AUL definition
Examples of AUL in a sentence
AUL shall exercise these voting rights based on instructions received from persons having the voting interest in corresponding Investment Accounts of the Variable Account.
AUL shall deduct a daily mortality risk charge and a daily expense risk charge equal to the daily equivalent of an annual combined charge of 1.25% against the average daily net assets of each Investment Account.
The value of an Accumulation Unit in the AUL American Equity, Bond, Money Market, and Managed Investment Accounts was established at $1.00 as of April 12, 1990.
The death benefit shall be paid to the beneficiary last properly designated in writing to AUL at its Home Office by the Participant, or, if there is no designated beneficiary living on the date of the Participant's death, to the Participant's estate.
However, if The Investment Company Act of l940 or any regulations thereunder should be amended, or if the present interpretation thereof should change, and as a result AUL determines that it is permitted to vote the shares of a Mutual Fund or Mutual Fund Portfolio in its own right, it may elect to do so.