METHOD TWO. The Net Investment Factor for each Sub-Account equals: (1) the net asset value per share of the corresponding Fund at the end of the current Valuation Day; divided by (2) the net asset value per share of the corresponding Fund at the end of the prior Valuation Day. Under Method Two, the value of any applicable Fund distributions per share creates additional Accumulation Units. If you select Method Two, we deduct the Program and Administrative Charge, and any other applicable charges, each calendar quarter by redeeming Accumulation Units in proportion to the amount of the charges. We assess the charges as a percentage of the average daily assets of the Sub-Accounts during the quarter.
Appears in 4 contracts
Samples: Group Variable Funding Agreement (Talcott Resolution Life Insurance Co- Separate Account Twelve), Group Variable Funding Agreement (Hartford Life Insurance Co- Separate Account Twelve), Group Variable Funding Agreement (Hartford Life Insurance Co- Separate Account Twelve)
