FIXED ACCOUNT CONTRACT VALUE. The Fixed Account Contract Value on any Valuation Date is: 1. The sum of your Purchase Payments allocated to Fixed Account A and Fixed Account B; 2. Plus any reallocations from the Variable Account; 3. Plus interest credited as specified above; 4. Minus any previous partial withdrawals, amounts applied to purchase partial annuity payouts and Annual Contract Charges applied to the Fixed Account; 5. Minus any previous reallocations to the Variable Account; 6. Minus premium tax deducted, if any.
Appears in 2 contracts
Sources: Flexible Premium Individual Deferred Retirement Annuity Contract (Separate Account One of Northern Life Insurance Co), Right to Examine and Cancel Contract (Separate Account One of Northern Life Insurance Co)