Examples of Guaranteed Account in a sentence
However, after the Annuity Date no transfers may be made between a Subaccount and the Guaranteed Account.
Surrenders will result in the cancellation of Accumulation Units from each applicable Subaccount and the Guaranteed Account in the ratio that the value of each Subaccount bears to the total Contract Value.
In the “DEFINITIONS” section of your Contract, the definition for Contract Value is deleted and replaced by the definition below, and the Guaranteed Account definition below is added:Contract Value: The sum of the Variable Account value and the Guaranteed Account value attributable to this Contract on, or prior to the Annuity Date.Guaranteed Account: All Investment Options with interest rate guarantees.
If You have allocated or transferred amounts at different times to the Guaranteed Account, each allocation or transfer may have a unique effective guaranteed interest rate associated with that amount.
The loan amount withdrawn is then transferred to the Policy Loan Account in the Guaranteed Account and will become part of the Guaranteed Policy Account Value.