Contractholder Fixed Account Clause Samples
The Contractholder Fixed Account clause establishes a specific account within a contract where funds are allocated and accrue interest at a predetermined, fixed rate. Typically, this clause outlines how contributions are deposited into the account, the applicable interest rate, and any restrictions on withdrawals or transfers. Its core function is to provide contractholders with a stable, predictable investment option, minimizing risk and ensuring clarity regarding the growth and management of these funds.
Contractholder Fixed Account. An unallocated account that is equal to the sum of all Contributions earning a guaranteed rate of interest under Section 3.3 of this Contract plus interest credits, less all Withdrawals, Transfer Payments, fees and charges. There are no required Contributions to the Contractholder Fixed Account.
Contractholder Fixed Account. An account that is equal to the sum of all Contributions earning a guaranteed rate of interest under Section 3.2 of this Contract plus interest credits, less all Withdrawals, Transfer Payments, fees and charges. Contributions to the Contractholder Fixed Account may only be made with Our consent.
Contractholder Fixed Account. 1 1.8 Contractholder Variable Account . . . . . . . . . . . . . . . . . . .2 1.9 Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 1.10 Effective Annual Rate . . . . . . . . . . . . . . . . . . . . . . . .2 1.11 ERISA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 1.12