GUARANTEED INTEREST ACCOUNT definition

GUARANTEED INTEREST ACCOUNT. The Guaranteed Interest Account is an allocation option under the Contract supported by the Company's General Account. It is not part of nor dependent upon the investment performance of the Variable Account.

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GUARANTEED INTEREST ACCOUNT. The "Guaranteed Interest Account" is a part of our General Account, to which a portion of the Accumulation Value may be allocated and which provides guarantees of principal and interest.

GUARANTEED INTEREST ACCOUNT means the portion of the Guaranteed Interest Fund accumulated to the credit of the Policyholder or Member, as applicable.

Examples of GUARANTEED INTEREST ACCOUNT in a sentence

• THE VALUATION OF SUB-ACCOUNTS AND GUARANTEED INTEREST ACCOUNT The values and benefits of the GIA are not less than those required by the laws of the state where this contract is delivered.

• GUARANTEED INTEREST ACCOUNT (GIA) This contract also contains a Guaranteed Interest Account (GIA) to which premium payments may be allocated.

• Form 15208-95 TRANSFERS FROM THE GUARANTEED INTEREST ACCOUNT Once during the first 30 days of each Contract Year, you may transfer amounts from the Guaranteed Interest Account.

• GUARANTEED INTEREST ACCOUNT (GIA) This policy also contains a Guaranteed Interest Account (GIA) to which premium payments may be allocated.

• In the event the Privacy Shield does not apply to the transfer, is not accepted as a valid transfer mechanism under Data Protection Laws, is invalidated and/or Ditat is no longer certified under Privacy Shield, Ditat agrees to abide by and process the Client Data in compliance with the Model Clauses, which are incorporated by reference and form an integral part of this DPA.

• UPON CANCELLATION, LNL WILL RETURN THE VALUE OF ANY GROSS PURCHASE PAYMENTS MADE TO THE VARIABLE ACCOUNT, THE GUARANTEED INTEREST ACCOUNT AND/OR THE DCA FIXED ACCOUNT OF THE CONTRACT.

• DETERMINATION OF THE VALUE OF THE GUARANTEED INTEREST ACCOUNT ("GIA") The value under the contract of the GIA is equal to the sum of all premium or transfer amounts applied to the GIA and all interest earned on these amounts less amounts withdrawn or transferred from this account and amounts used as payment of the Annual Administrative Charge.

• PAYMENTS AND VALUES BASED ON THE GUARANTEED INTEREST ACCOUNT (INCLUDING TRANSFERS, WITHDRAWALS, SURRENDER, AND/OR ANNUITIZATION) MAY BE SUBJECT TO A MARKET VALUE ADJUSTMENT, WHICH MAY RESULT IN UPWARD OR DOWNWARD ADJUSTMENTS IN AMOUNTS PAYABLE TO THE OWNER.

• LONG-TERM GUARANTEED INTEREST ACCOUNT (LT-GIA) This policy also contains a Long Term Guaranteed Interest Account (LT-GIA) to which premium payments may be allocated.

More Definitions of GUARANTEED INTEREST ACCOUNT

GUARANTEED INTEREST ACCOUNT means an account established on behalf of the Participant as described in Section 5.2.

GUARANTEED INTEREST ACCOUNT. Provision The Separate Account 13 Guaranteed Interest Account Values 7 The Policy 13 Interest 7 Misstatement of Age 13 Incontestability 13 Policy Maintenance Charge 7 Changes 14 Section 72 14 Transfer Provisions Non-Alienation of Benefits 14 Transfers During the Accumulation Period 7 Reserves 14 Transfers During the Annuity Period 8 Non-Participating 14 Evidence of Survival 14 Withdrawal Provisions Proof of Age 14 Withdrawals 8 Reports 14 Withdrawal Charge 8 Taxes 14 Systematic Withdrawal Program 9 3% Life Income Table 15 Proceeds Payable on Death Provision Death Benefit Amount Prior to the 9 4% Life Income Table 16 Annuity Date Death of Owner Prior to the Annuity Date 9 5% Life Income Table 17 Death Benefit Options - Death of Owner 9 Prior to the Annuity Date Fixed Period Table 18 Death of Annuitant Prior to the Annuity Date 10 Death of Owner on or After the Annuity Date 10 Riders, if any Insert POLICY SCHEDULE ANNUITANT: J▇▇▇ ▇▇▇ AGE AT ISSUE: 35 OWNER: J▇▇▇ ▇▇▇ AGE AT ISSUE: 35 POLICY NUMBER: 1234567891 DATE OF ISSUE: ANNUITY DATE: 01/01/2047 POLICY MAINTENANCE CHARGE: $30 per Policy Year MORTALITY AND EXPENSE RISK CHARGE: 1.25% of the average daily net asset value of the Separate Account per Policy Year ADMINISTRATIVE CHARGE: .15% of the average daily net asset value of the Separate Account per Policy Year. This charge may be increased but the maximum charge will never be more than .25%.

GUARANTEED INTEREST ACCOUNT means an Account established by us which accumulates the payment of each Premium at rates not less than [2%] during the first [10] Contract Years, and [3%] thereafter, which we will determine and declare from time to time. We reserve the right to discontinue the availability of the Guaranteed Interest Account at any time prior to issuing a contract.