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Common use of VARIABLE SUBACCOUNT Clause in Contracts

VARIABLE SUBACCOUNT. A subdivision of the Variable Separate Account, the assets of which are invested in a corresponding Fund.

Appears in 2 contracts

Sources: Variable Annuity Contract (MEMBERS Horizon Variable Separate Account), Variable Annuity Contract (MEMBERS Horizon Variable Separate Account)

Related Clauses

  • Subaccount
  • Income Account
  • Deferral Account
  • Cash Account
  • Liquidation Account

Parent Clauses

  • Purchase Payments
  • PARTICIPANT CERTIFICATES

Sub-Clauses

  • VARIABLE SUBACCOUNT VALUE
  • NON-QUALIFIED AND UNFUNDED DEFERRED COMPENSATION PLANS
  • ALLOCATION OF PURCHASE PAYMENTS
  • CHARGE FOR PARTIAL AND TOTAL SURRENDERS
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