Common use of Value of the Fund Clause in Contracts

Value of the Fund. The value of all assets in the Fund owned by the Annuitant when the Annuitant signs the application shall be determined in accordance with the most recent statement about each fund or account given to the Annuitant. Each such statement must be dated within one year of the execution of the application by the Annuitant.

Appears in 3 contracts

Sources: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions