Common use of Unit Value Clause in Contracts

Unit Value. The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”). The Unit Value of any Subaccount is subject to change on any Business Day. The fluctuations in value reflect investment results and daily deductions for the mortality and expense risk charge and administrative fee. Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return. The Unit Value of a Subaccount Unit and of a Subaccount Annuity Unit are determined each Business Day. Variable Account (“Variable Investment Option”) – A Subaccount of the Separate Account or any separate account of ours which is available under the Contract in which the assets of the Company are segregated from the assets in our General Account and from the assets in our other separate accounts. Variable Account Value (“Subaccount Value”) – The aggregate amount of the Contract Value allocated to the Variable Accounts.

Appears in 12 contracts

Samples: Your Contract Carefully (Separate Account a of Pacific Life & Annuity Co), Your Contract Carefully (Separate Account a of Pacific Life & Annuity Co), Your Contract Carefully (Separate Account a of Pacific Life & Annuity Co)

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Unit Value. The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”). The Unit Value of any Subaccount is subject to change on any Business Day. The fluctuations in value reflect investment results and daily deductions for the mortality and expense risk charge and administrative fee. Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return. The Unit Value of a Subaccount Unit and of a Subaccount Annuity Unit are determined each Business Day. Variable Account (“Variable Investment Option”) A Subaccount of the Separate Account or any separate account of ours which is available under the Contract in which the assets of the Company are segregated from the assets in our General Account and from the assets in our other separate accounts. Variable Account Value (“Subaccount Value”) The aggregate amount of the Contract Value allocated to the Variable Accounts. You and Your — The person or persons named as Owner(s) in the Contract Specifications. If there are Joint Owners, you and your mean both Joint Owners.

Appears in 9 contracts

Samples: Read Your Contract (Separate Account a of Pacific Life Insurance Co), Read Your Contract (Separate Account a of Pacific Life Insurance Co), Read Your Contract (Separate Account a of Pacific Life Insurance Co)

Unit Value. The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”). The Unit Value of any Subaccount is subject to change on any Business Day. The fluctuations in value reflect investment results and daily deductions for the mortality and expense risk charge and administrative fee. Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return. The Unit Value of a Subaccount Unit and of a Subaccount Annuity Unit are determined each Business Day. Variable Account (“Variable Investment Option”) A Subaccount of the Separate Account or any separate account of ours which is available under the Contract in which the assets of the Company are segregated from the assets in our General Account and from the assets in our other separate accounts. Variable Account Value (“Subaccount Value”) The aggregate amount of all Subaccount Unit Values in all Variable Accounts. You and Your — The person or persons named as Owner(s) in the Contract Value allocated to the Variable AccountsSpecifications. If there are Joint Owners, you and your mean both Joint Owners.

Appears in 4 contracts

Samples: Read Your Contract (Separate Account a of Pacific Life & Annuity Co), Read Your Contract (Separate Account a of Pacific Life & Annuity Co), Read Your Contract (Separate Account a of Pacific Life & Annuity Co)

Unit Value. The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”)) which is determined each Business Day. The Unit Value of any Subaccount is subject to change on any Business Day. The fluctuations in value reflect investment results and daily deductions for the mortality Mortality and expense risk charge Expense Risk Charge and administrative feeAdministrative Fee. Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return. The Unit Value of a Subaccount Unit and of a Subaccount Annuity Unit are determined each Business Day. Variable Account (“Variable Investment Option”) – A Subaccount of the Separate Account or any separate account Separate Account of ours which is available under the Contract in which the assets of the Company are segregated from the assets in our General Account and from the assets in our other separate accountsSeparate Accounts. Variable Account Value (“Subaccount Value”) – The aggregate amount of the Contract Value allocated to the Variable Accounts. You and Your – The Owner(s) of this Contract.

Appears in 3 contracts

Samples: Read Your Contract (Separate Account a of Pacific Life & Annuity Co), Individual Flexible (Separate Account a of Pacific Life Insurance Co), Read Your Contract Carefully (Separate Account a of Pacific Life & Annuity Co)

Unit Value. The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”). The Unit Value of any Subaccount is subject to change on any Business Day. The fluctuations in value reflect investment results and daily deductions for the mortality and expense risk charge and administrative fee. Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return. The Unit Value of a Subaccount Unit and of a Subaccount Annuity Unit are determined each Business Day. Variable Account (“Variable Investment Option”) – A Subaccount of the Separate Account or any separate account of ours which is available under the Contract in which the assets of the Company are segregated from the assets in our General Account and from the assets in our other separate accounts. Variable Account Value (“Subaccount Value”) – The aggregate amount of the Contract Value allocated to the Variable Accounts. You and Your – The person or persons named as Owner(s) in the Contract Specifications. If there are Joint Owners, you and your mean both Joint Owners.

Appears in 2 contracts

Samples: Separate Account a of Pacific Life Insurance Co, Separate Account a of Pacific Life & Annuity Co

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Unit Value. The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”). The Unit Value of any Subaccount is subject to change on any Business Day. The fluctuations in value reflect investment results and daily deductions for the mortality and expense risk charge and administrative fee. Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return. The Unit Value of a Subaccount Unit and of a Subaccount Annuity Unit are determined each Business Day. Variable Account (“Variable Investment Option”) A Subaccount of the Separate Account or any separate account of ours which is available under the Contract in which the assets of the Company are segregated from the assets in our General Account and from the assets in our other separate accounts. Variable Account Value (“Subaccount Value”) The aggregate amount of the Contract Value allocated to the Variable Accounts.. You and Your — The person or persons named as Owner(s) in the Contract Specifications. If there are Joint Owners, you and your mean both Joint Owners. 10-2185-L

Appears in 1 contract

Samples: Your Contract Carefully (Separate Account a of Pacific Life & Annuity Co)

Unit Value. The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”)) which is determined each Business Day. The Unit Value of any Subaccount is subject to change on any Business Day. The fluctuations in value reflect investment results and daily deductions for the mortality Mortality and expense risk charge Expense Risk Charge, Administrative Fee, and administrative feePlatform Fee. Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return. The Unit Value of a Subaccount Unit and of a Subaccount Annuity Unit are determined each Business Day. Variable Account (“Variable Investment Option”) – A Subaccount of the Separate Account or any separate account Separate Account of ours which is available under the Contract in which the assets of the Company are segregated from the assets in our General Account and from the assets in our other separate accountsSeparate Accounts. Variable Account Value (“Subaccount Value”) – The aggregate amount of the Contract Value allocated to the Variable Accounts. You and Your – The Owner(s) of this Contract.

Appears in 1 contract

Samples: Individual Flexible (Separate Account a of Pacific Life & Annuity Co)

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