EXPENSE RISK definition

EXPENSE RISK. CHARGE On an annual basis this charge equals 0.35% of the average daily total net asset value of the Variable Accounts. This charge is to compensate Us for assuming the expense risks under the Certificate.
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EXPENSE RISK. CHARGE On an annual basis this charge, as shown on the Certificate Data Page, equals a percentage of the average daily total net asset value of the Variable Portfolios to which Your Purchase Payments are allocated. This charge is to compensate Us for assuming the expense risks under the Certificate.
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Examples of EXPENSE RISK in a sentence

  • MORTALITY AND EXPENSE RISK CHARGE: [1.60%] PER ANNUM OF THE DAILY CONTRACT VALUE.

  • MORTALITY AND EXPENSE RISK CHARGE: [1.35%] PER ANNUM OF THE DAILY SUB-ACCOUNTS VALUE.

  • AND EXPENSE RISK FEE ------------------------------------ A Mortality and Expense Risk Fee is taken from each Subaccount of the VA Account in the calculation of the Net Investment Factor.

  • We reserve the right to change the amount we charge for Premium Tax charges on future premium payments to conform with changes in the law or if the Owner changes state of residence.] DEDUCTIONS FROM THE DIVISIONS [MORTALITY AND EXPENSE RISK CHARGE - We deduct 0.00346% of the assets in each Variable Separate Account Division on a daily basis (equivalent to an annual rate of 1.25%) for mortality and expense risks.

  • THESE CHARGES INCLUDE A DAILY CHARGE FOR FINANCIAL ACCOUNTING, DEATH BENEFITS, MORTALITY RISK, EXPENSES AND EXPENSE RISK, PLUS THE INVESTMENT ADVISORY FEE CHARGES AND DIRECT OPERATING EXPENSE CHARGES OF THE TRUST.

  • MORTALITY AND EXPENSE RISK CHARGE: [0.90%] PER ANNUM OF THE DAILY SUB-ACCOUNTS VALUE.

  • MORTALITY AND EXPENSE RISK CHARGE - We deduct a Mortality And Expense Risk Charge equal, on an annual basis, to the amount shown on the Contract Schedule.

  • MORTALITY AND EXPENSE RISK CHARGE: 1.25% PER ANNUM OF THE AVERAGE DAILY CONTRACT VALUE.

  • MORTALITY AND EXPENSE RISK AND ADMINISTRATIVE CHARGE ON OR AFTER THE ANNUITY COMMENCEMENT DATE: 1.25% The daily charge will not exceed the percentage shown.

  • PRIOR TO THE ANNUITY COMMENCEMENT DATE, THE MAXIMUM MORTALITY AND EXPENSE RISK AND ADMINISTRATIVE CHARGE IS 1.85% AND THEREAFTER IS 1.10%.