Common use of ACCUMULATION UNITS Clause in Contracts

ACCUMULATION UNITS. This Contract will be credited with the number of Accumulation Units of each subaccount of the Separate Account bought by the amount of the Purchase Payment allocated to each subaccount of the Separate Account. This Contract will also be credited with the number of Accumulation Units of each subaccount of the Separate Account bought by the amount of any Additional Purchase Payment allocated to each subaccount of the Separate Account.

Appears in 4 contracts

Samples: Variable Annuity Contract (First Investors Life Variable Annuity Fund D), Single Payment Deferred Variable Annuity (First Investors Life Variable Annuity Fund D), Single Payment Deferred Variable Annuity (First Investors Life Variable Annuity Fund D)

AutoNDA by SimpleDocs

ACCUMULATION UNITS. This Contract will be credited with the number of Accumulation Units of Separate Account A or of each subaccount of the Separate Account C bought by the amount of the Net Single Purchase Payment allocated to each subaccount of the Separate Account. This Contract will also be credited with the number of Accumulation Units of Separate Account A or of each subaccount of the Separate Account C bought by the amount of any Net Additional Purchase Payment allocated to each subaccount of the Separate Account.

Appears in 1 contract

Samples: Variable Annuity Contract (First Investors Life Variable Annuity Fund C)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!