Income Subaccount definition

Income Subaccount means the Income Subaccount established pursuant to Section 4 of this Proceeds Agreement for each Locality.
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Income Subaccount. Amounts credited to this subaccount are invested in the Income Portfolio. This portfolio invests primarily in fixed income securities. MONEY MARKET SUBACCOUNT -- Amounts credited to this subaccount are invested in the Money Market Portfolio. This portfolio invests primarily in money market instruments. The LBVIP Series Fund, Inc. receives investment advice for each portfolio from Lutheran Brotherhood Research Corp. As investment advisor, Lutheran Brotherhood Research Corp. charges the LBVIP Series Fund, Inc. a daily investment advisory fee equal to an annual rate of 0.4% of the aggregate average daily net assets of the LBVIP Series Fund, Inc. For a complete description of the Variable Account and the designated portfolios, please refer to the current prospectus for the LBVIP Series Fund, Inc. Contract Number: V1234567 ============================================================================ 1. DEFINITIONS ============================================================================ APPLICATION. The application(s) and all amendments and supplements. ATTAINED AGE. Attained Age on any day is the age last birthday of the Insured on the Contract Anniversary on or immediately prior to that day.
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Income Subaccount. Amounts credited to this subaccount are invested in the Income Portfolio. This portfolio invests primarily in fixed income securities. MONEY MARKET SUBACCOUNT -- Amounts credited to this subaccount are invested in the Money Market Portfolio. This portfolio invests primarily in money market instruments. The LB Series Fund, Inc. receives investment advice for each portfolio from Lutheran Brotherhood. As investment advisor, Lutheran Brotherhood charges the LB Series Fund, Inc. a daily investment advisory fee equal to an annual rate of 0.4% of the aggregate average daily net assets of LB Series Fund, Inc. For a complete description of the Variable Account and the designated portfolios, please refer to the current prospectus for LB Series Fund, Inc. FIXED ACCOUNT INFORMATION Invests in the General Account of Lutheran Brotherhood. ---------------------------------------------------------------------------- 1. DEFINITIONS ---------------------------------------------------------------------------- ANNUITANT. The person(s) named as Annuitant on page 3.
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Examples of Income Subaccount in a sentence

  • The Plan Administrator then shall apply the Credited Interest Rate for such Plan Year to such Participant's adjusted Interest Income Subaccount (as determined in subparagraph (i) hereof), and the total amount of investment earnings resulting therefrom shall be credited to such Participant's Interest Income Subaccount as of such Valuation Date.

  • For the sole purpose of tracking a Participant's investment elections and calculating investment earnings attributable to a Participant's Account for a Plan Year pursuant to the terms of this Article IV, the Plan Administrator shall establish and maintain for such Participant for such Plan Year a Stock Unit Subaccount and an Interest Income Subaccount, as necessary, the total of which shall equal such Participant's Account for such Plan Year.

  • To the extent that the amount on deposit in the Income Subaccount exceeds the sum of the Locality Rebate Requirement and Yield Reduction Payment for the Locality, such excess shall be transferred to the Principal Subaccount of the Locality.

  • The Investment Manager shall credit to the Locality's Income Subaccount all income and profits from the investment and reinvestment of moneys to the credit of its respective Principal Subaccount.

  • The Investment Manager shall credit to the Locality's Income Subaccount all income and profits from the investment and reinvestment of moneys to the credit thereof.

  • For purposes hereof, each Account of a Participant as of any Valuation Date shall be equal to the total value such Participant's Stock Unit Subaccount, Interest Income Subaccount and Mutual Fund Subaccount.

  • SUBACCOUNTS: New America Growth Subaccount International Stock Subaccount Mid-Cap Growth Subaccount Equity Income Subaccount Personal Strategy Balanced Subaccount Limited-Term Bond Subaccount Prime Reserve Subaccount METHOD FOR DEDUCTIONS: Deductions for any Premium Taxes will be allocated proportionately to the Owner's Contract Value in the Subaccounts and the Fixed Account.

  • The Investment Account (IA) of the IMF is divided in different subaccounts (the Fixed- Income Subaccount and the Endowment Subaccount).

  • The IA comprises two principal subaccounts: the Fixed- Income Subaccount and the Endowment Subaccount.

  • Such Locality may then withdraw from its Income Subaccount an amount not in excess of the amount then to the credit of its Income Subaccount if the Locality qualifies for any one of the Rebate Exceptions or if such withdrawal is necessary to qualify for one of the Spending Exceptions.


More Definitions of Income Subaccount

Income Subaccount. Amounts credited to this subaccount are invested in the Income Portfolio. This portfolio invests primarily in fixed income securities. MONEY MARKET SUBACCOUNT -- Amounts credited to this subaccount are invested in the Money Market Portfolio. This portfolio invests primarily in money market instruments. The LB Series Fund, Inc. receives investment advice for each portfolio from Lutheran Brotherhood. As investment advisor, Lutheran Brotherhood charges the LB Series Fund, Inc. a daily investment advisory fee equal to an annual rate of 0.4% of the aggregate average daily net assets of LB Series Fund, Inc. For a complete description of the Variable Account and the designated portfolios, please refer to the current prospectus for LB Series Fund, Inc. FIXED ACCOUNT INFORMATION Invests in the General Account of LBVIP. V2-VY-FPVA-4 page 4
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Related to Income Subaccount

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Subaccount means any subaccount designated and established hereunder.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Expense Account has the meaning given to such term in Section 3.01(a) hereof.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.