Net Return Factor definition

Net Return Factor means the value that reflects: (1) the investment experience of an Investment Portfolio in which a Sub-account invests; and (2) the charges assessed against that Sub-account during a Valuation Period.
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Net Return Factor means the value that reflects: (1) the investment experience of a mutual fund or investment portfolio in which a variable sub-account invests; and (2) the charges assessed against that variable sub-account during a Valuation Period. Notice to Us means notice made in a form that: (1) is approved by, or is acceptable to, us; (2) has the information and any documentation we determine in our discretion to be necessary to take the action requested or exercise the right specified; and (3) is received by us at our Customer Service Center at the address specified on the first page of this Contract. Under certain circumstances, we may permit you to provide Notice to Us by telephone or electronically. Notice to You means written notification mailed to your last known address. A different means of notification may also be used if you and we mutually agree. When action is required by you, the time frame and manner for response will be specified in the notice. Owner means the individual (or entity) that is entitled to exercise the rights incident to ownership. The terms “you” or “your”, when used in this Contract, refer to the Owner. The Owner on the Contract Date is shown on the first page of this Contract. See Section 3.2 for additional details. Premium means collectively the Initial Premium and any Additional Premium. Proof of Death means the documentation we deem necessary to establish death including, but not limited to: (1) a certified copy of a death certificate; (2) a certified copy of a statement of death from the attending physician; (3) a finding of a court of competent jurisdiction as to the cause of death; or (4) any other proof we deem in our discretion to be satisfactory to us. Ratchet means the increase to the MGWB Base by an amount equal to the difference between the MGWB Base and the Accumulation Value on the applicable Ratchet Date if the Accumulation Value is greater than the amount of the MGWB Base immediately prior to such Ratchet Date. Ratchet Date means the applicable date set forth in the Contract Schedule. Right To Examine and Return This Contract Period means the period of time during which you have the right to return the Contract for any reason, or no reason at all, and receive the payment as described in the Right to Examine and Return This Contract provision appearing on the first page of this Contract. Specially Designated Variable Sub-account means a variable sub-account that is used as a “holding” account or for administrative purposes...
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Net Return Factor. The Net Return Factor(s) is(are) used to compute all Variable Annuity Payments for any Division in the Variable Separate Account. The Net Return Factor for each Division is equal to 1.0000 plus the Net Rate of Return. The Net Rate of Return is equal to: (1) The value of the shares of the Division at the end of a Valuation Date; minus (2) The value of shares of the Division at the start of the Valuation Date; plus or minus (3) Taxes (or reserves for taxes) on the Variable Separate Account (if any); divided by (4) The value of shares of the Division at the start of the Valuation Date; minus (5) The daily Asset Based Administrative Charges and Mortality and Expense Risk Charges described in the Schedule for each day in the Valuation Period. A Net Rate of Return may be more or less than 0%. The value of a share in a Division is equal to the net assets of the Division divided by the number of shares outstanding. Neither expenses actually incurred nor mortality actually experienced will adversely affect the dollar amount of Variable Annuity Payments after such payments have commenced.
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Examples of Net Return Factor in a sentence

  • The Net Return Factor for each Fund is equal to 1.0000000 plus the Net Return Rate.

  • Net Rate of Return -The Net Return Factor for that Valuation Period minus one.

  • The MGWB Charge is described in Section 5.3. Net Return Factor means the value that reflects: (1) the investment experience of an Investment Portfolio in which a Sub-account invests; and (2) the charges assessed against that Sub-account during a Valuation Period.

  • Net Return Factor - The value which reflects the investment experience of the portfolio in which a Variable Separate Account Division invests and the charges assessed against the Division during a Valuation Period.

  • Each Fund’s Record Unit Value is computed by multiplying the Net Return Factor for the current Valuation Period by the Fund’s Record Unit Value for the previous Period.

  • Each Fund's Record Unit Value is computed by Separate Account: multiplying the Net Return Factor for the current Valuation Period by the Fund's Record Unit Value for the previous Period.

  • A Fund Record Unit Value is computed by multiplying the Net Return Factor (See 3.07) for the current Valuation Period by the Fund Record Unit Value for the previous Period.

  • RLNY-IA-1102 [SPECIMEN COPY] Choosing an Income Plan (Continued) Net Return Factor The Net Return Factor(s) is(are) used to compute all Variable Annuity Payments for any Division in the Variable Separate Account.

  • The Net Return Factor for each Division is equal to 1.0000 plus the Net Rate of Return.

Related to Net Return Factor

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • Current Return means the minimum fair combined rate of return on common equity required for

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Class Factor As to any date of determination and any Combinable Class, the then current Class Factor for the Related REMIC Class. As to any date of determination and any RCR Class, a fraction the numerator of which is the sum of the then current Class Balances of

  • NET INVESTMENT FACTOR The Net Investment Factor is an index applied to measure the investment performance of a Subaccount from one Valuation Period to the next. The Net Investment Factor for any Subaccount for any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where: