Segregated Fund definition

Segregated Fund means the funds available under the policy as mentioned in policy terms and conditions.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Segregated Fund means the funds available under this Policy as mentioned in Part E of the Policy.

Segregated Fund means funds earmarked in respect of Unit Linked business.

Examples of Segregated Fund in a sentence

• The Segregated Fund operating expenses will be disclosed to You in the segregated fund annual report while the operating expenses for any underlying fund will be available to You upon request.

• The Segregated Fund asset based fees cover investment management services provided by the Fund manager(s) and include a charge for certain of the Services performed in respect of Member Accounts by Sun Life.

• The asset based fees do not cover the Segregated Fund operating expenses applicable to Segregated Funds set out in the Policy nor the operating expenses of the underlying fund, if any.

• If the Trustee determines that an alternative investment is appropriate, the Trustee may invest the Segregated Fund in any manner permitted with respect to the Trust Fund and such Segregated Fund shall be credited with the net income or loss or net appreciation or depreciation in value of such investments.

• If, in accordance with any of the provisions of the Plan, assets are either deposited initially or transferred to a Segregated Fund for the benefit of a Participant, the Plan Administrator shall establish and maintain a Segregated Account for the Participant.

More Definitions of Segregated Fund

Segregated Fund. Assets held in the name of the Trustee which have been segregated from the Trust Fund in accordance with any of the provisions of the Plan.

Segregated Fund means a specified and distinct group of assets the Insurer holds with respect to an IVIC, in which an Owner can invest by allocating deposits to units of a segregated fund under the IVIC.

Segregated Fund means the funds earmarked in respect of Unit Linked business and available under the policy as mentioned in policy terms and conditions.

Segregated Fund means a Fund established by Sun Life in accordance with the Insurance Companies Act (Canada) in which Contributions to the Policy are invested and the assets of which are owned by Sun Life and maintained as separate and distinct from the general assets of Sun Life.

Segregated Fund means a specified and distinct group of assets the Insurer holds with respect to an IVIC, in which a Customer who owns an IVIC can invest by purchasing units of a segregated fund under the IVIC.

Segregated Fund means the funds earmarked in respect of linked business as mentioned in this policy document.

Segregated Fund means the funds earmarked in respect of Unit Linked business and available under the Policy as mentioned in Part E of the Policy.