Guaranteed Account definition
Guaranteed Account. Includes any Allocation Option we may offer with interest rate guarantees.
Guaranteed Account. A nonunitized separate account, established by Aetna under Section 38a-433 of the Connecticut General Statutes, that holds assets for Guaranteed Terms. There are no discrete units for this account. The Certificate Holder does not participate in any gain or loss resulting from the performance of the investments held in the account. Income, gains or losses realized or unrealized, are gains or losses of Aetna. Aetna liabilities, except for liabilities under this Contract and reserves required by federal and state law, may not be charged against the nonunitized separate account.
Guaranteed Account. Any cash or margin account, in Canadian, US or other currency, any regular account, short-selling account, futures account, managed account or any other type of account offered by LBS or opened with LBS on behalf of the Client;
Examples of Guaranteed Account in a sentence
Surrenders will result in the cancellation of Accumulation Units from each applicable Subaccount and the Guaranteed Account in the ratio that the value of each Subaccount bears to the total Contract Value.
However, after the Annuity Date no transfers may be made between a Subaccount and the Guaranteed Account.
We guarantee that the effective annual rate of interest for the Guaranteed Account, including any of the Guaranteed Periods, will not be less than 3%.
If You have allocated or transferred amounts at different times to the Guaranteed Account, each allocation or transfer may have a unique effective guaranteed interest rate associated with that amount.
GUARANTEE PERIODS - The portion of Your Contract Value within the Guaranteed Account is credited with interest at rates guaranteed by Us for the Guarantee Period(s) selected.
More Definitions of Guaranteed Account
Guaranteed Account. The Fixed Account, DCA Fixed Account and any other account that we may offer with interest rate guarantees.
Guaranteed Account. A separate account, established by Aetna Life Insurance and Annuity Company (herein Aetna) under Section 38a-433 of the Connecticut General Statutes, that holds assets for Guaranteed Terms. There are no discrete units for this account. The Certificate Holder does not participate in any gain or loss resulting from the performance of the investments held in the account. Income, gains or losses realized or unrealized, are gains or losses of Aetna. Aetna liabilities, except for liabilities under this Contract and reserves required by federal and state law, may not be charged against the nonunitized separate account.
Guaranteed Account means in respect of any Member, a notional account maintained by the Approved Trustee for the purpose of enabling the Approved Trustee to determine the investment return on contributions guaranteed by the Guarantor. For the avoidance of doubt the Guaranteed Account does not represent the value of assets held by the Approved Trustee on behalf of the Member to whom the Guaranteed Account relates and therefore no Member shall thereby acquire or have any interest or share in any particular part of the Scheme and no part of the Scheme shall thereby belong to any Member or other person claiming through or on behalf of any Member.
Guaranteed Account the meaning given in Section 2.01(a) hereof.
Guaranteed Account the portion of this Group Annuity Contract providing Guaranteed Sub-Accounts, each having a Guaranteed Interest Rate and containing fixed dollar amounts. DEFINITIONS (continued) Guaranteed Contract Value -the sum of the values of the Guaranteed Sub-Accounts credited to the Group Policyholder in respect of a Participant under a Participant Annuity Account. Guaranteed Interest Rate -the minimum interest rate applicable to Guaranteed Sub-Accounts which on an annual effective basis is 4%. Guaranteed Sub-Account -a subdivision of the Guaranteed Account having a Guaranteed Interest Rate and containing fixed dollar amounts. This subdivision is described in greater detail in the attached Guaranteed Sub-Account Riders, if any. Investment Division -a division of the Series Account containing the shares of a specific portfolio of the Eligible Fund. There is an Investment Division for each portfolio of the Eligible Fund. Participant -a person in the employ of the Group Policyholder on the day the Group Policyholder has made Application for Coverage for him/her and who is reported by the Group Policyholder as having complied with the terms of the Plan as to eligibility. Participant Annuity Account -a separate record established in the name of each Participant which reflects the total of the Guaranteed and Variable Contract Values. Participant Annuity Account Value -the sum of the Variable and Guaranteed Contract Values credited to the Group Policyholder in respect of a Participant under a Participant Annuity Account. Participant Effective Date -the date on which the first Deposit is credited to a Participant Annuity Account. Payee -the Group Policyholder or the person, including the Participant, designated by it to receive the value of the Participant Annuity Account. Premium Tax -the amount of premium tax, if any, charged by a state or other government authority. Series Account -the segregated investment account called "FUTUREFUNDS Series Account" established by Great-West Life & Annuity Insurance Company under Kansas law and registered as a unit investment trust under the Investment Company Act of 1940, as amended. DEFINITIONS (continued) Transfer -amounts moved from any Sub-Account to another Sub-Account on one day upon each Written Request of the Group Policyholder in respect of the Participant. Valuation Date -the date on which the net asset value of each Eligible Fund is determined. Valuation Period -the period between the ending of two successive Valuation Dates...
Guaranteed Account means a guaranteed account under section 33;
Guaranteed Account means the account which Investec maintains for a guaranteed account holder