VARIABLE SEPARATE ACCOUNT definition

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.
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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.
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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.
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Examples of VARIABLE SEPARATE ACCOUNT in a sentence

  • WHAT HAPPENS IF A VARIABLE SEPARATE ACCOUNT DIVISION IS NOT AVAILABLE When a distribution is made from an investment portfolio supporting a unit investment trust Separate Account Division in which reinvestment is not available, we will allocate the distribution to the Specially Designated Division shown in the Schedule unless you specify otherwise.

  • VARIABLE SEPARATE ACCOUNT DIVISIONS A unit investment trust Separate Account includes Divisions, each investing in a designated investment portfolio.

  • THE VARIABLE SEPARATE ACCOUNT: The Variable Separate Account is designated on the Contract Data pages.

  • VARIABLE SEPARATE ACCOUNT DIVISION - An investment option available in the Variable Separate Account shown in the Schedule.

  • WHAT HAPPENS IF A VARIABLE SEPARATE ACCOUNT DIVISION IS NOT AVAILABLE When a distribution is made from an investment portfolio supporting a unit investment trust Division of the Separate Account in which reinvestment is not available, we will allocate the distribution to the Specially Designated Division shown in each Certificate unless the Certificate Owner specifies otherwise.

  • VARIABLE SEPARATE ACCOUNT DIVISION - An investment option available in the Variable Separate Account shown on the Schedule.

  • VARIABLE SEPARATE ACCOUNT DIVISION - An investment option available in the Variable Separate Account shown in the Certificate Schedule.

  • VARIABLE SEPARATE ACCOUNT DIVISION - An investment option available in the Variable Separate Account.

  • Once a compact is signed, MCC looks to partner country govern- ments to empower a domestic accountable entity that will take the lead in implementation, and to support that entity as appropriate.

  • IN NO EVENT WILL THE MINIMUM BE LESS THAN ZERO.] VARIABLE SEPARATE ACCOUNT: [AMERICAN SKANDIA LIFE ASSURANCE CORPORATION VARIABLE ACCOUNT B - CLASS 1 SUB-ACCOUNTS] FIXED SEPARATE ACCOUNT: [AMERICAN SKANDIA LIFE ASSURANCE CORPORATION SEPARATE ACCOUNT D] OWNER: [AMERICAN SKANDIA INSURANCE TRUST] CONTRACT: [026] OFFICE: AMERICAN SKANDIA LIFE ASSURANCE CORPORATION ONE CORPORATE DRIVE P.O. BOX 883 SHELTON.


More Definitions of VARIABLE SEPARATE ACCOUNT

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.
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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
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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.
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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.
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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:
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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:
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Related to VARIABLE SEPARATE ACCOUNT

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Separate Accounts means the accounts which are to be prepared for each

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Member Account means the regular account and the variable account.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Individual retirement account means an individual retirement account under Section 408 of the Code, a Roth IRA under Section 408A of the Code, a simplified employee pension under Section 408(k) of the Code or a simple retirement account for employees under Section 408(p) of the Code.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Regular account means the account established for each active and inactive member un-

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Affiliate Account means, as to any Access Person, an Account:

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.