Annuity Units. For each Net Premium, the number of Annuity Units in a Subaccount on the Valuation Day the Net Premium is received is determined by multiplying (a) and (b) and dividing the result by (c), where: (a) is the Net Premium allocated to the Subaccount divided by 1,000; (b) is the annual payout rate shown on the Contract Data Pages; and (c) is the Annuity Unit Value of the Subaccount on the Valuation Day the Net Premium is received. Thereafter, the number of Annuity Units remains fixed unless there is a transfer of Annuity Units.
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Sources: Modified Single Premium Variable Immediate Annuity Contract (Genworth Life & Annuity VA Separate Account 3), Modified Single Premium Variable Immediate Annuity Contract (Genworth Life & Annuity VA Separate Account 3)
Annuity Units. For each Net Premium, the number of Annuity Units in a Subaccount on the Valuation Day the Net Premium is received is determined by multiplying (a) and (b) and dividing the result by (c), where: (ad) is the Net Premium allocated to the Subaccount divided by 1,000; (be) is the annual payout rate shown on the Contract Data Pages; and (cf) is the Annuity Unit Value of the Subaccount on the Valuation Day the Net Premium is received. Thereafter, the number of Annuity Units remains fixed unless there is a transfer of Annuity Units.
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