Common use of Fixed Accumulation Value Clause in Contracts

Fixed Accumulation Value. Upon the Company's receipt of a Purchase Payment, all or that portion, if any, of the Net Purchase Payment allocated to the Fixed Account will be credited to the Participant's Account and allocated to the Guarantee Period(s) that the Participant selects. The fixed accumulation value, if any, of a Participant's Account for any Valuation Period is equal to the sum of the values of all Guarantee Amounts credited to the Participant's Account for such Valuation Period.

Appears in 2 contracts

Samples: Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F), Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)

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Fixed Accumulation Value. Upon the Company's receipt of a Purchase Payment, all or that portion, if any, of the Net Purchase Payment allocated to the Fixed Account Account, will be credited to the Participant's Account and allocated to the Guarantee Period(s) that the Participant selects. The fixed accumulation value, if any, of a Participant's Account for any Valuation Period is equal to the sum of the values of all Guarantee Amounts credited to the Participant's Account for such Valuation Period.

Appears in 2 contracts

Samples: Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F), Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)

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Fixed Accumulation Value. Upon the Company's receipt of a Purchase Payment, all all, or that portion, if any, of the Net Purchase Payment allocated to the Fixed Account will be credited to the Participant's Account and allocated to the Guarantee Period(s) that the Participant selects. The fixed accumulation value, if any, of a Participant's Account for any Valuation Period is equal to the sum of the values of all Guarantee Amounts credited to the Participant's Account for such Valuation Period.

Appears in 1 contract

Samples: Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)

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