FIXED FUND definition
FIXED FUND. The portion of the Insurance Account Value allocated to SELIC's general account (excluding amounts in the Borrowed Fund). This amount is credited with interest that is not based on the experience of the Separate Account Divisions.
Examples of FIXED FUND in a sentence
GUARANTEED FIXED FUND GUARANTEED SUB-ACCOUNT RIDER ATTACHED TO AND FORMING PART OF THE GROUP ANNUITY CONTRACT The Accountholder, subject to the provisions of the Group Annuity Contract, may allocate all or a portion of his/her Deposits to the Guaranteed Fixed Fund, which is a Guaranteed Sub-Account.
GUARANTEED FIXED FUND GUARANTEED SUB-ACCOUNT RIDER ATTACHED TO AND FORMING PART OF THE GROUP ANNUITY CONTRACT The Participant, subject to the provisions of the Group Annuity Contract, may allocate all or a portion of his/her Deposits to the Guaranteed Fixed Fund, which is a Guaranteed Sub-Account.
TRANSFERS INVOLVING THE FIXED FUND Transfers to the Fixed Fund from the Separate Account Divisions may be made on any Valuation Day.