DCA FIXED ACCOUNT Clause Samples
The DCA Fixed Account clause establishes the terms under which funds are allocated to a fixed interest account within a Dollar Cost Averaging (DCA) investment strategy. Typically, this clause outlines how contributions are deposited into the fixed account, the interest rate applied, and any restrictions on transfers or withdrawals. By specifying these details, the clause ensures predictable returns on the fixed portion of the investment and provides stability within a broader investment plan, addressing the need for both security and systematic investment allocation.
DCA FIXED ACCOUNT. An account under this Contract established by LNY to accept Purchase Payments or transfers of Contract Value, that may only be used for the Dollar Cost Averaging program. Funds in the DCA Fixed Account are invested in the general account of LNY.
DCA FIXED ACCOUNT. Net Purchase Payments under the Contract may be allocated to the DCA Fixed Account of this Contract. Interest will be credited daily on all Net Purchase Payments and transferred amounts that are allocated to the DCA Fixed Account.
DCA FIXED ACCOUNT. 8 5 Options.................................................................................................... 9
DCA FIXED ACCOUNT. Amounts to be transferred under Section 8.3a Transfers from DCA Fixed Account are allocated to the DCA Fixed Account. Amounts held in the DCA Fixed Account are invested with our General Account assets. Interest will be credited on net premiums allocated to the DCA Fixed Account from the date of allocation. Interest is compounded daily and the effective annual interest rate will never be less than the Fixed Account Guaranteed Minimum Interest Rate shown on page 3A. At our discretion, we may credit interest in excess of the guaranteed interest rate. The interest rate credited on amounts in the DCA Fixed Account may differ from the interest rate credited on amounts in the Fixed Account. Interest credited in excess of the guaranteed interest rate is nonforfeitable except as needed to pay Monthly Deductions and contract charges.