Common use of Sub-Account Clause in Contracts

Sub-Account. Separate Account assets are divided into Sub-Accounts. Each Sub-Account will invest its assets in shares of a single Eligible Fund or a single Portfolio of an Eligible Fund.

Appears in 3 contracts

Sources: Insurance Contract (Jefferson National Life of New York Annuity Account 1), Insurance Contract (Jefferson National Life Annuity Account G), Insurance Contract (Jefferson National Life Annuity Account G)

Sub-Account. Separate Account assets are divided into Sub-AccountsAccount(s), which are listed on the Contract Schedule. Each Assets of each Sub-Account will invest its assets be invested in shares of a single an Eligible Fund Investment or a single Portfolio Series of an Eligible FundInvestment.

Appears in 1 contract

Sources: Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4)