FIXED ACCOUNT is a separate investment account of ours into which purchase payments may be invested or Account Value may be transferred.
FIXED ACCOUNT. A Fixed Account is an investment option which is funded by the General Account of the Company.
FIXED ACCOUNT. An investment option within the General Account.
Examples of FIXED ACCOUNT in a sentence
BY SIGNING THIS APPLICATION, I ACKNOWLEDGE THAT I HAVE RECEIVED, READ AND UNDERSTOOD THE STATEMENTS IN THIS APPLICATION AND IN THE PROSPECTUS THAT THE FIXED ACCOUNT MAY NOT BE AVAILABLE AT SOME POINT DURING THE LIFE OF THE CONTRACT INCLUDING POSSIBLY WHEN THIS CONTRACT IS ISSUED.
FIXED ACCOUNT - This is the Separate Account established to support Fixed Allocations.
THE COMPANY WILL REFUND ANY PURCHASE PAYMENTS MADE AND ALLOCATED TO THE FIXED ACCOUNT AND WILL REFUND SEPARATE ACCOUNT CONTRACT VALUE AS OF THE DATE THE RETURNED POLICY IS RECEIVED BY THE COMPANY.
RATIO = (LIABILITY - GMWB FIXED ACCOUNT CONTRACT VALUE) / (SEPARATE ACCOUNT CONTRACT VALUE + FIXED/GUARANTEED ACCOUNT CONTRACT VALUE) If the sum of the Separate Account Contract Value and the Fixed/Guaranteed Account Contract Value is equal to zero, the Ratio will not be calculated.
DOLLAR COST AVERAGING FIXED ACCOUNT OPTION We may offer a Dollar Cost Averaging (DCA) Fixed Account Option separate from the Guaranteed Period Options.
More Definitions of FIXED ACCOUNT
FIXED ACCOUNT. The account We establish to support Fixed Allocations. The Contract Schedule shows whether the Fixed Account is available under the Certificates.
FIXED ACCOUNT. A portion of the general account into which you may allocate purchase payments or transfer contract value. It is equal to the sum of all purchase payments allocated to any fixed account less withdrawals and charges. At our discretion, we may from time to time declare an excess interest rate for Fixed Account I. The excess interest rate will be guaranteed for one contract year. A fixed account is available only during the accumulation period.
FIXED ACCOUNT. [Initial Guarantee Period: Through the end of the current calendar year Renewal Guarantee Period: A calendar year Initial Current Interest Rate: 4.60% Minimum Guaranteed Interest Rate: 3.00% annually] ANNUITY SERVICE OFFICE: Cova Financial Services Life Insurance Company [P.O. Box 10366 Des Moines, Iowa 50306-0366 (000) 000-0000] ENDORSEMENTS AND RIDERS ATTACHED TO THIS CONTRACT: [Fixed Account Rider for Variable Annuity Enhanced Dollar Cost Averaging Rider Three Month Market Entry Rider Death Benefit Rider - Return of Purchase Payments Death Benefit Rider - Annual Step-up Death Benefit Rider - Greater of Annual Step-up or 5% Annual Increase Guaranteed Minimum Income Benefit Rider - [Living Benefit] Additional Death Benefit Rider - [Earnings Preservation Benefit] Waiver of Withdrawal Charge for Nursing Home or Hospital Confinement Rider Waiver of Withdrawal Charge for Terminal Illness Rider Purchase Payment Credit Rider Individual Retirement Annuity Endorsement Xxxx Individual Retirement Annuity Endorsement Tax Sheltered Annuity Endorsement 401 Plan Endorsement Unisex Annuity Rates Rider] DEFINITIONS ACCOUNT VALUE -- The sum of your interests in the Subaccounts of the Separate Account. ACCUMULATION PERIOD -- The period prior to the Annuity Date during which you can make Purchase Payments. ANNUITANT -- The natural person(s) on whose life Annuity Payments are based. You may change the Annuitant at any time prior to the Annuity Date unless an Owner is not a natural person. Any reference to Annuitant shall also include any Joint Annuitant under an Annuity Option. The Annuitant and Owner do not have to be the same person. ANNUITY PAYMENTS -- The series of payments made to the Owner or other named payee after the Annuity Date under the Annuity Option elected. ANNUITY DATE -- The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY PERIOD -- The period starting on the Annuity Date during which Annuity Payments are payable. ANNUITY SERVICE OFFICE -- The office indicated on the Contract Schedule to which notices, requests and Purchase Payments must be sent, or as otherwise directed by Notice from us. All sums payable by us under the Contract are payable through the Annuity Service Office. ANNUITY UNIT -- A unit of measure used to calculate Variable Annuity Payments after the Annuity Date. ATTAINED AGE -- The age of any Owner or Annuitant on his/her last birthday. BENEFICIARY -- The person(s) or entity(ies) you name to re...
FIXED ACCOUNT means an account which has become fixed, Vested, set apart and segregated pursuant to Article IV(P), regardless of whether or not the assets thereof shall be commingled with any other such account or accounts.
FIXED ACCOUNT means allocation option(s) other than the Separate Account.
FIXED ACCOUNT. The Fixed Account is part of the Company’s General Account to which Policy Value may be transferred or Net Premiums allocated under a Policy.
FIXED ACCOUNT. The portion of the Net Single Premium Payment allocated to the Company's general account. During the term of the Payout Option selected and regardless of investment results achieved by any funds allocated to the Separate Account, the Company guarantees payment of the fixed Income Payment amount shown on the Contract Data Page based on the amount allocated to the Fixed Account, the Payout Option selected and the age of the Annuitant and Joint Annuitant, if applicable. Funds allocated to the Fixed Account cannot be reallocated to provide for variable Income Payments or be subject to an Article 5 "Withdrawal".