UNDERLYING FUND Sample Clauses

UNDERLYING FUND. The variable investment options in which the corresponding Variable Portfolio(s) invest. A series of periodic income payments which vary in amount according to the investment experience of one or more Variable Portfolios, as selected by You. This Contract provides several variable annuity payment options. One or more divisions of the Separate Account which provides for the variable investment options available under this Contract. Each Variable Portfolio has its own investment objective and is invested in the Underlying Fund(s) of the trusts. A Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. The available Variable Portfolios are shown on the Application. Additional Variable Portfolios may become available in the future. The Variable Portfolios may also be referred to as a Variable Subaccount and/or Subaccount. WE, OUR, US, THE COMPANY First SunAmerica Life Insurance Company. WITHDRAWAL(S) Amount(s) withdrawn from the Contract Value including any charges and fees applicable to each such withdrawal. YOU, YOUR The Owner. PURCHASE PAYMENT PROVISIONS PURCHASE PAYMENTS Purchase Payments are flexible. This means that, subject to Company disclosed restrictions, You may change the amounts, frequency and/or timing of Purchase Payments. Purchase Payments will be allocated in accordance with instructions from You to the Variable Portfolio(s) and/or Fixed Account Option(s), if available. The minimum Purchase Payment that may be allocated to a Variable Portfolio or available Fixed Account Option under the Contract is $100. Subject to prior Company approval, the maximum of all Purchase Payments made to the Contract may not exceed $1,000,000. DOLLAR COST AVERAGING PROGRAM To facilitate a dollar cost averaging program, a source account and target account(s) must be identified. Subject to Company disclosed restrictions, a source account can be any available 1-year fixed account, available fixed accounts designed to facilitate Dollar Cost Averaging (DCA Fixed Accounts) or a Variable Portfolio. The target account must be a Variable Portfolio. Any portion of a Purchase Payment allocated to any available DCA Fixed Account Options must be transferred out to the Variable Portfolio(s) within the specified DCA Fixed Account period. Upon termination of a DCA program using the DCA Fixed Account as a source account, any amounts remaining in the DCA Fixed Account will be transferred to the target allocation(s) for the program being ter...