DOLLAR COST AVERAGING definition
DOLLAR COST AVERAGING. A program that permits the Certificate Holder to systematically transfer amounts from any of the Funds and the one-year AG Account Guaranteed Term to any of the Funds. Dollar Cost Averaging is not available with the Systematic Withdrawal Option or the Estate Conservation Option.
DOLLAR COST AVERAGING. A program that permits the Certificate Holder to systematically transfer amounts from any of the Funds and the one-year AG Account Guaranteed Term to any of the Funds by completing the appropriate section of the enrollment form or a Dollar Cost Averaging election form.
DOLLAR COST AVERAGING. (DCA) PROGRAM: A DCA Program permits you to allocate all or part of the Initial Purchase Payment to the DCA Option and automatically transfer amounts on a monthly basis from the DCA Option to selected Allocation Options for a given period of time.
Examples of DOLLAR COST AVERAGING in a sentence
DOLLAR COST AVERAGING (DCA) -- An option that allows the automatic transfer of a portion of the Contract Value in periodic installments from a designated DCA holding account to one or more of the Variable Subaccounts available under the Contract.
DOLLAR COST AVERAGING (DCA) FIXED ACCOUNT OPTION(S) Any portion of a Purchase Payment allocated to the DCA Fixed Account Option(s) must be transferred out to the Variable Portfolio(s) within the specified DCA Fixed Account Option period.
DOLLAR COST AVERAGING (DCA) -- An option that allows the automatic transfer of a portion of the Contract Value in periodic installments from a designated DCA holding account to one or more of the Variable Subaccounts and any Fixed Account available under the Contract.
DOLLAR COST AVERAGING (DCA) You may authorize the automatic transfer of amounts, at the interval selected by You, from the 1-Year DCA Fixed Account Option to any Subaccount(s).
DOLLAR COST AVERAGING (DCA) FIXED ACCOUNT -- A portion of this Contract established by Us to accept Purchase Payments or Transfers of Contract Value that may only be used for the Dollar Cost Averaging program.
More Definitions of DOLLAR COST AVERAGING
DOLLAR COST AVERAGING. A program that permits the Certificate Holder to systematically transfer amounts from any of the Funds or an available AG Account Guaranteed Term to any of the Funds. Aetna reserves the right to establish terms and conditions governing Dollar Cost Averaging. Dollar Cost Averaging is not available when an SDO is in effect.
DOLLAR COST AVERAGING. PROGRAM To facilitate a dollar cost averaging program, a source account and target account(s) must be identified. Subject to Company disclosed restrictions, a source account can be [any available 1-year fixed account, available fixed accounts designed to facilitate Dollar Cost Averaging (DCA Fixed Account) or a Variable Portfolio.] The target account must be a Variable Portfolio. Any portion of a Purchase Payment allocated to any available DCA Fixed Account Options must be transferred out to the Variable Portfolio(s) within the specified DCA Fixed Account period. Upon termination of a DCA program using the DCA Fixed Account as a source account, any amounts remaining in the DCA Fixed Account will be transferred to the target allocation(s) for the program being terminated. If money remains in a DCA Fixed Account at the time of annuitization, that amount will be applied towards a Fixed Annuitization. The unit values credited and applied to your Contract are FS-975 (7/04) 7 determined on the date of transfer. We reserve the right to impose a minimum or maximum contribution level on Purchase Payments allocated to a DCA Fixed Account and/or change the terms and conditions of the DCA program at any time. SUBSTITUTION OF VARIABLE PORTFOLIO If the shares of an Underlying Fund should no longer be available for investment by the Separate Account, then We may substitute shares of another Underlying Fund, for shares already purchased, or to be purchased in the future. Substitutions of securities will be carried out in accordance with any applicable state and/or federal laws or regulations. ACCUMULATION PROVISIONS Prior to the Annuity Date, the Contract Value is the sum of the Separate Account Accumulation Value and the Fixed Account Accumulation Value, if any. SEPARATE ACCOUNT ACCUMULATION VALUE The Separate Account Accumulation Value under the Contract shall be the sum of the values of the Accumulation Units held in the Variable Portfolios for the Owner. NUMBER OF ACCUMULATION UNITS Your Contract is credited with Accumulation Units of the Separate Account when amounts are allocated to the Variable Portfolio(s). For that portion of each Purchase Payment and/or transfer amount allocated to a Variable Portfolio, the number of Accumulation Units credited is equal to the sum of each Purchase Payment and/or transfer amount allocated to the Variable Portfolio reduced by premium taxes, if any: Divided by The Accumulation Unit value for that Variable Portfolio for the NYSE bus...
DOLLAR COST AVERAGING. You may transfer all or part of your interest in the money market subaccount in Variable Account A to one or more of the other Variable Account A subaccounts, pursuant to a Dollar Cost Averaging Plan. To participate in such a Plan, you must transfer a minimum of $1000 per month for 12 to 36 months. When participation begins your Contract's interest in the money market subaccount in Variable Account A must be at least equal to the amount you wish to transfer each month times the number of months elected. Allocations to a subaccount must be in 10% increments of each amount transferred. Transfers will take place each month on the same date of each month as the date on which your Contract was issued. For example, if your Contract was issued on the 15th day of the month, transfers will take place on the 15th day of each month for which transfers are to be made. There is no charge for Dollar Cost Averaging transfers. Dollar Cost Averaging transfers are in addition to those permitted in Section 5.2.
DOLLAR COST AVERAGING. (DCA) INTEREST SEGMENT: A DCA Interest Segment is a portion of the DCA Option that is created if you allocate all or part of the Initial Purchase Payment to the DCA Option.
DOLLAR COST AVERAGING. (DCA) FIXED RATE INVESTMENT OPTION: A portion of the General Account into which you may allocate Invested Purchase Payments. It does not share in the investment experience of any Subaccount of the Variable Separate Account.
DOLLAR COST AVERAGING. Once each month, the Accumulated Value in the amount designated below is to be transferred from the Money Market Sub-Account to the other Sub-Accounts as Apportioned below. SENTINEL/MARKET STREET FUNDS: $______ Money Market $______ Growth $______ Aggressive Growth $______ Managed $______ Bond $______ International $______ Sentinel Growth AMERICAN CENTURY FUNDS: $______ Value $______ Income & Growth J.P. ▇▇▇▇▇▇ ▇▇▇DS: $______ International Opportunities $______ Small Company STRONG FUNDS: $______ Opportunity Fund II $______ Growth Fund II NEUB▇▇▇▇▇ & ▇ERM▇▇ ▇▇▇D: $______ Partners GOLD▇▇▇ ▇▇▇HS FUNDS: $______ International Equity $______ Global Income $______ CORE Small Cap Equity $______ Mid Cap Equity FIDELITY INVESTMENTS (VIP FUNDS): $______ Equity Income $______ Overseas $______ Growth $______ High Income $______ Index 500 $______ Contrafund THE ALGE▇ ▇▇▇RICAN FUND: $______ Growth $______ Small Capitalization NATIONAL LIFE INSURANCE COMPANY: $______ General Account OTHER: (As available.) $______ ____________________________ $______ ____________________________ $______TOTAL ALLOCATION 99048026244300003-02 VARIABLE UNIVERSAL LIFE INSURANCE APPLICATION - PART A - Continued --------------------------------------------------------------------------------
D. OWNER INFORMATION:
1. Owner: (Select one and provide requested information. Owner may not be a minor.) __ INSURED __ OTHER INDIVIDUAL (Name, Date of Birth & Relationship) ______________________________________________________________________ while living, thereafter (Name, Date of Birth & Relationship) ______________________________________________________________________ Contingent owner, while living, and thereafter (Check one.) __Insured. __ Estate of the last survivor of the name owners, Note: If neither box is checked, the final owner is the executors or administrators of last survivor of the named owners. __ CORPORATION (Full Legal Name) ______________________________________________________________________ _____________________________________________________________________, incorporated in (State) __________________, its successors or assigns. __ PARTNERSHIP (Full Legal Name)___________________________________, a partnership of (City and State)____________________________________ or any successor partnership doing business in said city under said name. __ LIMITED PARTNERSHIP (Full Legal Name)__________________________, a (State) _____________________________________ Limited Partnership, its succes...
DOLLAR COST AVERAGING. PROGRAM: You may transfer all or part of your Contract Value in a designated subaccount to one or more other subaccounts pursuant to the Dollar Cost Averaging Program (DCA Program). We will transfer a specified amount at the frequency You select from the subaccount that You designate (the "source subaccount") and allocate it in accordance with Your instructions to the subaccount(s) that You select. To elect the DCA Program You need to have a minimum amount in the source subaccount equal to the amount to be transferred each period multiplied by the number of periodic transfers.