ACCUMULATION UNIT VALUES definition

ACCUMULATION UNIT VALUES. The value of an Accumulation Unit will vary in accordance with the investment experience of the underlying portfolio in which the Subaccount invests. The value of an Accumulation Unit is expected to increase or decrease from Valuation Period to Valuation Period. The value of an Accumulation Unit in each Subaccount will change daily to reflect the investment experience of the corresponding underlying portfolio as well as the daily deduction of the Certificate Charges. The number of Accumulation Units credited to this certificate will not change as a result of any fluctuations in the value of an Accumulation Unit.
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ACCUMULATION UNIT VALUES. The Accumulation Unit value for each Sub-Account on any Valuation Day is determined by multiplying the Accumulation Unit value on the prior Valuation Day by the net investment factor for the Valuation Period. The net investment factor is used to measure the investment performance of a Sub-Account from one Valuation Period to the next. A net investment factor is determined for each Sub-Account for each Valuation Period. The net investment factor may be greater or less than one, so the value of an Accumulation Unit can increase or decrease. The net investment factor for any Sub-Account for any Valuation Period is determined by dividing (1) by (2) and subtracting (3), where:
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ACCUMULATION UNIT VALUES. The value of an Accumulation Unit will vary in accordance with the investment experience of the underlying portfolio in which the Subaccount invests. The value of Accumulation Units is expected to increase or decrease from Valuation Period to Valuation Period. The value of Accumulation Units in each Subaccount will change daily to reflect the investment experience of the corresponding underlying portfolio as well as the daily deduction of the Certificate Charges. The number of Accumulation Units credited to the certificate will not change as a result of any fluctuations in the value of an Accumulation Unit. ================================================================================ GUARANTEED ACCOUNT GENERAL DESCRIPTION - The Guaranteed Account is a part of Our General Account. The amount You have in the Guaranteed Account at any time is a result of Premiums You have allocated to it or any part of Your Contract Value you have transferred to it. GUARANTEE PERIODS - The portion of Your Contract Value within the Guaranteed Account is credited with interest at rates guaranteed by Us for the Guarantee Period(s) selected. Interest is credited on a daily basis at the then applicable effective guaranteed interest rate for the applicable Guarantee Period. You may select from one or more Guarantee Periods which we offer at any particular time. We reserve the right at any time to add or delete Guarantee Periods. If You have allocated any part of Your Initial Premium to a Guarantee Period, the amount allocated, as well as the duration of the Guarantee Period is shown on the Application. The guaranteed interest rate applicable to an allocation of Premium or transfer of Contract Value to a Guarantee Period is the rate in effect for that Guarantee Period at the time of the allocation or transfer. If You have allocated or transferred amounts at different times to the Guaranteed Account, each allocation or transfer may have a unique effective guaranteed interest rate associated with that amount. We guarantee that the effective annual rate of interest for the Guaranteed Account, including any of the Guaranteed Periods, will not be less than 3%. ================================================================================ TRANSFERS During the Accumulation Period, or after the Annuity Date, provided a variable Annuity Option was selected, You may transfer all or part of Your value, in a Subaccount, or allocated to a Guarantee Period of the Guaranteed Account, to anoth...
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Examples of ACCUMULATION UNIT VALUES in a sentence

  • ACCUMULATION UNIT VALUES - The value of an Accumulation Unit will vary in accordance with the investment experience of the underlying portfolio in which the Subaccount invests.

  • ACCUMULATION UNIT VALUES for each Sub-account of the Variable Account are determined only on Valuation Dates.

  • ACCUMULATION UNITS AND ACCUMULATION UNIT VALUES Amounts which are allocated to a subaccount are used to purchase accumulation units in that subaccount.

  • DETERMINATION OF ACCUMULATION UNIT VALUES UPON TRANSFER Upon the Company's receipt of a request for any transfer, the Accumulation Unit Value of any Investment Division from which transfer is made is determined at the close of the concurrent Valuation Period or, if later, at the close of the first subsequent Valuation Period during which the underlying investment portfolio of such Investment Division accepts orders for redemption of shares relating to such transfer.

  • ACCUMULATION UNIT VALUES The value of a Sub-Account Accumulation Unit as of any Valuation Date is determined by multiplying the value of an Accumulation Unit for the preceding Valuation Date by the net investment factor for that Valuation Period.

  • ACCUMULATION UNIT VALUES - The value of an Accumulation Unit will vary in accordance with the investment experience of the underlying portfolio in which the Subaccount invests..


More Definitions of ACCUMULATION UNIT VALUES

ACCUMULATION UNIT VALUES. The value of a Sub-Account Accumulation Unit as of any Valuation Date is determined by multiplying the value of an Accumulation Unit for the preceding Valuation Date by the net investment factor for that Valuation Period. NET INVESTMENT FACTOR The net investment factor measures the investment performance of a Sub-Account from one Valuation Period to the next. This factor is equal to 1.000000 plus the result from dividing (a) by (b) and subtracting (c) and (d) where:
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Related to ACCUMULATION UNIT VALUES

  • ACCUMULATION UNIT VALUE The value of an Accumulation Unit for a Subaccount of Variable Annuity Account C. Each Subaccount of Variable Annuity Account C has its own Accumulation Unit Value, which may increase or decrease daily based on the investment performance of the applicable underlying Fund in which it invests. Beneficiary (or Beneficiaries): The person designated to receive the death benefit payable under the Contract.

  • Accumulation Unit is the unit of measure we use before the Income Date to keep track of the value of each Variable Sub-Account.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.