Examples of Sub-Accounts in a sentence
Exchange - The movement of amounts in the Participant Account to a Companion Investment Option under the Plan or from one or more Sub-Accounts of the Variable Account to one or more Sub-Accounts of the Variable Account.
Business Day - Each day the New York Stock Exchange and our home office are open for business or any other day during which there is enough trading of the Sub-Accounts of the Variable Account that the current net asset value of its Units might be materially affected.
Investment Options – the Sub-Accounts of the Variable Account that correspond to the Underlying Investments.
The Variable Account is divided into Sub-Accounts that are referred to here as Investment Options.
If Participants have allocated money to a Sub-Account, they are permitted Exchanges from that Sub-Account to another or from the Sub-Accounts of the Variable Account to a Companion Investment Option (if applicable).