ANNUITY VALUE. The amount which will be applied to an Annuity Option on the Annuity Date. It is the Contract Value on the Annuity Date reduced by any charges for premium taxes and any other charges deducted on the Annuity Date.
Appears in 3 contracts
Sources: Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account A), Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account A), Annuity Contract (Ml of New York Variable Annuity Separate Account A)