PRODUCT CHARGES. [Separate Account: We assess certain daily charges equal on an annual basis to the percentages set out below of the average daily net asset value of each Subaccount of the Separate Account: Mortality and Expense Charge: 1.45% Administration Charge: 0.25% Death Benefit Rider Charge: 0.30% Additional Death Benefit Rider Charge: 0.25% Contract Level: We assess a Guaranteed Minimum Income Benefit Rider Charge of 0.35% of the Income Base.]
PRODUCT CHARGES. [SEPARATE ACCOUNT: We assess certain daily charges equal to 1/365 of the percentages set out below of the average daily net asset value of each Subaccount of the Separate Account: Asset-Based Insurance Charge: 1.85% Earnings Preservation Benefit Rider Charge: 0.25% We reserve the right to impose an increased Asset-Based Insurance Charge on sub-accounts that we add to the Contract in the future. The increase will not exceed the annual rate of 0.25% of average daily net assets in any such sub-accounts.
PRODUCT CHARGES. [SEPARATE ACCOUNT: We assess certain daily charges equal on an annual basis to the percentages set out below of the average daily net asset value of each Subaccount of the Separate Account: Mortality and Expense Charge: [1.40% for the first 9 Contract Years declining to 1.05% starting in Contract Year 10] Administration Charge: [0.25%]
Examples of PRODUCT CHARGES in a sentence
PRODUCT CHARGES We deduct Product Charges from the Separate Account and Account Value as shown on the Contract Schedule.
MEETING SPACE HIRE, GROUP SPACE HIRE, PRINTING CHARGES AND PRODUCT CHARGES 1.
More Definitions of PRODUCT CHARGES
PRODUCT CHARGES. SEPARATE ACCOUNT: We assess certain daily charges equal to 1/365 of the percentages set out below of the average daily net asset value of each Subaccount of the Separate Account:
PRODUCT CHARGES. Separate Account: We assess certain daily charges on an annual basis to the percentages set out below of the average daily net asset value of each Investment Division of the Separate Account: Separate Account Charges: [1.70%] Additional Separate Account Charge on Investment Divisions: [XYZ Funds 0.15%] We reserve the right to impose additional Separate Account Charges on Investment Divisions that we may add to the Contract at any future date. The addition for any Investment Division will not be greater than 0.25% basis points. Death Benefit Rider Charge: [0.25%] [Additional Death Benefit Rider Charge: [0.25%] [Contract Level: We assess a Guaranteed Minimum Income Benefit Rider Charge of [0.35%] of the Income Base.]
PRODUCT CHARGES. SEPARATE ACCOUNT: We assess certain daily charges equal on an annual basis to the percentages set out below of the average daily net asset value of each Subaccount of the Separate Account: Mortality and Expense Charge: 0.45% Administration Charge: 0.25% Death Benefit Rider Charge: 0.15% ACCOUNT FEE: The Account Fee is $30.00 each Contract Year. During the Accumulation Period, on the Contract Anniversary the full Account Fee is deducted from each applicable Subaccount in the ratio that the Account Value in the Subaccount bears to the total Account Value in the Separate Account. On the Annuity Calculation Date, a pro-rata portion of the Account Fee will be deducted from the Account Value as described above. However, if your Account Value on the last day of the Contract Year or on the Annuity Calculation Date is at least $50,000, then no Account Fee is deducted. If during the Accumulation Period, a total withdrawal is made, the full Account Fee will be deducted at the time of the total withdrawal. During the Annuity Period the Account Fee will be deducted regardless of the size of your Contract and it will be deducted pro-rata from each Annuity Payment.] SALES CHARGE: THE SALES CHARGE IS DEDUCTED FROM A PURCHASE PAYMENT PRIOR TO ALLOCATION TO THE SEPARATE ACCOUNT AND/OR THE FIXED ACCOUNT. THE AMOUNT OF THE SALES CHARGE AS SHOWN BELOW IS BASED ON YOUR INVESTMENT ON THE DAY WE RECEIVE YOUR PURCHASE PAYMENT. FOR THE PURPOSE OF THIS SECTION, THE TERM YOUR INVESTMENT SHALL EQUAL THE PURCHASE PAYMENT; PLUS 1) YOUR ACCOUNT VALUE, IF ANY; PLUS 2) ACCOUNT VALUE FROM OTHER RELATED ACCOUNTS, IF ANY; EACH AS OF THE DATE THE PURCHASE PAYMENT IS RECEIVED. RELATED ACCOUNTS, FOR THIS PURPOSE, SHALL MEAN ALL ANNUITY CONTRACTS CURRENTLY IN THE ACCUMULATION PHASE, ISSUED BY US, AND ANY ADDITIONAL INVESTMENT ACCOUNTS IN ACCORDANCE WITH OUR CURRENT POLICY, WHICH ARE OWNED BY YOU OR YOUR SPOUSE OR CHILD UNDER AGE 21. Sales Charge as A Percentage of YOUR INVESTMENT PURCHASE PAYMENT Less than $50,000 5.75% $50,000-99,999.99 4.50% $100,000-249,999.99 3.50% $250,000-499,999.99 2.50% $500,000-999,999.99 2.00% 1,000,000 or greater 1.00% You may also indicate in writing to us the total amount of Purchase Payments intended to be made during a 13-month period. The Sales Charge will be based on the Aggregate Purchase Payments to be made during the 13-month period if less than the Sales Charge as calculated above based on your Investment. If at the end of the 13th month, the indicated amount...
PRODUCT CHARGES. SEPARATE ACCOUNT: We assess certain daily charges equal on an annual basis to the percentages set out below of the average daily net asset value of each Subaccount of the Separate Account: Mortality and Expense Charge: 1.50% Administration Charge: 0.25% [Death Benefit Rider Charge: 0.00%] ACCOUNT FEE: The Account Fee is $30.00 each Contract Year. During the Accumulation Period, on the Contract Anniversary the full Account Fee is deducted from each applicable Subaccount in the ratio that the Account Value in the Subaccount bears to the total Account Value in the Separate Account. On the Annuity Calculation Date, a pro-rata portion of the Account Fee will be deducted from the Account Value as described above. However, if your Account Value on the last day of the Contract Year or on the Annuity Calculation Date is at least [50,000] then no Account Fee is deducted. If during the Accumulation Period, a total withdrawal is made, the full Account Fee will be deducted at the time of the total withdrawal. During the Annuity Period the Account Fee will be deducted regardless of the size of your Contract and it will be deducted pro-rata from each Annuity Payment.
PRODUCT CHARGES means the charges for the Products set out in the Call Off Agreement; “Professional Services” means the professional services set out in the Call Off Agreement;
PRODUCT CHARGES. [Separate Account: We assess certain daily charges equal to 1/365 of the percentages set out below of the average daily net asset value of each investment division of the Separate Account: Separate Account Charge: 2.10% Separate Account Charge will be reduced by 0.60% after seven years. We reserve the right to impose an increased Account Charge on Investment Divisions that we may add to the Contract at any future date. The increase will not be greater than 0.25% basis points more than the Separate Account Charge shown above. Earnings Preservation Benefit Rider Charge: 0.25% Contract Level: We assess a Guaranteed Minimum Income Benefit Rider Charge of 0.35% of the Income Base.]