Variable Account Value. The Variable Account Value is the sum of the Accumulated Value in each Variable Account. We calculate the Accumulated Value in each Variable Account as follows. Assets in each Variable Account are divided into Accumulation Units, which are measures of value for bookkeeping purposes. We credit Accumulation Units to each Variable Account as a result of each of the following: · The amount of any Account Addition received and allocated to the Variable Account; and · Transfers to the Variable Account, including transfers from the Loan Account. We debit Accumulation Units from each Variable Account as a result of each of the following: · The amount of any Account Deductions taken from the Variable Account; and · Transfers from the Variable Account, including transfers to the Loan Account. To determine the number of Accumulation Units debited or credited to a Variable Account as a result of a transaction, we divide the dollar amount of the transaction by the Unit Value of the affected Variable Account. To determine your Accumulated Value in each Variable Account, we multiply the number of Accumulation Units in the Variable Account by the Unit Value of the Variable Account. The number of Accumulation Units in each Variable Account will not change because of subsequent changes in Unit Value.
Appears in 3 contracts
Sources: Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)