Total Control Account definition

Total Control Account refers to the retained asset accounts, which are supplemental contracts on Reinsured Policies.

Examples of Total Control Account in a sentence

  • The Total Control Account is not insured by the FDIC or any other governmental agency.

  • We will bear the investment experience of such assets; however, regardless of the investment experience of such assets, the interest credited to the Total Control Account will never fall below the applicable guaranteed minimum rate.

  • The Total Control Account is an interest-bearing account through which the Beneficiary has complete access to the proceeds, with unlimited check writing privileges.

  • The Total Control Account is not insured by the FDIC or any other governmental agency.experience of the assets backing the Total Control Account, We may receive a profit from these assets.

  • Because We bear the investment experience of the assets backing the Total Control Account, We may receive a profit from these assets.

  • Reinsurer’s assumption shall not include any obligations related to a Total Control Account reinsured by Reinsurer.

  • TOTAL CONTROL ACCOUNT If Your Contract was issued in connection with a 403(b) plan, Your Beneficiary may elect to have the Contract's death benefit proceeds paid through an account called the Total Control Account at the time for payment.

  • Reinsurer's assumption shall not include any obligations related to a Total Control Account reinsured by Reinsurer.

  • TOTAL CONTROL ACCOUNT If Your Contract was issued in connection with a 403(b) Plan, Your Beneficiary may elect to have the Contract's death benefit proceeds paid through an account called the Total Control Account at the time for payment.

  • TOTAL CONTROL ACCOUNT If Your Contract was issued in connection with a 403(b) Plan, Your Beneficiary may elect to have the Contract's death benefit proceeds paid through a settlement option called the Total Control Account.