EXPENSE RISK CHARGE. [Equal, on an annual basis, to 1.25% of the average daily net asset value of the Variable Account.] ADMINISTRATIVE CHARGE: [Equal, on an annual basis, to .15% of the average daily net asset value of the Variable Account. The Company may increase this charge; however, the maximum Administrative Charge will not exceed .25% of the average daily net asset value of the Variable Account. In the event of an increase, the Company will give Certificate Owners 90 days prior notice of the increase.]
EXPENSE RISK CHARGE. On an annual basis this charge equals 0.35% of the average daily total net asset value of the Subaccounts to which Your Purchase Payments are allocated. This charge is to compensate Us for assuming the expense risks under the Contract. DISTRIBUTION EXPENSE CHARGE On an annual basis this charge equals 0.15% of the average daily total net asset value of the Subaccounts to which Your Purchase Payments are allocated. This charge is to compensate Us for all distribution expenses associated with the Contract. GUARANTEED DEATH BENEFIT RISK CHARGE On an annual basis this charge equals 0.12% of the average daily total net asset value of the Subaccounts to which Your Purchase Payments are allocated. This charge is to compensate Us for the risk assumed as a result of contractual obligations to provide a minimum guaranteed Death Benefit prior to the Annuity Date.
EXPENSE RISK CHARGE. Equal on an annual basis to 1.25% of the average daily net asset value of the Separate Account
Examples of EXPENSE RISK CHARGE in a sentence
Annually MORTALITY AND EXPENSE RISK CHARGE: A charge equal to an effective annual rate of [1.25%] of the daily Net Asset Value of the Sub-Accounts.
MORTALITY AND EXPENSE RISK CHARGE The Mortality and Expense Risk Charge for any Monthly Activity Date is equal to: (i) the monthly Mortality and Expense Risk Rate; multiplied by (ii) the sum of Your accumulated values in the Sub-Accounts on the Monthly Activity Date, prior to assessing the Monthly Deduction Amount.
EXPENSE RISK CHARGE The Expense Risk Charge pays us for guaranteeing that we will not increase the Annual Contract Charge or the Administrative Charge even though our cost of administering this contract and the Variable Account may increase.
FEES AND CHARGES MORTALITY AND EXPENSE RISK CHARGE The Mortality and Expense Risk Charge is shown on the Contract Specifications page and is deducted daily from each Sub-Account.
MORTALITY AND EXPENSE RISK CHARGE: [1.35%] PER ANNUM OF THE DAILY SUB-ACCOUNTS VALUE.
More Definitions of EXPENSE RISK CHARGE
EXPENSE RISK CHARGE. On an annual basis this charge, as shown on the Contract Data Page, equals a percentage of the average daily total net asset value of the Variable Portfolios to which Your Purchase Payments are allocated. This charge is to compensate Us for assuming the expense risks under the Contract.
EXPENSE RISK CHARGE. DISTRIBUTION EXPENSE CHARGE: [0.35%] [0.15%] SEPARATE ACCOUNT: [Variable Annuity Account Five] OPTIONAL ELECTIONS OPTIONAL ELECTION CHARGES: OPTIONAL DEATH BENEFIT ELECTED: 0.20% [Purchase Payment Accumulation] FOR INQUIRIES [CALL 1-800-000-0000] 3 29 PURCHASE PAYMENT ALLOCATION Subaccounts 80.00% Growth Strategy 0.00% Moderate Growth Strategy 0.00% Balanced Growth Strategy 0.00% Conservative Growth Strategy 0.00% Large Cap Growth Portfolio 0.00% Large Cap Composite Portfolio 0.00% Large Cap Value Portfolio 0.00% Mid Cap Growth Portfolio 0.00% Mid Cap Value Portfolio 0.00% Small Cap Portfolio 0.00% International Equity Portfolio 0.00% Diversified Fixed Income Portfolio 0.00% Cash Management Portfolio 0.00% Focus Growth Portfolio 0.00% Focus Growth and Income Portfolio 0.00% Focus Value Portfolio 0.00% Focus TechNet Portfolio 0.00% Strategic Growth Portfolio 0.00% Conservative Growth Portfolio 0.00% Balanced Portfolio 0.00% Conservative Balanced Portfolio 0.00% Flexible Income Portfolio 0.00% Short Term Income Fund 0.00% Government Securities Fund 0.00% Income Fund Fund 0.00% Money Market Fund 0.00% Equity Income Fund 0.00% Growth & Income Fund 0.00% Growth Fund of the Northwest 0.00% Growth Fund 0.00% Mid Cap Stock Fund 0.00% Small Cap Stock Fund 0.00% International Growth Fund
EXPENSE RISK CHARGE. During the Accumulation Period, the Mortality and Expense Risk Charge is equal on an annual basis to [1.34%] of the average daily net asset value of the Variable Account. During the Annuity Period, the Mortality and Expense Risk is equal on an annual basis to [1.25%] of the average daily net asset value of the Variable Account. We may decrease this charge, but we may not increase it.
EXPENSE RISK CHARGE. As named by You [0.35%]
EXPENSE RISK CHARGE. This charge, as shown on the Contract Data Page, on an annualized basis equals a percentage of the average daily ending value of the assets attributable to the Accumulation Units of the Subaccounts to which the Contract is allocated. We subtract this charge daily. This charge is to compensate Us for assuming the expense risks under the Contract. DISTRIBUTION EXPENSE CHARGE This charge, as shown on the Contract Data Page, on an annualized basis equals a percentage of the average daily ending value of the assets attributable to the Accumulation Units of the Subaccounts to which the Contract is allocated. We subtract this charge daily. This charge is to compensate Us for distribution expenses associated with the Contract. GUARANTEED DEATH BENEFIT RISK CHARGE This charge, as shown on the Contract Data Page, on an annualized basis equals a percentage of the average daily ending value of the assets attributable to the Accumulation units of the Subaccounts to which the Contract is allocated. This charge is to compensate Us for the risk assumed as a result of contractual obligations to provide a minimum guaranteed Death Benefit prior to the Annuity Date.
EXPENSE RISK CHARGE. Xx xx xnnual basis, this charge equals 0.23% of the daily net assets value of the Portfolios.
EXPENSE RISK CHARGE. The charge specified on the Contract Data Page. This charge is to compensate Us for assuming the expense risks under the Contract. INTEREST RATE ADJUSTMENT. See INTEREST RATE ADJUSTMENT section.