Common use of Accounts of the Variable Account Clause in Contracts

Accounts of the Variable Account. Variable Annuity Account A of American Foundation is divided into a series of Sub-Accounts. The Sub-Accounts available on the effective date of this Contract are listed on the Contract Specifications page. Each Sub-Account invests exclusively in shares of a corresponding Fund. The income, dividends, and gains, if any, distributed from the shares of a Fund will be reinvested by purchasing additional shares of that Fund at its net asset value. When permitted by law and subject to all necessary regulatory approvals, we may:

Accounts of the Variable Account. Variable Annuity Account A of American Foundation is divided into a series of Sub-Accounts. The Sub-Accounts available on the effective date of this Contract are listed on the Contract Specifications page. Each Sub-Account invests exclusively in shares of a corresponding Fund. The income, dividends, and gains, if any, distributed from the shares of a Fund will be reinvested by purchasing additional shares of that Fund at its net asset value. When permitted by law and subject to all necessary regulatory approvalslaw, we may: