Common use of Fund Annuity Unit Value Clause in Contracts

Fund Annuity Unit Value. For any Valuation Date, a Fund's Annuity unit value is equal to: a) The value for the preceding Valuation Date; multiplied by b) The Annuity net return factor(s) for the Valuation Period; multiplied by c) A factor to reflect the assumed annual net return rate. The factors for the assumed annual net return are shown on the Contract Schedule.

Fund Annuity Unit Value. For any Valuation DatePeriod, a Fund's Fund(s) Annuity unit value Unit Value is equal to: a) The value Value for the preceding Valuation Dateprevious Period; multiplied by by b) The Annuity net return factor(s) (See 5.07) for the Valuation Period; multiplied by by c) A factor to reflect the assumed annual net return rate. (See Contract Schedule II). The factors for dollar value of a Fund Annuity Unit and Annuity payments may go up or down due to investment gain or loss. Payments shall not be changed due to changes in the assumed annual net return are shown on the Contract Schedulemortality or expense results or administrative charges.