GROUP CONTRACT OWNER definition

GROUP CONTRACT OWNER. The person or entity to which the Group Contract is issued.
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GROUP CONTRACT OWNER. The Group Contract Owner has title to the Contract. The Contract and any amounts accumulated thereunder are not subject to the claims of the Group Contract Owner nor any of its creditors. The Group Contract Owner may transfer ownership of this Group Contract. Any transfer of ownership terminates the interest of any existing Group Contract Owner. It does not change the rights of any Certificate Owner.
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GROUP CONTRACT OWNER. [Securities Customers DRL Insurance Trust II] SEPARATE ACCOUNT: [PFL Endeavor Variable Annuity Account] DCA SUBACCOUNT(S): [Money Market Portfolio, U.S. Government Securities Portfolio] PREMIUM PAYMENT MINIMUMS (PER CERTIFICATE) Initial Premium Payment, Nonqualified: [$5,000.00] Initial Premium Payment, Qualified*: [$2,000.00] *Waived for 403(b) annuities Subsequent Premium Payments: [$50.00] SERVICE CHARGE: [$40] Before the Annually Commencement Date: [5%] Annually Compounding Death Benefit Mortality and Expense Risk Fee and Administrative Charge: [1.75%] Step-Up to age 75 Death Benefit Mortality and Expense Risk Fee and Administrative Charge: [1.75%] Return of Premium Death Benefit Mortality and Expense Risk Fee and Administrative Charge: [1.55%] Distribution Financing Charge [.00%] After the Annuity Commencement Date: Mortality and Expense Risk Fee and Administrative Charge: [1.55%] FIXED ACCOUNT MINIMUM ANNUAL INTEREST RATE: 3% SURRENDER CHARGE: Number of Years Since Percentage of Premium [Premium Payment Date] Withdrawn [0 - 1 8% 1 - 2 8% 2 - 3 8% 3 - 4 7% 4 - 5 6% 5 - 6 5% 6 - 7 4% 7 - 8 3% 8 - 9 2% 9 and thereafter 0%] AV 432 101 114 779 MSP SECTION 2 - CONTRACT DATA - CONT SCHEDULE OF ADDITIONAL BENEFITS: FORM NO. ADDITIONAL BENEFIT(S) AE 1051 199 LUMP SUM WITHDRAWAL OPTION AE 1058 199 GUARANTEED MINIMUM DEATH BENEFIT AE 1060 199 GUARANTEED MINIMUM DEATH BENEFIT AE 1061 199 GUARANTEED MINIMUM DEATH BENEFIT AE 1064 199 SYSTEMATIC PAYOUT OPTION AE 1074 199 SERVICE CHARGE WAIVER AE 1075 199 PREMIUM ENHANCEMENT] AV 432 101 114 779 MSP SECTION 3 - PREMIUM PAYMENTS PAYMENT OF PREMIUMS ALLOCATION OF PREMIUM PAYMENTS
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Examples of GROUP CONTRACT OWNER in a sentence

  • GROUP CONTRACT OWNER The Group Contract Owner has title to the Group Contract.

  • KEYPORT BENEFIT LIFE INSURANCE COMPANY ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Service Office ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Contract Schedule GROUP CONTRACT OWNER Keyport Benefit Insurance Trust I GROUP CONTRACT NUMBER DVA(NY)003 GROUP CONTRACT ISSUE DATE 10/1/97 MINIMUM INITIAL PAYMENT $25,000 MINIMUM ADDITIONAL PAYMENT $250 ($50 for EFT payment) Charges Distribution Charge: None.

  • ADJUSTED POLICY VALUE GROUP CONTRACT OWNER The Policy Value increased or The entity, as shown on the decreased by any Excess Interest Contract Data Page, which applies Adjustment for the Group Contract ANNUITANT INVESTMENT OPTIONS The Participant to whom annuity Any of the Guaranteed Period payments will be made, unless Options of the Fixed Account, the another payee is named.


More Definitions of GROUP CONTRACT OWNER

GROUP CONTRACT OWNER. CONTRACT NUMBER:
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GROUP CONTRACT OWNER. Direct Consumer's Group Trust Dated December 22, 1995 GROUP CONTRACT EFFECTIVE DATE: September 1, 2001 ELIGIBLE PERSONS: Customers of participating financial institutions.
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