Typically, the average VA has roughly 60 sub-accounts
The ability to make sub-account
exchanges is a paramount benefit in the variable annuity.
CDC has advised all Sub-Account
Holders to carefully read the account statements and contact their Participant and CDC in case of any discrepancy.
More annuity providers are constructing hedged VA sub-account
portfolios around instruments such as ETFs, and then requiring investors to allocate a portion of contract funds to those hedged portfolios.
Therefore, the court finds that plaintiffs have failed to establish through the evidence before the court that [the plaintiffs'] funds could theoretically earn net interest in a sub-account
Their joint contributions were segregated into two equal subaccounts and separate contributions would be added to the particular grantor's sub-account
SaveDaily launched an HSA investment sub-account
product, which is designed to link with existing banks and other entities that provide or manage direct deposit account support for HSAs.
The IDB segregates the proceeds from EYE bonds in a separate sub-account
, disbursing funds only to education, youth or unemployment projects which fulfill specific criteria.
Investors can apply to subscribe to NCS by submitting a NCS Account Opening Form for admission as NCS eligible client of NCCPL, UIN Information System ("UIS") Account Opening Form to perform activities and to view on-line reports pertaining to NCS and CDS Account Opening Form to open and maintain CDS sub-account
with NCCPL (forms are available on the website of NCCPL).
AXA Equitable's Retirement Cornerstone variable annuity takes a two-bucket approach, with one bucket made up of a non-guaranteed equity-invested sub-account
(called the "Investment Performance Account") and the other (dubbed the "Protection with Investment Performance Account") comprised of guaranteed investments to underpin the contract's optional income and death benefit guarantees.
They and their bigwigs also misused the powers given to them under CDC sub-account
opening form in moving or pledging the shares of their clients from their respective sub-accounts
, resulting in a total loss to the clients.
Boy, I was surprised to find that the sub-account
no longer existed.