Annuity Unit Values definition

Annuity Unit Values. The Annuity Unit value of each Sub-Account for any Valuation Period is equal to 1) multiplied by 2) divided by 3) where:
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Annuity Unit Values. A Sub-Account Annuity Unit Value on any Valuation Date is equal to its value on the preceding Valuation Date multiplied by the product of:
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Examples of Annuity Unit Values in a sentence

  • Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return.

  • This charge is factored into the Accumulation Unit and Annuity Unit Values on each Valuation Date.

  • To calculate the Commuted Value for variable annuity payments, We will use the AIR elected by You and the Annuity Unit Value(s) on the date We receive a fully completed request for surrender.

  • This charge is factored into the Annuity Unit Values on each Valuation Date.

  • Such a provision will be reflected in the Accumulation and Annuity Unit Values.

  • The dollar value of a Fund(s) Annuity Unit Values and payments may go up or down due to investment gain or loss.

  • Subsequent income payments will vary depending upon the changes in the Annuity Unit Values for the Sub-accounts upon which the income payments are based.

  • Variable annuity income payments are determined by the Annuity Unit Value(s) of the Sub-Account(s) you select and will increase or decrease as a result of fluctuations in the net investment factor above or below the yearly Assumed Investment Return of 5%, as described on page 10 of the Contract.

  • Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return of 5%.

  • The Average Annuity Unit Value for a calendar month is equal to the average of the Annuity Unit Values for such month.

Related to Annuity Unit Values

  • Annuity Unit An accounting unit of measure used to calculate the amount of Annuity Payments.

  • Account Value means the amount shown on Schedule A under the heading Account Value. The parties expressly acknowledge that the Account Value may be different than the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement. The Account Value on any date other than the end of a Plan Year shall be determined by adding the prorated increase attributable for the current Plan Year to the Account Value for the previous Plan Year.

  • Monthly Benefit means the monthly amount payable by Lincoln to you if you are Disabled or Partially Disabled.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.