Common use of Annuity Units Clause in Contracts

Annuity Units. The number of Annuity Units is found by dividing the first Annuity Payment by the Annuity Unit Value for the selected Series on the Annuity Commencement Date. The number of Annuity Units for the Series then remains constant, unless a Transfer of Annuity Units is made. After the first Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the number of Annuity Units times the Annuity Unit Value for the Series on the due date of the Annuity Payment. The Annuity Unit value for each Series was first set at $1.00. The Annuity Unit Value for any subsequent Valuation Date is equal to a) times (b) times (c), where:

Annuity Units. The number of Annuity Units is found by dividing the first Annuity Payment by the Annuity Unit Value for the selected Series Subaccount on the Annuity Commencement Start Date. The number of Annuity Units for the Series Subaccount then remains constant, unless a Transfer of Annuity Units is made. After the first Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the number of Annuity Units times the Annuity Unit Value for the Series Subaccount on the due date of the Annuity Payment. The Annuity Unit value Value for each Series Subaccount was first set at $1.00. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where: