Variable Accounts definition

Variable Accounts. Variable Accounts, which may be available on the Contract Date, are unitized subaccounts (Subaccounts) and invest in designated portfolios (Portfolios). Each Subaccount will invest only in a single Portfolio. The investment performance of each Subaccount is linked directly to the investment experience of the underlying Portfolio which may be positive or negative.
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Variable Accounts means separate accounts supporting a class or classes of Contracts and specified in Schedule 1 as in effect at the time this Agreement is executed, or as it may be amended from time to time in accordance with Section 11.b of this Agreement.
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Variable Accounts. FUND SERIES: 3 For Your Contract Only 4 Your Contract with First Capital Life Insurance Company Premium Payments 7 Full and Partial Withdrawal Benefits During Accumulation Period 9 Annuity Payments 10 Beneficiary, Death of Owner and Proceeds 12 Payment Plans 16 General Terms FIRST CAPITAL LIFE INSURANCE COMPANY YOUR CONTRACT WITH FIRST CAPITAL LIFE INSURANCE COMPANY In this contract, the words WE, US and OUR mean First Capital Life Insurance Company. YOU and YOUR mean the contract owner. If there are joint annuitants, ANNUITANT means both joint annuitants unless otherwise indicated. This is a legal contract that you have entered into with us. We promise to provide the benefits described in this contract. In return, you have submitted a completed application, a copy of which is attached. You also have paid the first PREMIUM payment shown on Page 3. The entire agreement consists of: . the basic contract; . endorsements, if any; and . the attached copy of your application, and any amendments.
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Examples of Variable Accounts in a sentence

  • In addition, all provisions of this Agreement shall survive termination of this Agreement in the event that any Variable Accounts are invested in a Fund at the time the termination becomes effective and shall survive for so long as such Variable Accounts remain so invested.

  • In addition, Distributor agrees to furnish regulatory authorities with any information or reports in connection with the services it provides under this Agreement that may be requested in order to ascertain whether the operations of NW, Distributor or the Variable Accounts are being conducted in a manner consistent with applicable laws and regulations.

  • Each Fund shall take all such actions as are necessary to permit the sale of its shares to the Variable Accounts, including registering its shares sold to the Variable Accounts under the 1933 Act.

  • The Separate Account is divided into subaccounts, called Variable Accounts.

  • From time to time, we may make other Variable Accounts available to you.

  • Ivy Funds VIP will make shares of the Portfolios available to Company and its Variable Accounts for purchase and redemption at the applicable net asset value and with no sales charges on those days on which the Portfolios calculate their net asset value pursuant to the rules of the SEC, subject to the terms and conditions of this Agreement.

  • Company shall use this data to calculate unit values for its Variable Accounts.

  • The scope of this Agreement is limited to the purchase of Portfolio shares by the Variable Accounts on behalf of purchasers of the Contracts.

  • Company shall determine the net amount to be transmitted to the Variable Accounts as a result of redemptions of each Portfolio’s shares based on Contract Owner redemption requests and shall disburse or credit to the Variable Accounts all proceeds of redemptions of Portfolio shares.

  • Company shall determine the net amount to be transmitted to Ivy Funds VIP as a result of purchases of Portfolio shares based on Contract Owner purchase payments and transfers allocated to the Variable Accounts investing in each Portfolio.


More Definitions of Variable Accounts

Variable Accounts means, to the extent applicable to the Participant, one or more of the Company Stock Variable Account, the Growth Variable Account, the Equity Variable
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Related to Variable Accounts

  • Variable Account means the account established for a member who participates in the

  • ABLE account or "account" means an account established

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.