Annuity Unit Value definition

Annuity Unit Value. The dollar value of an Annuity Unit in each Sub- Account on any Valuation Date.

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Annuity Unit Value. The "Annuity Unit Value" was fixed at $1.00 on November 1, 1968. On August 27, 1981, the date the first contribution was put into the Stock Division, the Annuity Unit Value was $1.26 and $1.52 for contracts with Assumed Base rates of 5% and 3.5% a year, respectively. The Annuity Unit Value for any subsequent Valuation Period is the Annuity Unit Value for the immediately preceding Valuation Period multiplied by the Adjusted Net Investment Factor for such subsequent Valuation Period. The Adjusted Net Investment Factor for a Valuation Period is the Net Investment Factor for such period reduced for each calendar day in such subsequent Valuation Period by the Net Investment Factor times (i) .00013366, if the Assumed Base Rate of Net Investment Return is 5%, and (ii) .00009425, if the Assumed Base Rate of Net Investment Return is 3.5%. The Assumed Base Rate of Net Investment Return shall be 5%, except in states where the rate is not permitted by law.

Annuity Unit Value. The annuity unit value of each subaccount for any business day is equal to (1) multiplied by (2) divided by (3) where:

Examples of Annuity Unit Value in a sentence

ANNUITY UNIT VALUE On any Valuation Date, the Annuity Unit Value for a Funding Option equals the Funding Option Annuity Unit Value on the preceding Valuation Date, multiplied by the net investment factor for that Funding Option for the Valuation Period just ended, divided by the Assumed Daily Net Investment Factor.
ANNUITY UNIT VALUE The value of an Annuity Unit for each Sub-Account of the Separate Account will vary to reflect the investment experience of the applicable Funds and will be determined by multiplying the value of the Annuity Unit for that Sub-Account on the preceding day by the product of (a) the net investment factor for that Sub-Account for the day for which the Annuity Unit value is being calculated, and (b) 0.999866, which is a factor that neutralizes an assumed interest rate of 5%.
VALUATION PROVISIONS (CONTINUED) ANNUITY UNIT VALUE The value of an Annuity Unit for each Sub-Account of the Separate Account will vary to reflect the investment experience of the applicable Funds.
Such amount, or portion, of the variable Annuity Payment will be divided by the appropriate annuity unit value (SEE SECTION V - ANNUITY UNIT VALUE - SEPARATE ACCOUNT) on the tenth Valuation Date before the due date of the first payment to determine the number of annuity units.
ANNUITY UNIT VALUE The initial value of an Annuity Unit for each Underlying Fund was set at $1.000000.

More Definitions of Annuity Unit Value

Annuity Unit Value. The initial Annuity Unit Value for each Subaccount was arbitrarily set at $10 on the Business Day the Subaccount began operations. At the end of each subsequent Business Day, the Annuity Unit Value for each Subaccount is equal to (A x B) x C, where:

Annuity Unit Value means a standard of measurement for determining the value of each Investment Option. On the first business day selected by us, we set all Annuity Unit Values in each Investment Option of the Separate Account at $1.000000. The Annuity Unit Value on any subsequent business day is equal to the Annuity Unit Value of the Investment Option on the immediately preceding business day multiplied by the Net Investment Factor for that Investment Option for the business period divided by 1.000000 plus the rate of interest for the number of days in the business period based on the Assumed Investment Rate.

Annuity Unit Value. The value of an Annuity Unit for each Sub-Account of the Separate Account will vary to reflect the investment experience of the applicable Eligible Funds and will be determined by multiplying the value of the Annuity Unit for that Sub-Account on the preceding day by the product of (a) the Net Investment Factor for that Sub-Account for the day for which the Annuity Unit Value is being calculated, and (b) the Annuity Unit Factor which neutralizes the Assumed Investment Return. Both the Annuity Unit Factor and the Assumed Investment Return appear on the Contract Schedule.

Annuity Unit Value. The Annuity Unit Value of each Subaccount was arbitrarily set when the Subaccount began operations. Thereafter, for a given Assumed Interest Rate, the Annuity Unit Value of each Subaccount for any Valuation Period is equal to (a) multiplied by (b) multiplied by (c), where: (a) is the net investment factor of the Subaccount for the Valuation Period; (b) is the Annuity Unit Value for the preceding Valuation Period; and (c) is an Assumed Interest Rate factor equal to [0.99991902] raised to a power equal to the number of days in the Valuation Period. The Assumed Interest Rate factor is the daily equivalent of dividing (i) one by (ii) one plus the Assumed Interest Rate shown on the Contract Data Pages.

Annuity Unit Value. The value of an Annuity Unit on a Business Day.

Annuity Unit Value. The value of an annuity unit, for each subaccount, at the end of any subsequent valuation period is determined by multiplying the result of a. times b. by c. where:

Annuity Unit Value. The Annuity Unit Value of each Subaccount was arbitrarily set when the Subaccount began operations. Thereafter, the Annuity Unit Value of each Subaccount for a Valuation Day is equal to (a) multiplied by (b) multiplied by (c), where: (a) is the net investment factor of the Subaccount for the Valuation Period ending on the Valuation Day; (b) is the Annuity Unit Value for the preceding Valuation Day; and

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