VALUATION OF FIXED ACCOUNT Sample Clauses

The "Valuation of Fixed Account" clause defines how the value of a fixed account within a contract or policy is determined at specific points in time. Typically, this involves outlining the methods or formulas used to calculate the account's worth, such as applying credited interest rates, deducting applicable charges, and considering any contributions or withdrawals. This clause ensures transparency and consistency in how the fixed account's value is assessed, which is crucial for both parties to understand their financial positions and for resolving any disputes related to account balances.
VALUATION OF FIXED ACCOUNT. The value of the Fixed Account of this Contract at any time prior to the Annuity Commencement Date is equal to the sum of the then current values of all Fixed Subaccount(s) with respect to this Contract before any Interest Adjustment.
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