Sentences with phrase «subaccounts during»
Unlike fixed annuities, VAs provide an opportunity to invest contributions in mutual fund subaccounts during the intervening years.
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Upon the sixth transfer from the money market or savings subaccount to the checking subaccount during a monthly statement period, the entire balance in the money market or savings subaccount will be transferred to the checking subaccount for the remainder of the statement period.
Not exact matches
Federal regulations limit pre-authorized transfers from your money market or savings subaccount to six transfers during a monthly statement period.
During the accumulation phase of a variable annuity, money paid into the contract (called a premium) is allocated to investment portfolios (called subaccounts) where earnings have the potential to grow tax - deferred.
The ability to invest in equity - linked subaccounts with your IUL cash account offers you the chance to experience faster growth during periods when the stock market performs well, subject to policy features such as cap and participation rates.
On a sixth transfer during a calendar month, any funds in the savings subaccount will be transferred back to the checking subaccount.
During the accumulation phase, 12 free transfers between subaccounts are allowed each year without a fee.