Segregated Fund definition

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

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

• Any amount that is allocated to a Segregated Fund is invested at the risk of the contract owner and may increase or decrease in value.

• 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.

• In the event that the Units are held in more than one Segregated Fund, the cancellation of Units will be effected in the same proportion as the Unit value held in each Segregated Fund.

• 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.

• Upon receipt by the Trustee of such assets, the Trustee shall place such assets in a Segregated Fund for the Participant and the Employee shall be deemed to be one hundred percent (100%) vested and have a nonforfeitable interest in any such assets.

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 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 Unit Linked business and available under the policy as mentioned in policy terms and conditions.

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

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 Part E of the Policy.