Index Sub-Account definition

Index Sub-Account. A Sub-Account for which We calculate values depending on increases or decreases in the Index.
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Examples of Index Sub-Account in a sentence

  • Currently, they are as follows: Stock Sub-Account; Index Sub-Account; Bond Sub- Account; Mortgage Securities Sub-Account; Money Market Sub-Account and Managed Sub-Account.

  • An Index Sub-Account Term begins on the date as of which premium is allocated or an amount is transferred to an Index Sub-Account and ends when the number of years in the Term elected has elapsed.

  • Also, at the end of the term of each Index Sub-Account, We will give a report that shows the length of the new term and the new term s Participation Rate and Floor and Cap.

  • We will send the Certificate Owner a report shortly after the end of each Certificate Year that shows the following values for each Index Sub-Account that was open at any time during the Certificate Year: the Surrender Value and Indexed Value at the beginning of that year and the Indexed Value (as of the most recent Sub-Account Anniversary); the amount of any surrenders or transfers during that year; and the Index Increase, Surrender Value and Indexed Value at the end of that year.

  • Also, at the end of the term of each Index Sub-Account, We will give You a report that shows the length of Your new term and Your new term's Participation Rate and Floor and Cap.

  • A new Term of the same duration will commence automatically after the end of a Term unless We receive a Certificate Owner's Written Request prior to the start of the new Term of a Certificate Owner's election of a different Term from among those being offered by Us at that time, or instructions to transfer the expiring Index Sub-Account Value to the Interest Sub-Account.

  • The Contribution, with interest, will be allocated to the Equity 500 Index Sub-Account of the Separate Account shown on the Contract Schedule 30 days after the Issue Date shown on the Contract Schedule.

  • Sub-Account Anniversary, Sub-Account Year: A continuous twelve-month period commencing on the date that an Index Sub-Account is opened by allocation or transfer, and each anniversary thereof including the end of the Term.

  • We will send You a report shortly after the end of each Contract Year that shows the following values for each Index Sub-Account that was open at any time during the Contract Year: the Surrender Value and Indexed Value at the beginning of that year and the INDEX Value (as of the most recent Sub-Account Anniversary); the amount of any surrenders or transfers during that year; and the Index Increase, [Index Decrease,] Surrender Value and Indexed Value at the end of that year.

  • Currently, they are as follows: Stock Sub-Account; Index Sub-Account; Bond Sub-Account; Mortgage Securities Sub-Account; Money Market Sub-Account and Managed Sub-Account.