Variable Accounts. Each Variable Account may invest its assets in a separate class of shares of a designated investment company or companies. The Variable Accounts of our Separate Account that were available for your initial allocations are shown in your application for this policy. From time to time, we may make other Variable Accounts available to you. We will provide you with written notice of all material details including investment objectives and all charges. We reserve the right, subject to compliance with the law then in effect, to: • Change or add designated investment companies • Add, remove or combine Variable Accounts • Add, delete or make substitutions for the securities that are held or purchased by the Separate Account or any Variable Account • Register or deregister any Variable Account under the Investment Company Act of 1940 • Change the classification of any Variable Account • Operate any Variable Account as a managed investment company or as a unit investment trust • Combine the assets of any Variable Account with other separate accounts or subaccounts of ours or our affiliates • Transfer the assets of any Variable Account to other separate accounts or subaccounts of ours or our affiliates • Run any Variable Account under the direction of a committee, board, or other group • Restrict or eliminate any voting rights of policy Owners with respect to any Variable Account, or other persons who have voting rights as to any Variable Account • Change the allocations permitted under the policy • Terminate and liquidate any Variable Account • Make any other change needed to comply with law If any of these changes result in a material change in the underlying investment of a Variable Account of our Separate Account, we will notify you of such change. Unless required by law or regulation, an investment policy may not be changed without our consent. We will not change the investment policy of the Separate Account without the approval of the Insurance Commissioner of our state of domicile. The process for such approval is on file.
Variable Accounts. With respect to allocations made to the Variable Accounts, we will calculate values for surrenders, withdrawals, loans and, unless transfers are restricted, transfers as of the end of the Valuation Date on or next following the day on which we receive your instructions. For any portion of death benefit depending on the Variable Accumulated Value, we will calculate such value as of the end of the Valuation Date on or next following the day on which the Insured’s death occurs. We will pay such amounts and will process such transfers within seven days after we receive all the information needed for the transaction. However, we may postpone the calculation, payment or transfer of any amounts that are based on the investment performance of the Variable Accounts, if: · the New York Stock Exchange is closed on other than customary weekend and holiday closings; · trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission (SEC); · an emergency exists, as determined by the SEC, as a result of which it is not reasonably practicable to determine the value of the Account assets or to dispose of Account securities; or · the SEC by order permits postponement for the protection of policy owners.
Variable Accounts. 8,14 Withdrawals........................................................... 10 PACIFIC MUTUAL LIFE INSURANCE COMPANY 000 Xxxxxxx Xxxxxx Xxxxx Xxxxxxx Xxxxx, XX 00000 ================================================================================
Variable Accounts. 9, 15 Withdrawal Fee.................................................................................................... 11 Withdrawals....................................................................................................... 11 [LOGO OF PACIFIC LIFE] Pacific Life Insurance Company . 000 Xxxxxxx Xxxxxx Xxxxx . Xxxxxxx Xxxxx, XX 00000 =============================================================================== LAST SURVIVOR FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICY . Benefits Vary Based on Investment Experience . Face Amount can be Decreased . Participating
Variable Accounts. 9, 14, 15 Withdrawals......................... 12
Variable Accounts. The Variable Accounts are named in the Definitions Section of this Contract. They are separate investment accounts of ML Life Insurance Company of New York. With respect to each Variable Account, income, gains, and losses, whether or not realized, from assets allocated to that Variable Account are credited to or charged against the Variable Account without regard to other income, gains, or losses of the Company. Assets allocated to the Variable Accounts remain our property but are separate from our general account and any other separate accounts we may have and may not be charged with liabilities from any other business we conduct.
Variable Accounts. All registered and unregistered separate accounts of NFS, its affiliates and subsidiaries. Trust/CustodialAccounts: All trust/custodial accounts offered by NFS, its affiliates and subsidiaries, as funding vehicles to Plans.
Variable Accounts. With respect to allocations made to the Variable Accounts, we will calculate values for surrenders, withdrawals, loans and, unless transfers are restricted, transfers as of the end of the Valuation Date on or next following the day on which we receive your instructions. For any portion of death benefit depending on the Variable Accumulated Value, we will calculate such value as of the end of the Valuation Date on or next following the day on which the Insured’s death occurs. We will pay such amounts and will process such transfers within seven days after we receive all the information needed for the transaction. However, we may postpone the calculation, payment or transfer of any amounts that are based on the investment performance of the Variable Accounts, if: · the New York Stock Exchange is closed on other than customary weekend and holiday closings; or · an emergency exists, as determined by the SEC, as a result of which it is not reasonably practicable to determine the value of the Account assets or to dispose of Account securities.
Variable Accounts. This Contract is funded by two separate accounts of the Company called ML of New York Variable Annuity Separate Account A and ML of New York Variable Annuity Separate Account B (together the "Variable Accounts"). Variable Account A has multiple subaccounts as shown in the Contract Schedule. Variable Account B has one subaccount also shown in the Contract Schedule.
Variable Accounts. This Contract is funded by two separate accounts of the Company called Xxxxxxx Xxxxx Life Variable Annuity Separate Account A and Xxxxxxx Xxxxx Life Variable Annuity Separate Account B (together the "Variable Accounts"). Variable Account A has multiple subaccounts as shown in the Contract Schedule. Variable Account B has one subaccount also shown in the Contract Schedule.
