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

• We’ll indicate in your statement that the account is no longer otfsetting interest on the Standard Variable Account by re-naming the Otfset Savings Account as “Home Loan Transaction Account – Non Otfset”.

• Sub-Accounts of the Variable Account – The Variable Account is divided into a series of Sub- Accounts.

• Variable Account – The segregated investment account into which LNL sets aside and invests the assets allocated to the Variable Subaccount(s) made available by LNL and selected by the Owner.

• LNL reserves the right to transfer assets of the Variable Account to another account, an modify the structure or operation of the Variable Account, subject to obtaining any necessary regulatory approvals.

• The Variable Account will not be charged with the liabilities arising from any other part of LNL’s business.

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 PARTIES TO THE CONTRACT Company — Protective Life Insurance Company, also referred to as “Protective Life”, “the Company”, “we”, “us” and “our”.

Variable Account. The Variable Account consists of assets set aside by us, which are kept separate from our general assets and all of our other Variable Account assets. The assets of the Variable Account, equal to reserves and other liabilities of your contract and those of other owners, will not be charged with liabilities arising out of any other business we may do. The Variable Account assets are divided into subaccounts. The assets of the subaccounts are allocated to the investment options shown on the contract data page. Investments of the Variable Account: Purchase payments applied to the Variable Account are allocated to subaccounts. We may, from time to time, add additional investment options to those options shown on the contract data page. You may be permitted to transfer contract values to the additional investment option(s). However, the right to make any transfer will be limited by any terms and conditions in effect at the time of transfer. If the shares of any of the investment options become unavailable for investment by the Variable Account, or if we deem further investment in these shares inappropriate, we may limit further purchase of such shares or substitute shares of another investment option for shares already purchased under this contract.