VARIABLE SEPARATE ACCOUNT. A segregated asset account maintained by us to support this and certain other contracts. The segregated asset account(s) available as of the Contract Date is shown on the Contract Data pages. WE, OUR AND US: Pruco Life Insurance Company of New Jersey.
VARIABLE SEPARATE ACCOUNT or “VSA” means the insulated, unitized separate account(s) established and maintained by the Company pertaining to the Policies which accounts are registered as a unit investment trust under the Investment Company Act of 1940.
VARIABLE SEPARATE ACCOUNT. A segregated asset account maintained by us to support this and certain other contracts. The segregated asset account(s) available as of the Contract Date is shown on the Contract Data pages. WE, OUR AND US: Pruco Life Insurance Company. WITHDRAWAL CHARGES: A charge assessed on partial or full withdrawals or upon settlement (depending on the payout option chosen) during the Withdrawal Charge Period. The Withdrawal Charge equals a percentage, shown on the Contract Data pages, of the amount subject to the charge. WITHDRAWAL CHARGE PERIOD: The number of Contract Anniversaries since each Purchase Payment during which Withdrawal Charges are applied to withdrawals of amounts in the Contract. The Withdrawal Charge Period is shown on the Contract Data pages.
Examples of VARIABLE SEPARATE ACCOUNT in a sentence
The Quarterly Accounting shall separately identify payment obligations attributable to a Variable Separate Account, a Risk Control Separate Account, a Declared Rate Separate Account and the General Account.
On a quarterly basis, or more frequently as mutually agreed by the parties, the Company will compute the investment earnings credit on a VSA (the "VSA Earnings Credit"), as determined in accordance with Schedule 3.3. The VSA Earnings Credit, whether positive or negative, reflects the change in value of the Variable Separate Account Assets, net of cash flows between a VSA and the General Account, and shall be included as part of the calculation of the periodic payment as provided for in Section 5.2.
More Definitions of VARIABLE SEPARATE ACCOUNT
VARIABLE SEPARATE ACCOUNT or “VSA” means the insulated, unitized separate account(s) established and maintained by the Company pertaining to the Policies which accounts are registered as a unit investment trust under the Investment Company Act of 1940. “Variable Separate Account Assets” means the assets held in the Variable Separate Account. “Variable Separate Account Liabilities” means for the Variable Separate Account(s), all liabilities, reserves, obligations, costs and expenses relating to, based upon or arising out of the Policies, and relating to the Variable Separate Account Assets, provided, however, that the Variable Separate Account Liabilities shall not include the General Account Liabilities, Declared Rate Separate Account or the Risk Control Separate Account Liabilities. “VSA Accumulated Value” shall have the meaning set forth in Section 3.1(b) hereof. “VSA Earnings Credit” shall have the meaning set forth in Section 3.3 hereof. “VSA Payable Liability” shall have the meaning set forth in Section 3.4 hereof. “VSA Valuation Adjustment” shall have the meaning set forth in Section 3.2 hereof.
VARIABLE SEPARATE ACCOUNT. In the Accumulation Period the assets supporting obligations based on allocations to the variable investment options are held in the Variable Separate Account shown in the Schedule. This separate account consists of multiple Sub-accounts. This separate account was established by us pursuant to Connecticut law. This separate account also holds assets of other annuities issued by us with values and benefits that vary according to the investment performance of this Variable Separate Account. The amount of our obligations in relation to allocations to the Sub-accounts are based on the investment performance of such Sub-accounts. However, the obligations themselves are our general corporate obligations. The Variable Separate Account is registered with the Securities and Exchange Commission ("SEC") under the Investment Company Act of 1940 (the "1940 Act") as a unit investment trust, which is a type of investment company. This does not involve any supervision by the SEC of the investment policies, management or practices of the Variable Separate Account. Sub-accounts are permitted to invest in underlying mutual funds or portfolios that we consider suitable. We also reserve the right to change the investment policy of any or all Sub-accounts, add Sub-accounts, eliminate Sub-accounts, combine Sub-accounts, or to substitute underlying mutual funds or portfolios of underlying mutual funds, subject to any required regulatory approvals. Values and benefits based on allocations to the Sub-accounts will vary with the investment performance of the underlying mutual funds or fund portfolios, as applicable. We do not guarantee the investment results of any Sub-account, nor is there any assurance that the Account Value allocated to the Sub-accounts will equal the amounts allocated to the Sub-accounts as of any time other than the Valuation Period of such allocation. You bear the entire investment risk.
VARIABLE SEPARATE ACCOUNT. The variable separate account shown in the Schedule used in relation to Sub-accounts. we, us, our: PRUDENTIAL ANNUITIES LIFE ASSURANCE CORPORATION. you, your: The Owner shown in the Schedule. N-ASP/IND(04/02)-06 6 RBRND08 INVESTMENT OF ACCOUNT VALUE General: In the Accumulation Period we offer a range of variable and fixed options as ways to invest your Account Value. You may maintain Account Value in multiple investment options, subject to the limits set out in the Allocation Rules section of this Annuity. You may transfer Account Value between investment options, subject to the requirements set out in the Transfers section of this Annuity. Transfers may be subject to a fee.
VARIABLE SEPARATE ACCOUNT. [The Pruco Life Flexible Premium Variable Annuity Account] INTEREST RATE INVESTMENT OPTIONS: The following interest rate investment options are currently available. We may add other options in the future. DOLLAR COST AVERAGING (DCA) FIXED RATE INVESTMENT OPTION: MINIMUM GUARANTEED INTEREST RATE: [3%] INITIAL INTEREST SEGMENT INTEREST RATE: [7% for the 6-month DCA Interest Segment] FIXED RATE ACCOUNT:
VARIABLE SEPARATE ACCOUNT. [The Pruco Life of New Jersey Flexible Premium Variable Annuity Account] INTEREST RATE INVESTMENT OPTIONS: The following interest rate investment options are currently available. We may add other options in the future. DOLLAR COST AVERAGING (DCA) FIXED RATE INVESTMENT OPTION: MINIMUM GUARANTEED INTEREST RATE: 3% INITIAL INTEREST SEGMENT INTEREST RATE FOR 6 MONTH OPTION: [7%] INITIAL INTEREST SEGMENT INTEREST RATE FOR 12 MONTH OPTION: [8%] FIXED RATE ACCOUNT: MINIMUM GUARANTEED INTEREST RATE: 3% INITIAL INTEREST SEGMENT INTEREST RATE: [5%] INITIAL BASE INTEREST CREDITING RATE: [4%] INITIAL ADDITIONAL INTEREST CREDITING RATE: [1%] The Initial Interest Segment Interest Rate is the sum of the Initial Base Interest Crediting Rate and the Initial Additional Interest Crediting Rate. The Initial Additional Interest Crediting rate is credited on the portion, if any, of the Initial Purchase Payment allocated to the Fixed Rate Account. It is credited for one year from the date the initial allocation is made. It is NOT credited on subsequent Purchase Payments or transfers to the Fixed Rate Account. [THE INITIAL BASE INTEREST CREDITING RATE CREDITED WILL BE [0.15%] LESS THAN THE RATE THAT WOULD BE CREDITED IF THE CONTRACT DID NOT CONTAIN AN INITIAL ADDITIONAL INTEREST CREDITING RATE. THIS REDUCTION IN BASE INTEREST CREDITING RATE WILL REMAIN IN EFFECT THROUGHOUT THE ACCUMULATION PERIOD.] ALLOCATION GUIDELINES: Currently, you may select any Allocation Option which is available at the time the Purchase Payment or transfer is made. Allocations to the DCA Fixed Rate Investment Option may only be made from the Initial Purchase Payment and must be at least $2,000. Allocations to any other Allocation Option must be at least 1% of the Invested Purchase Payment. Allocations made pursuant to automatic rebalancing or dollar cost averaging (not part of the DCA Program) are not subject to these limitations. We reserve the right to limit the availability of the Allocation Options, if necessary, in order to comply with federal or state law. VFLEX-2003-NY 3A WITHDRAWALS:
VARIABLE SEPARATE ACCOUNT as used in this Annuity, shall mean the Variable Separate Account to which the assets were transferred. N-ASP/IND(04/02)-08 8