Annuity Units. The Annuity Unit Value will vary from Valuation Date to Valuation Date with the investment experience of the underlying funds in which the Division invests. For each Division the Owner selects, the premium amount allocated to it is converted into Annuity Units by dividing the premium amount on the Valuation Date by the Annuity Unit Value for that Division. In determining Annuity Unit Values, the Company applies a Mortality and Expense Risk Charge and an Administrative Expense Charge against the daily value of the assets of each Division. The amount of these charges are shown as percentages in the Contract Data page.
Appears in 2 contracts
Sources: Immediate Variable Annuity Contract (Agl Separate Account D), Immediate Variable Annuity Contract (Usl Separate Account Usl Va-R)