Number of Accumulation Units. For each Subaccount, the number of Accumulation Units is the sum of each Purchase Payment and transfer amount allocated to the Subaccount, reduced by premium taxes, if any: Divided by The Accumulation Unit value for that Subaccount for the NYSE business day in which the Purchase Payment or transfer amount is received. The number of Accumulation Units will be similarly adjusted for withdrawals, annuitizations, transfers and charges. Adjustments will be made as of the NYSE business day in which We receive all requirements for the transaction, as appropriate. ACCUMULATION UNIT VALUE (AUV) The AUV of a Subaccount for any NYSE business day is calculated by subtracting (2) from (1) and dividing the result by (3) where:
Appears in 6 contracts
Samples: Certificate of Insurance (Anchor National Life Insurance Co), Certificate of Insurance (Variable Separate Account of Anchor National Life Insur Co), Annuity Contract (Variable Separate Account of Anchor National Life Insur Co)
