SECTION 1 DEFINITIONS
Account(s) The Allocation Account(s) and the Fixed Holding Account.
Advisory Fee Withdrawal If you have an advisor, asset manager or broker/dealer who manages Your policy for a fee, You may elect to have that fee deducted from Your Policy Value and paid directly to Your advisor, asset manager or broker/dealer.
Allocation Account(s) The Fixed Account, if offered for new allocations, and the Index Account(s) to which You may allocate Premium or transfer Policy Value.
Allocation Date On the Allocation Date, the premiums held in the Fixed Holding Account will be allocated among the Allocation Account(s) according to Your instructions.
Annuitant The person on whose life any annuity payments involving life contingencies will be based.
Annuity Commencement Date The date an income option has been selected, all necessary paperwork is in Good Order, and the Company has issued a supplementary contract. In no event can this date be earlier than the third Policy Anniversary, or later than the Policy Anniversary on or following the day in which the Annuitant attains age 99. You may elect an Annuity Commencement Date at any time by giving the Company 30 days written notice. If You do not elect an Annuity Commencement Date prior to the last available Annuity Commencement Date, annuity payments will begin as outlined in Section 10.
Business Day Any day when the New York Stock Exchange is open for regular trading.
Cash Value The amount as defined in Section 5 that is available for withdrawal or Surrender.
Commissioner The primary insurance regulator for the state in which this policy has been issued.
Company (we, us, our) Transamerica Life Insurance Company.
Crediting Period The period of time following an allocation to the Allocation Account(s) in which the current rates associated with the allocation will not change. For the Index Account(s), the period of time is also used to determine the change in the index value and the corresponding interest to be credited.
Custodial Care Care designed primarily to help a person with the activities of daily living which does not require continuous attention of trained medical or paramedical personnel.
Decedent The deceased Annuitant or Owner.
Designated Beneficiary An individual who is the surviving Owner, if any, and any individual designated as beneficiary by the Owner.
Earnings An amount equal to the Policy Value at the time of withdrawal or Surrender, minus the sum of all Premium Payments reduced by all prior withdrawals deemed to have been from premium, if any.
Fixed Account The account, if offered for new allocations, in which some or all of Your Premium Payments may be allocated and any portion of Your Policy Value may be transferred. Interest on the Fixed Account will be credited daily and compounded annually, based on a fixed rate declared by us.
Fixed Holding Account The account in which Your Premium Payments are held until the Allocation Date. Interest on the Fixed Holding Account will be credited daily and compounded annually, based on a rate declared by us.
Good Order The receipt by the Company, at our Administrative Office, of all information, documentation, instructions and/or Premium Payment deemed necessary by the Company to issue the policy or execute any transaction pursuant to the terms of the policy.