NET ASSET VALUE PER SHARE. The net assets of a Variable Fund divided by the number of shares in the Variable Fund. NET PURCHASE PAYMENT. The gross amount of a Purchase Payment less any Premium Taxes deducted at the time a Purchase Payment is made.
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Samples: Separate Account Va 1 of the American Franklin Life Ins Co, American General Life Insurance Co Separate Account D, Separate Account Va 1 of the American Franklin Life Ins Co
NET ASSET VALUE PER SHARE. The net assets of a Variable the Fund portfolio divided by the number of shares in the Variable FundFund portfolio. NET PURCHASE PAYMENT. PAYMENT The gross amount of a the Purchase Payment less any Premium Taxes deducted at applicable premium taxes. PURCHASE PAYMENT An amount paid to The Company under this contract as consideration for the time a Purchase Payment is madebenefits described herein.
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