0.40% at Issue; 0.75% Maximum ANNUAL CONTRACT FEE (See Section 7.1):
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Divisions of Separate Account B. Select Bond Division International Equity Division Money Market Division Balanced Division Index 500 Stock Division Aggressive Growth Stock Division High Yield Bond Division Growth Stock Division Growth and Income Stock Division Index 400 Stock Division Small Cap Growth Stock Division Russxxx Xxxti-Style Equity Division Russxxx Xxxressive Equity Division Russxxx Xxx-US Division Russxxx Xxxe Bond Division Russxxx Xxxl Estate Securities Division Guaranteed Accounts: Guaranteed Interest Fund CONTRACT NUMBER 12 345 678 CHARGES AND FEES DEDUCTION FROM PURCHASE PAYMENTS: PREMIUM TAX(See Section 7.1): For the first Contract Year, Premium Taxes are not deducted from Purchase Payments. After the first Contract Year, the Company may deduct Premium Taxes from Purchase Payments received or benefits paid. ANNUAL MORTALITY AND EXPENSE RISK CHARGE (See Section 2.3): Class A Annuity and Accumulation Units: 0.50% at Issue; 0.75% Maximum Class B Annuity and Accumulation Units: 1.25% at Issue; 1.50% Maximum ANNUAL CONTRACT FEE (See Section 7.2): $30 charged on the contract anniversary. The contract fee will be waived if the Accumulation Value of the contract equals or exceeds $25,000 on the contract anniversary. ENHANCED DEATH BENEFIT CHARGE 0.10% of the Enhanced Death Benefit on each contract anniversary. TRANSFER FEE (See Sections 4.4 and 11.5): $25 beginning with the thirteenth transfer in any Contract Year. CONTINUED FROM PAGE 4 CHARGES AND FEES
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Divisions of Separate Account B. Select Bond Division Franklin Xxxxxxxxx International Equity Division Money Market Division Balanced Division Index 500 Stock Division Aggressive Growth Stock Division High Yield Bond Division Growth Stock Division Large Cap Core Stock Division Index 400 Stock Division Small Cap Growth Stock Division Xxxxxxx Multi-Style Equity Division Xxxxxxx Aggressive Equity Division Xxxxxxx Non-US Division Xxxxxxx Real Estate Securities Division Xxxxxxx Core Bond Division Asset Allocation Division International Growth Stock Division X. Xxxx Price Small Cap Value Division Capital Guardian Domestic Equity Division AllianceBernstein Mid Cap Value Division Janus Capital Appreciation Division X. Xxxx Price Equity Income Division Fidelity VIP Mid Cap Division Guaranteed Accounts: Guaranteed Interest Fund CONTRACT NUMBER 00 000 000 CHARGES AND FEES DEDUCTION FROM PURCHASE PAYMENTS: PREMIUM TAX (See Section 7.1): For the first Contract Year, Premium Taxes are not deducted from Purchase Payments. After the first Contract Year, the Company may deduct Premium Taxes from Purchase Payments received or benefits paid. ANNUAL MORTALITY AND EXPENSE RISK CHARGE (See Section 2.3): 0.35% at Issue; 0.75% Maximum ANNUAL CONTRACT FEE (See Section 7.2): $30 charged on the contract anniversary. The contract fee will be waived if the Accumulation Value of the contract equals or exceeds $25,000 on the contract anniversary. ENHANCED DEATH BENEFIT CHARGE: 0.10% of the Enhanced Death Benefit on each contract anniversary. TRANSFER FEE (See Sections 4.4 and 11.5): $0 MINIMUM PURCHASE PAYMENTS, ACCUMULATION VALUE, PAYMENT PLANS MINIMUM PURCHASE PAYMENT (See Section 4.1): $25 MINIMUM ACCUMULATION VALUE (See Sections 5.2 and 9.9): $2,000 MINIMUM PAYMENT UNDER PAYMENT PLAN (See Sections 9.9 and 10.1): $50 Monthly Income. GUARANTEED INTEREST FUND GUARANTEED ANNUAL EFFECTIVE INTEREST RATE (See Section 3.2): The greater of (a) 1% or (b) the five-year Constant Maturity Treasury Rate reported by the Federal Reserve as of the second-to-last Valuation Date of the month preceding the month in which the rate is declared, rounded to the nearest .05%, minus 1.25%, but not greater than 3%. MAXIMUM GUARANTEED INTEREST FUND ACCUMULATION VALUE (See Section 3.4): $100,000 CONTRACT NUMBER 00 000 000 GUARANTEED INTEREST FUND - TABLE OF GUARANTEED VALUES The table shows minimum guaranteed values and assumes that $5,000 of the Purchase Payment made at the time of issue and $500 of subsequent Purchase Payments made annually ...
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Examples of Divisions of Separate Account B in a sentence

  • Each Contribution of each type will be allocated to the Division or Divisions of Separate Account B in accordance with the Notification on file with us and will result in a credit of units to the appropriate Investment Account.

  • The Divisions of Separate Account B available on the Contract Date for Contributions are the Capital Accumulation Division, Government Securities Division and Money Market Division.

  • Transfers from the Fixed Interest Division You may transfer your Accumulation Value from a Guarantee Period to the Divisions of Separate Account B or Separate Account D (the "Divisions"), or to a different Guarantee Period, subject to the following restrictions: The maximum amount which may be transferred from the Fixed Interest Division during a Contract Year is 15% of the Accumulation Value in your Fixed Interest Division.

  • The Divisions of Separate Account B available on the Contract Date for Contributions are the Capital Accumulation Division, Government Securities Division, Money Market Division, Growth Division, Emerging Growth Division, World Division, Balanced Division and Bond Division.


More Definitions of Divisions of Separate Account B

Divisions of Separate Account B. Select Bond Division International Equity Division Money Market Division Balanced Division Index 500 Stock Division Aggressive Growth Stock Division High Yield Bond Division Growth Stock Division Growth and Income Stock Division Guaranteed Accounts: Guaranteed Interest Fund CONTRACT NUMBER V12 345 678 LOADS, FEES, AND CHARGES DEDUCTION FROM PURCHASE PAYMENTS: SALES LOAD: Not applicable. PREMIUM TAX (See Section 7.2): For the first Contract Year, Premium Taxes are not deducted from Purchase payments. After the first Contract Year, the Company may deduct Premium Taxes from Purchase Payments received or benefits paid. ANNUAL ANNUITY RATE AND EXPENSE GUARANTEE CHARGE (See Section 2.3): 1.25% at Issue; 1.50% Maximum ANNUAL CONTRACT FEE (See Section 7.1): $30 charged on the contract anniversary. The contract fee will be waived if the Accumulation Value of the contract equals or exceeds $50,000 on the contract anniversary. TRANSFER FEE (See Sections 4.4 and 11.5): $25 beginning with the thirteenth transfer in any Contract Year. WITHDRAWAL CHARGE (See Section 7.3):
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Divisions of Separate Account B. Select Bond Division Tempxxxxx Xxxernational Equity Division Money Market Division Balanced Division Index 500 Stock Division Aggressive Growth Stock Division High Yield Bond Division Growth Stock Division JP Mxxxxx Xxxect Growth and Income Division Index 400 Stock Division Small Cap Growth Stock Division Russxxx Xxxti-Style Equity Division Russxxx Xxxressive Equity Division Russxxx Xxx-US Division Russxxx Xxxl Estate Securities Division Russxxx Xxxe Bond Division Asset Allocation Division International Growth Stock Division T. Rxxx Xxxce Small Cap Value Division Capital Guardian Domestic Equity Division Guaranteed Accounts: Guaranteed Interest Fund CONTRACT NUMBER 12 345 678 CHARGES AND FEES DEDUCTION FROM PURCHASE PAYMENTS: SALES LOAD (See Section 7.1)
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Divisions of Separate Account B. Select Bond Division International Equity Division Money Market Division Balanced Division Index 500 Stock Division Aggressive Growth Stock Division High Yield Bond Division Growth Stock Division Growth and Income Stock Division Index 400 Stock Division Small Cap Growth Stock Division Russxxx Xxxti-Style Equity Division Russxxx Xxxressive Equity Division Russxxx Xxx-US Division Russxxx Xxxe Bond Division Russxxx Xxxl Estate Securities Division Guaranteed Accounts: Guaranteed Interest Fund CONTRACT NUMBER 12 345 678 CHARGES AND FEES DEDUCTION FROM PURCHASE PAYMENTS: SALES LOAD (See Section 7.1)
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Related to Divisions of Separate Account B

  • Separate Accounts means the accounts which are to be prepared for each

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Administration Account As defined in Section 7.02.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Collection Accounts As defined in Section 3.10(a).

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Affiliate Account means, as to any Access Person, an Account:

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.