Common use of ACCUMULATION UNIT VALUE Clause in Contracts

ACCUMULATION UNIT VALUE. The accumulation unit value for each sub-account of the Separate Account will be valued on each Valuation Date according to the net investment experience of that sub-account. The value of an accumulation unit for each sub-account was originally set at $1.00 on the first Valuation Date. For any subsequent Valuation Date, its value is equal to its value on the preceding Valuation Date multiplied by the net investment factor for that sub-account for the valuation period ending on the subsequent Valuation Date.