FIXED SUBACCOUNT. a particular subaccount under a Participant Account into which net Purchase Payments and accumulated value under a fixed annuity contract may be allocated. Reserves for these allocations are held in VALIC's General Account. The portion of Accumulation Value under Fixed Subaccount One which may be transferred to another subaccount may be limited. The timing of transfers from Fixed Subaccount Two to other subaccounts may be limited. Fixed Subaccounts One and Two are discussed more fully in the Article labelled "Transfers and Surrenders."
Appears in 2 contracts
Sources: Variable Annuity Agreement (Variable Annuity Life Insurance Co Separate Account A), Variable Annuity Contract (Variable Annuity Life Insurance Co Separate Account A)
FIXED SUBACCOUNT. a particular subaccount under a Participant Account the Contract into which net Purchase Payments and accumulated value under a fixed annuity contract may be allocated. Reserves for these allocations are held in VALIC's General Account. The portion of Accumulation Value under Fixed Subaccount One which may be transferred to another subaccount may be limited. The timing of transfers from Fixed Subaccount Two to other subaccounts may be limited. Fixed Subaccounts One and Two are discussed more fully in the Article labelled "Transfers and Surrenders."
Appears in 1 contract
Sources: Variable Annuity Contract (Variable Annuity Life Insurance Co Separate Account A)