Accumulation Phase. The period of time between the date the Contract became effective and the date you start receiving Income Phase payments under the Contract. During the Accumulation Phase, you accumulate retirement benefits.
Accumulation Phase. Section 2. Contributions and Individual Account Value
Accumulation Phase. Your Contract’s Accumulation Phase begins on the date we issue your Contract and ends on the date you apply all of your Contract Value to an Annuity Option or your Contract terminates.
Accumulation Phase. Accumulation Phase Defined The "Accumulation Phase" is the first of two phases during your Contract. The Accumulation Phase begins on the issue date stated on the Annuity Data Page. This phase will continue until the Payout Start Date unless the Contract is terminated before that date. Contract Year The one year period beginning on the issue date and on each anniversary of the issue date. Purchase Payments The initial payment is shown on the Annuity Data Page. You may make subsequent purchase payments during the Accumulation Phase. We may limit the amount of each purchase payment that we will accept to a minimum of $50 and a maximum of $1,000,000. We may limit your ability to make subsequent purchase payments in order to comply with the laws of the state where this Contract is delivered. We will invest the purchase payments in the Investment Alternatives you select. You may allocate any portion of your purchase payment in whole percents from 0% to 100% or in exact dollar amounts to any of the Investment Alternatives. The total allocation must equal 100%. GLA141 Page 5 (5/01) The allocation of the initial purchase payment is shown on the Annuity Data Page. Allocation of each subsequent purchase payment will be the same as the allocation for the most recent purchase payment unless you change the allocation. You may change the allocation of subsequent purchase payments at any time, without charge, simply by giving us written notice. Any change will be effective at the time we receive the notice. Initial Purchase Payment Allocation If the Return Privilege provision requires us to refund purchase payments, then during the Return Privilege period, we reserve the right to invest any purchase payments you allocated to the Variable Account to a Money Market Variable Sub-Account available under this Contract. We will notify you if we do so. At the end of the Return Privilege period, the amount in the Money Market Variable Sub-Account will be allocated to the Variable Account as originally designated by you. This allocation will not be considered a transfer. Investment Alternatives Investment Alternatives are the Sub-Accounts of the Variable Account, the Short Term Dollar Cost Averaging Fixed Account, the Extended Short Term Dollar Cost Averaging Fixed Account, and the Guarantee Periods of the Guaranteed Maturity Fixed Account shown on the Application. We may offer additional Sub-Accounts of the Variable Account at our discretion. We reserve the right to limit the av...
Accumulation Phase. Section 2. Contributions and Individual Account Value ------------------------------------------------------------------------------
Accumulation Phase. SECTION 2. CONTRIBUTIONS AND INDIVIDUAL ACCOUNT VALUE
Accumulation Phase. The time between an Individual Account Effective Date and the date on which the entire Individual Account value is used to purchase Annuity payments, or otherwise distributed. ING GET Fund (GET Fund) The ING GET Fund is an Investment Option which may be available during the Accumulation Phase. The GET Fund operates as a series offering. Each series is a separate Fund. ING Life Insurance and Annuity Company (ILIAC) ING Life Insurance and Annuity Company ("we," and "our," and "us," and "the Company" refer to ILIAC).
Accumulation Phase. The time between an Individual Account Effective Date and the date on which the entire Individual Account value is used to purchase Annuity payments, or otherwise distributed.
Accumulation Phase. The Accumulation Phase of this Contract is the period during which, after the initial allocation of Your Purchase Payment, the Maturity Value of Your Contract will reflect the performance of one or more specified, established index(es), subject to stated minimum and maximum rates. The Accumulation Phase has two periods:
Accumulation Phase. ACCESS ACCOUNT PERIOD The Access Account is established when: • You elect or are deemed to have elected to Transfer the value of the expiring Investment Option(s) to establish the Access Account; or • Option A under the “Death of Owner” or “Death of Annuitant” provision is elected. For the purpose of this section, Access Account Year is the period between anniversaries of the date of the establishment of the Access Account. Access Account PerformanceOn any given date, the Access Account Performance is computed as the Access Account Index value as of that date, divided by the Access Account Index value at the later of the previous date We paid a withdrawal and the anniversary of the date that You established the Access Account Period, minus one. • For the purpose of this calculation, the Access Account Index value for either date will not be less than the Access Account Index value as of the beginning of the current Access Account Year, multiplied by (1 + the Minimum Access Account Performance Rate). • For the purpose of this calculation, the Access Account Index value for either date will not be greater than the Access Account Index value as of the beginning of the current Access Account Year, multiplied by (1 + the Maximum Access Account Performance Rate). The Access Account Performance will be reflected in Your Access Account Value throughout the year. At the end of each Access Account Year, the Access Account Performance for that Access Account Year will be determined.
