FIXED ACCOUNT CONTRACT VALUE. On any Valuation Date, the Fixed Account Contract Value is equal to the amount of the initial Purchase Payment allocated under the Contract to the Fixed Account, PLUS:
FIXED ACCOUNT CONTRACT VALUE. The Fixed Account Contract Value under the Contract shall be the sum of all amounts allocated or transferred to the Fixed Account Options, reduced by any applicable taxes, plus all interest credited to the Fixed Account Options, adjusted for withdrawals (including any applicable charges and adjustments for such withdrawals), transfers and charges.
FIXED ACCOUNT CONTRACT VALUE. The sum of all amounts allocated or transferred to the Fixed Account Options under the Contract, reduced by any applicable taxes, plus all interest credited to the Fixed Account Options, adjusted for withdrawals (including any applicable charges and adjustments for such withdrawals), transfers and charges.
FIXED ACCOUNT CONTRACT VALUE. The fixed account contract value at any time will be: (1) the sum of all purchase payments and any purchase payment credit allocated to the fixed account, plus interest credited; plus
FIXED ACCOUNT CONTRACT VALUE. On any Valuation Date, the Fixed Account Contract Value is equal to the amount of the initial Purchase Payment allocated under the Contract to the Fixed Account, PLUS: any other Purchase Payments allocated under the Contract to the Fixed Account; any Transfers from the Separate Account to the Fixed Account; and any Current Interest credited to the Fixed Account. LESS: any Withdrawals, including Withdrawal Charges, deducted from the Fixed Account; any Transfers from the Fixed Account to the Separate Account; any amount applied as Annuity Start Amount under Annuity Options 1 through 4, 7 or 8; any Annuity Payments under Annuity Options 5 and 6; and any Premium tax and Account Charge.
FIXED ACCOUNT CONTRACT VALUE. The Fixed Account Contract Value on any Valuation Date is:
1. The sum of your Purchase Payments allocated to Fixed Account A and Fixed Account B;
2. Plus any reallocations from the Variable Account;
3. Plus interest credited as specified above;
4. Minus any previous partial withdrawals, amounts applied to purchase partial annuity payouts and Annual Contract Charges applied to the Fixed Account;
5. Minus any previous reallocations to the Variable Account;
6. Minus premium tax deducted, if any.
FIXED ACCOUNT CONTRACT VALUE. The fixed account contract value is the value of the fixed account of this contract on any valuation date. Fixed Annuity - An annuity payment plan that does not vary as to dollar amount with investment experience. Fund - An investment company or separate series thereof, in which subaccounts of the separate account invest. Issue Date - The issue date is stated in the contract schedule. Mortality and Expense Risk Charge - This is a charge deducted in the calculation of the accumulation unit value and the annuity unit value. It is for our assumption of mortality risks and expense guarantees. Nonqualified - This contract issued other than as a qualified plan. Owner - See "You, You, Yours" below.
FIXED ACCOUNT CONTRACT VALUE. The sum of all amounts allocated and credited to the Fixed Account Options under the Contract, less any amounts canceled or withdrawn for charges, deductions, withdrawals or transfers. FIXED ACCOUNT MINIMUM VALUE. Premiums, less any applicable premium tax, and transfers allocated to the Fixed Account Option, less transfers, withdrawals, and charges from the Fixed Account Option, accumulated at 3.00%, less any Withdrawal Charge or any tax due.
FIXED ACCOUNT CONTRACT VALUE. The Fixed Account Contract Value under the Contract shall be the sum of all monies allocated to the Fixed Account Option, reduced by any applicable taxes, plus all interest credited to the Fixed Account Option, adjusted for withdrawals, transfers, and charges. VA410NY 10 -------------------------------------------------------------------------------- WITHDRAWAL PROVISIONS -------------------------------------------------------------------------------- At or before the Income Date, the Owner may withdraw all or part of the amounts under this Contract by informing the Company at the Service Center. For full withdrawal, this Contract, or a completed Lost Contract Affidavit, must be returned to the Service Center. Upon full withdrawal, the Owner will receive the Withdrawal Value. The Withdrawal Value will be based on values at the end of the Business Day in which the request for withdrawal is received at the Service Center in Good Order. IN NO EVENT SHALL THE AMOUNT WITHDRAWN, WHETHER A FULL WITHDRAWAL OR PARTIAL WITHDRAWAL, EXCEED THE WITHDRAWAL VALUE. Except in connection with a systematic withdrawal program, the minimum partial withdrawal amount is $500, or if less, the Owner's entire interest in the Investment Division or Fixed Account Option from which a withdrawal is requested. The Owner's interest in the Investment Division or Fixed Account Option from which the withdrawal is requested must be at least $100 after the withdrawal is completed if anything is left in that Investment Division or Fixed Account Option. Unless otherwise specified, the withdrawal will be made from each Investment Division and the Fixed Account Option in proportion to their current value. Withdrawals will be based on values at the end of the Business Day on which the request for withdrawal is received in Good Order at the Service Center. You may elect to take a systematic withdrawal by surrendering a specific sum or a certain percentage on a monthly, quarterly, semiannual or annual basis, subject to a $50 minimum withdrawal. VA410NY 11 -------------------------------------------------------------------------------- DEATH BENEFIT PROVISIONS -------------------------------------------------------------------------------- DEATH OF OWNER BEFORE THE INCOME DATE. Upon the Owner's death, or the death of any Joint Owner, before the Income Date, the death benefit will be paid to the Beneficiary(ies) designated by the Owner. Upon the death of a Joint Owner, the surviving Joint Owner, if an...
FIXED ACCOUNT CONTRACT VALUE. The value of amounts allocated under the contract to the Fixed Account. FIXED ANNUITY - An Annuity payment plan that does not vary as to dollar amount. FREE WITHDRAWAL ALLOWANCE - Amount of Contract Value that may be withdrawn each Contract Year without incurring a withdrawal charge as described in the Contract Schedule. FUND - An investment company or separate series thereof, in which the Subaccounts of the Separate Account invest. GENERAL ACCOUNT - Our assets other than those allocated to the Separate Account, the non-unitized Separate Account or any other Separate Account. DEFINITIONS (continued) GUARANTEE PERIOD - A period of time during which an amount is to be credited with a guaranteed interest rate, subject to a Market Value Adjustment prior to the end of the Guarantee Period. The Guarantee Periods initially offered are stated in the Contract Schedule.
