VARIABLE ACCOUNT PROVISIONS. INVESTMENT ACCOUNT VALUE The Investment Account Value of an Investment Option is determined by multiplying (a) times (b) where: (a) equals the number of Accumulation Units credited to the Investment Option; and, (b) equals the appropriate Accumulation Unit Value. ACCUMULATION UNITS We will credit Net Payments to your Investment Options in the form of Accumulation Units. The number of Accumulation Units we will credit to each Investment Option will be determined by dividing the Net Payment allocated to that Investment Option by the Accumulation Unit Value for that Investment Option. Accumulation Units will be adjusted for any transfers and will be canceled on payment of a death benefit, withdrawal, maturity or assessment of certain charges based on their value for the Valuation Period in which such transaction occurs.
Appears in 1 contract
Sources: Annuity Agreement (John Hancock Life Insurance Co of New York Separate Account A)
VARIABLE ACCOUNT PROVISIONS. INVESTMENT ACCOUNT VALUE The Investment Account Value of an Investment Option is determined by multiplying (a) times (b) where:
(a) equals the number of Accumulation Units credited to the Investment Option; and,
(b) equals the appropriate Accumulation Unit Value. ACCUMULATION UNITS We will credit Net Payments to your Investment Options in the form of Accumulation Units. The number of Accumulation Units we will credit to each the Investment Option Option(s) will be determined by dividing the Net Payment allocated to that Investment Option by the Accumulation Unit Value for that Investment Option. Accumulation Units will be adjusted for any transfers and will be canceled on payment of a death benefit, withdrawal, maturity or assessment of certain charges based on their value for the Valuation Period in which such transaction occurs.
Appears in 1 contract
Sources: Annuity Contract (John Hancock Life Insurance Co (Usa) Separate Account H)