ANNUITY ACCOUNT VALUE. The Annuity Account Value for the Owner on any date during the Accumulation Period will be the sum of the values of the Owner’s interests in each Sub-Account. The value of the Owner’s interest in a Sub-Account will be determined by multiplying the number of the Owner’s Accumulation Units by the accumulation unit value for that Sub-Account.
ANNUITY ACCOUNT VALUE. Section 2.01 - Contributions............................8 2.02 - Separate Account Investment Divisions................................8 2.03 - Guaranteed Interest Division.............8 2.04 - Allocation to Divisions..................8 2.05 - Transfers Among Divisions................9 2.06 - Termination of this Contract.............9 2.07 - Partial Withdrawals......................9 2.08 - Charges for Partial Withdrawals..............................9 2.09 - Free Corridor Amount....................10 2.10 - Annual Administrative Charge..................................10 2.11 - Death Benefit...........................10
ANNUITY ACCOUNT VALUE. ‘‘Annuity Account Value’’ means the sum of the amounts held for you in the Investment Options.
ANNUITY ACCOUNT VALUE. The term "Annuity Account Value" means the sum of the amounts in the Guaranteed Interest Division, and the Investment Divisions of the Separate Account pursuant to Sections 2.02 and 2.03 and any loan reserve provision, described in Section 2.10.
ANNUITY ACCOUNT VALUE. If a loan is outstanding, Annuity Account Value means the sum of the amounts in the Investment Options, plus any amount in the Loan Reserve Account. The following language replaces the existing language in the Section:
ANNUITY ACCOUNT VALUE. Section 2.01 - Contributions...........................8 2.02 - Separate Account Investment Divisions...................8 2.03 - Guaranteed Interest Division...............................8 2.04 - Allocation to Divisions.................8 2.05 - Transfers Among Divisions...............8 2.06 - Termination of this Contract............9 2.07 - Partial Withdrawals.....................9 2.08 - Charges for Partial Withdrawals............................9 2.09 - Free Corridor Amount...................10 2.10 - Restrictions on Distributions..........10 2.11 - Annual Administrative Charge ..........10 2.
ANNUITY ACCOUNT VALUE. The total value of all the Owner’s interests in the Sub-Accounts in both the Investment Segment and Income Segment. The Annuity Account Value is credited with a return based upon investment experience of the Sub-Account(s) selected by the Owner and will increase and decrease accordingly. Annuity Commencement Date - The date annuity payouts begin, as shown on the Contract Data Page, which is either the Payout Election Date or the Annuitant’s 99th birthday if no Payout Election Date has been established. The Owner may change the Annuity Commencement Date if annuity payouts have not already begun. Upon death of the Owner, the Beneficiary may change the Annuity Commencement Date only if the Beneficiary is the Owner’s surviving Spouse and elects to continue the Contract. In all cases, the Annuity Commencement Date must occur prior to the Annuitant’s 99th birthday. Annuity Payout Period - The period beginning on the Annuity Commencement Date and continuing until all annuity payouts have been made under this Contract.
ANNUITY ACCOUNT VALUE. The term "
ANNUITY ACCOUNT VALUE the sum of the values of the Sub-Accounts credited to the Owner under the Annuity Account – less partial withdrawals, amounts applied to an annuity payout option, periodic withdrawals, charges deducted under the Contract, and Premium Tax, if any. Annuity Commencement Date - the date annuity payouts begin. Annuity Payout Period - the period beginning on the Annuity Commencement Date and continuing until all annuity payouts have been made under this Contract.
ANNUITY ACCOUNT VALUE. The total value of all the Owner’s interests in the Sub-Accounts in both the Investment Segment and Income Segment. The Annuity Account Value is credited with a return based upon investment experience of the Sub-Account(s) selected by the Owner and will increase and decrease accordingly. Annuity Commencement Date - The date annuity payouts begin, as shown on the Contract Data Page, which is either the Payout Election Date or the Annuitant’s 90th birthday if no Payout Election Date has been established. The Owner may change the Annuity Commencement Date if annuity payouts have not already begun. Upon death of the Owner, the Beneficiary may change the Annuity Commencement Date only if the Beneficiary is the Owner’s surviving spouse and elects to continue the Contract. In all cases, the Annuity Commencement Date must occur prior to the Annuitant’s 90th birthday. Annuity Payout Period - The period beginning on the Annuity Commencement Date and continuing until all annuity payouts have been made under this Contract. Annuity Unit - An accounting measure used to determine the dollar value of any variable annuity payout after the first annuity payout is made. J777ny 3 Automatic Bank Draft Plan - A feature that allows the Owner to make automatic periodic Contributions. Contributions will be withdrawn from an account the Owner specifies and automatically credited to the Annuity Account. Beneficiary - The person(s) designated by the Owner to receive death proceeds which may become payable upon the death of an Owner. If the surviving Spouse of an Owner is the surviving Joint Owner, the surviving Spouse will be deemed to be the Beneficiary upon such Owner’s death and may take the death benefit or elect to continue this Contract in force. The Beneficiary is shown on the Contract Data Page unless later changed by the Owner (see Change of Beneficiary provision). Business Day - Any day, and during the hours, on which both the New York Stock Exchange is open for trading. If that date falls on a non-Business Day, the following Business Day will be used, except as otherwise provided. Code - The Internal Revenue Code of 1986, as amended, and all related laws and regulations which are in effect during the term of this Contract.
