Annuity Units. The annuity unit for an investment account is the basic unit used in determining payment amounts for a unit-annuity. There is a separate and distinct unit value for each combination of income change method and investment account. The values of annuity units change from time to time to reflect the investment experience of the investment accounts. The actual mortality and expense experience of the investment accounts will not reduce the amount payable per annuity unit.
Appears in 3 contracts
Samples: Single Premium One Life Immediate Annuity (Tiaa Cref Life Separate Accunt Va-1), Single Premium One Life Immediate Annuity (Tiaa Cref Life Separate Account Va-1), Single Premium Fixed Period Immediate Annuity (Tiaa Cref Life Separate Accunt Va-1)
Annuity Units. The annuity unit for an investment account is the basic unit used in determining of payment amounts for a unit-annuityannuity from an investment account. There is a separate and distinct unit value for each available combination of income change method and investment account. The values of annuity units change from time to time to reflect the investment experience of the investment accounts. The actual mortality and expense experience of the investment accounts will not reduce the amount payable per annuity unit.
Appears in 1 contract
Samples: Lifetime Variable Select Contract (Tiaa Cref Life Separate Account Va-1)
