Examples of Funding Options in a sentence
Each division invests in a corresponding portfolio or series of the Funding Options, rather than investing directly in stocks, bonds or other investments.
Thus, the Separate Account does not invest directly in stocks, bonds, etc., but leaves such investments to the Funding Options to make.
At the end of each valuation period, we then revise it by taking the net asset value of a share in the applicable Funding Options portfolio or series at the end of the valuation period, add any Funding Options dividend or capital gain distribution during the valuation period, subtract any per share charge for taxes and reserves for taxes, and divide this total by the net asset value of a share of the same portfolio or series at the start of the valuation period.
The Separate Account is divided into investment divisions, each of which buys shares in a corresponding portfolio or series of the Funding Options.
We may delay payment of the cash surrender value of the Funding Options for a period of not more than five business days after Your Written Request is recorded.
The Contract charge will be deducted by surrendering, on a pro rata basis, Accumulation Units from amounts allocated to the Funding Options.
In the case of a partial surrender, We will reduce Your Contract value by surrendering Accumulation Units on a pro rata basis from amounts allocated to the Funding Options and from the Fixed Account (if applicable), unless You instruct otherwise.
RELATION OF THIS CONTRACT TO THE SEPARATE ACCOUNT AND FUNDING OPTIONS We will have exclusive and absolute ownership and control of the assets of Our Separate Account and the Funding Options.
The Respondent is to describe their proposed Tablet Funding Options.
This would include, but is not limited to, a tax based upon Our realized net capital gains in the Funding Options and on earnings in the Fixed Account, on which We are not currently taxed.