Allocation Option definition

Allocation Option. Any account to which Purchase Payments may be allocated or Contract Value transferred under this Contract.
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Allocation Option. Any account within the Guaranteed Account and any Sub-Account of the Variable Account into which amounts may be allocated under this Contract.
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Allocation Option. Any account to which Purchase Payments may be allocated or Contract Value transferred under this Contract. Annuity Commencement Date: The date as of which the Contract Value, less applicable premium tax, is applied to an Annuity Option.
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Examples of Allocation Option in a sentence

  • During the Accumulation Phase, you can transfer all or a part of the Contract Value in an Allocation Option into another Allocation Option by providing an Authorized Request.

  • We deduct the Contract Maintenance Charge proportionately from each Allocation Option.

  • Subject to the restrictions contained in the Contract on transfers, the minimum transfer amount is $250 or your entire interest in any Allocation Option, if less.

  • However, an amount of at least 1% of the Invested Purchase Payment must be allocated to any Allocation Option.

  • We deduct money from an Index Option proportionately based on the percentage of Contract Value in each Allocation Option, unless you specify otherwise.

  • When we deduct the Product Fee, we deduct it proportionately from each Allocation Option.

  • Currently, you may select any Allocation Option which is available at the time the Purchase Payment or transfer is made.

  • The Holding Account is not an Allocation Option that you can allocate your Purchase Payment or Account Value into.

  • On the Term End Date, the Investment Amount adjusted by any Performance Rate will automatically renew into the same Shield Option, unless you elect to transfer into a different Allocation Option, or any account/option added by rider during the Transfer Period.

  • An amount of at least $5,000 must be allocated to the DCA Fixed Rate Investment Option, and at least 1% of the Invested Purchase Payment must be allocated to any other Allocation Option.

Related to Allocation Option

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Allocation Notice shall have the meaning assigned to such term in Section 11.14(i) hereof.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.2.1(b) hereof.