Common use of THE FIXED ACCOUNT Clause in Contracts

THE FIXED ACCOUNT. The Fixed Account The Fixed Account is a segmented fund within the general account of the Company. If you choose the Fixed Account, the first date on which money is applied to the Fixed Account for the Policy is the latest of: . 45 days after Part I of the Application for the initial Face Amount is signed; . 10 days after the Company mails the separate Notice of Withdrawal Right for the initial Face Amount; and . The effective date of the choice of the Fixed Account. Before this date, the value of the portion of the net premium and any net Unscheduled Payment allocated to the Fixed Account will depend on the net investment performance of the Money Market sub-account of the Variable Account. After this date each net premium allocated to the Fixed Account and each net unscheduled payment allocated to the Fixed Account will be applied as of the date it is received by the Company at its Administrative Office. Each transfer to the Fixed Account will be applied as of the transfer date.

THE FIXED ACCOUNT. The Fixed Account The Fixed Account is a segmented fund within the general account of the Company. If you choose the Fixed Account, the first date on which money is applied to the Fixed Account for the Policy is the latest of: . 45 days after Part I 1 of the Application for the initial Face Amount is signed; . 10 days after the Company mails the separate Notice of Withdrawal Right for the initial Face AmountRight; and . The effective date of the choice of the Fixed Account. Before this date, the value of the portion of the net premium and any net Unscheduled Payment allocated to the Fixed Account will depend on the net investment performance of the Money Market sub-account of the Variable Account. After this date date: each net premium allocated to the Fixed Account will be applied as of its due date; and each net unscheduled payment Unscheduled Payment allocated to the Fixed Account will be applied as of the date it is received by the Company at its Administrative Office. Each transfer to the Fixed Account will be applied as of the transfer date.

THE FIXED ACCOUNT. The Fixed Account The Fixed Account is a segmented fund within the general account of the Company. If you choose the Fixed Account, the first date on which money is applied to the Fixed Account for the Policy is the latest of: . 45 days after Part I of the Application for the initial Face Amount is signed; . 10 days after the Company mails the separate Notice of Withdrawal Right for the initial Face AmountRight; and . The effective date of the choice of the Fixed Account. Before this date, the value of the portion of the net premium and any net Unscheduled Payment allocated to the Fixed Account will depend on the net investment performance of the Money Market sub-account of the Variable Account. After this date date: each net premium allocated to the Fixed Account will be applied as of its due date; and each net unscheduled payment Unscheduled Payment allocated to the Fixed Account will be applied as of the date it is received by the Company at its Administrative Office. Each transfer to the Fixed Account will be applied as of the transfer date.