HOW WE MEASURE. THE CONTRACT'S ACCUMULATION VALUE (continued) ------------------------------------------------------------------------------ - HOW WE DETERMINE THE EXPERIENCE FACTOR For Divisions of a unit investment trust Separate Account the Experience Factor reflects the Investment Experience of the portfolio in which the Division invests as well as the charges assessed against the Division for a Valuation Period. The factor is calculated as follows: (1) We take the net asset value of the portfolio in which the Division invests at the end of the current Valuation Period. (2) We add to (1) the amount of any dividend or capital gains distribution declared for the investment portfolio and reinvested in such portfolio during the current Valuation Period. We subtract from that amount a charge for our taxes, if any. (3) We divide (2) by the net asset value of the portfolio at the end of the preceding Valuation Period. (4) We subtract the daily Mortality and Expense Risk Charge for each Division shown in the Schedule for each day in the Valuation Period. (5) We subtract the daily Asset Based Administrative Charge shown in the Schedule for each day in the Valuation Period. Calculations for Divisions investing in unit investment trusts are on a per unit basis. NET RATE OF RETURN FOR A VARIABLE SEPARATE ACCOUNT DIVISION The Net Rate of Return for a Variable Separate Account Division during a Valuation Period is the Experience Factor for that Valuation Period minus one. INTEREST CREDITED TO A GUARANTEED INTEREST DIVISION Accumulation Value allocated to a Guaranteed Interest Division will be credited with the Guaranteed Interest Rate for the Guarantee Period in effect on the date the premium or reallocation is applied. Once applied, such rate will be guaranteed until the Maturity Date of that Guarantee Period. Interest will be credited daily at a rate to yield the declared annual Guaranteed Interest Rate. No Guaranteed Interest Rate will be less than the Minimum Interest Rate shown in the Schedule.
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Samples: Golden American Life Insurance Co /Ny/, Separate Account B of Golden American Life Insurance Co, Separate Account B of Golden American Life Insurance Co
HOW WE MEASURE. THE CONTRACT'S ACCUMULATION VALUE (continued) - ------------------------------------------------------------------------------ - HOW WE DETERMINE THE EXPERIENCE FACTOR How We Determine The Experience Factor For Divisions of a unit investment trust Separate Account the Experience Factor reflects the Investment Experience of the portfolio in which the Division invests as well as the charges assessed against the Division for a Valuation Period. The factor is calculated as follows: (1) We take the net asset value of the portfolio in which the Division invests at the end of the current Valuation Period. (2) We add to (1) the amount of any dividend or capital gains distribution declared for the investment portfolio and reinvested in such portfolio during the current Valuation Period. We subtract from that amount a charge for our taxes, if any. (3) We divide (2) by the net asset value of the portfolio at the end of the preceding Valuation Period. (4) We subtract the daily Mortality and Expense Risk Charge for each Division shown in the Schedule for each day in the Valuation Period. (5) We subtract the daily Asset Based Administrative Charge shown in the Schedule for each day in the Valuation Period. Calculations for Divisions investing in unit investment trusts are on a per unit basis. NET RATE OF RETURN FOR Net Rate Of Return For A VARIABLE SEPARATE ACCOUNT DIVISION Variable Separate Account Division The Net Rate of Return for a Variable Separate Account Division during a Valuation Period is the Experience Factor for that Valuation Period minus one. INTEREST CREDITED TO Interest Credited To A GUARANTEED INTEREST DIVISION Guaranteed Interest Division Accumulation Value allocated to a Guaranteed Interest Division will be credited with the Guaranteed Interest Rate for the Guarantee Period in effect on the date the premium or reallocation is applied. Once applied, such rate will be guaranteed until the Maturity Date of that Guarantee Period. Interest will be credited daily at a rate to yield the declared annual Guaranteed Interest Rate. No Guaranteed Interest Rate will be less than the Minimum Interest Rate shown in the Schedule.
Appears in 2 contracts
Samples: Golden American Life Insurance Co /Ny/, Separate Account B of Golden American Life Insurance Co
HOW WE MEASURE. THE CONTRACT'S ACCUMULATION VALUE (continued) ------------------------------------------------------------------------------ - HOW WE DETERMINE THE EXPERIENCE FACTOR For Divisions of a unit investment trust Separate Account the Experience Factor reflects the Investment Experience of the portfolio in which the Division invests as well as the charges assessed against the Division for a Valuation Period. The factor is calculated as follows: (1) We take the net asset value of the portfolio in which the Division invests at the end of the current Valuation Period. (2) We add to (1) the amount of any dividend or capital gains distribution declared for the investment portfolio and reinvested in such portfolio during the current Valuation Period. We subtract from that amount a charge for our taxes, if any. (3) We divide (2) by the net asset value of the portfolio at the end of the preceding Valuation Period. (4) We subtract the daily Mortality and Expense Risk Charge for each Division shown in the Schedule for each day in the Valuation Period. (5) We subtract the daily Asset Based Administrative Charge shown in the Schedule for each day in the Valuation Period. Calculations for Divisions investing in unit investment trusts are on a per unit basis. NET RATE OF RETURN FOR A VARIABLE SEPARATE ACCOUNT DIVISION The Net Rate of Return for a Variable Separate Account Division during a Valuation Period is the Experience Factor for that Valuation Period minus one. INTEREST CREDITED TO A GUARANTEED INTEREST DIVISION Accumulation Value allocated to a Guaranteed Interest Division will be credited with the Guaranteed Interest Rate for the Guarantee Period in effect on the date the premium or reallocation is applied. Once applied, such rate will be guaranteed until the Maturity Date of that Guarantee Period. Interest will be credited daily at a rate to yield the declared annual Guaranteed Interest Rate. No Guaranteed Interest Rate will be less than the Minimum Interest Rate shown in the Schedule.
Appears in 1 contract
