Variable Account definition

Variable Account means the account established for a member who participates in the

Variable Account is a separate investment account of ours into which purchase payments may be invested or Account Value may be transferred. The Variable Account is shown in the Schedule. "Variable Account Value" is the sum of the value of each Variable Sub-Account on a Valuation Date.

Variable Account means the account established for a member who participates in the Variable Annuity Account under ORS 238.260.

Examples of Variable Account in a sentence

• AUL shall exercise these voting rights based on instructions received from persons having the voting interest in corresponding Investment Accounts of the Variable Account.

• Payments or transfers to or from a Variable Account may be delayed after our receipt of the request under certain circumstances.

• Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies.

• Any excess of the death benefit amount over the Account Value will be allocated to each applicable Subaccount in the Variable Account and/or the Fixed Account in the ratio that the Account Value in a Subaccount and/or the Fixed Account bears to the total Account Value.

• The value of the Variable Account, at any time prior to the Annuity Commencement Date, is equal to the sum of the values allocated to the Variable Subaccounts.

More Definitions of Variable Account

Variable Account. A separate account maintained by us in which a portion of our assets has been allocated for this and certain other contracts. It has been designated on the Contract Schedule. PURCHASE PAYMENTS

Variable Account means a separate account established by AUL called the AUL American Unit Trust, which is registered under The Investment Company Act of l940 as a unit investment trust.

Variable Account. The Protective Variable Annuity Separate Account, a separate investment account of Protective Life.

Variable Account. One or more Variable Accounts are named on the Policy Data Page. Each is a separate investment account of the Company.

Variable Account means the account established for a member who

Variable Account. The Protective Variable Annuity Separate Account, a separate investment account of Protective Life. ICC11-VDA-P-2006 12/11 Company — Protective Life Insurance Company, also referred to as “Protective Life”, “the Company”, “we”, “us” and “our”.

Variable Account. A separate account designated on the Contract Schedule which provides investment options where the benefits are variable and are not guaranteed as to dollar amount.