Number of Accumulation Units. On the Issue Date, the number of Accumulation Units in each subaccount is equal to the Initial Purchase Payment amount allocated to that subaccount, divided by that subaccount's Accumulation Unit Value. At the end of each Business Day, we adjust the number of Accumulation Units in each subaccount as follows. Additional Purchase Payments and Transfers into a subaccount will increase the number of Accumulation Units. Withdrawals (including any applicable Withdrawal Charges), Transfers out of a subaccount, and the deduction of any Contract Charges or Transfer Fees will decrease the number of Accumulation Units. The change in the number of Accumulation Units is equal to the net amount allocated to or deducted from the subaccount, divided by that subaccount's Accumulation Unit Value.
Appears in 3 contracts
Samples: Individual Flexible Purchase Payment Variable and Index Linked Deferred Annuity Contract (Allianz Life of Ny Variable Account C), Individual Flexible Purchase Payment Variable Deferred Annuity Contract (Allianz Life Variable Account B), Individual Flexible Purchase Payment Variable Deferred Annuity Contract (Allianz Life Insurance Co of North America)
Number of Accumulation Units. On the Issue Date, the number of Accumulation Units in each subaccount is equal to the Initial Purchase Payment amount allocated to that subaccount, divided by that subaccount's ’s Accumulation Unit Value. At the end of each Business Day, we adjust the number of Accumulation Units in each subaccount as follows. Additional Purchase Payments and Transfers into a subaccount will increase the number of Accumulation Units. Withdrawals (including any applicable Withdrawal Charges), Transfers out of a subaccount, and the deduction of any Contract Charges or Transfer Fees will decrease the number of Accumulation Units. The change in the number of Accumulation Units is equal to the net amount allocated to or deducted from the subaccount, divided by that subaccount's ’s Accumulation Unit Value.. L40538 7
Appears in 2 contracts
Samples: Individual Flexible Purchase Payment Variable Deferred Annuity Contract (Allianz Life Insurance Co of North America), Individual Flexible Purchase Payment Variable Deferred Annuity Contract (Allianz Life Variable Account B)
Number of Accumulation Units. On the Issue Date, the number of Accumulation Units in each subaccount is equal to the Initial Purchase Payment amount allocated to that subaccount, divided by that subaccount's ’s Accumulation Unit Value. At the end of each Business Day, we adjust the number of Accumulation Units in each subaccount as follows. Additional Purchase Payments and Transfers into a subaccount will increase the number of Accumulation Units. Withdrawals (including any applicable Withdrawal Charges), Transfers out of a subaccount, and the deduction of any Contract Charges or Transfer Fees will decrease the number of Accumulation Units. The change in the number of Accumulation Units is equal to the net amount allocated to or deducted from the subaccount, divided by that subaccount's ’s Accumulation Unit Value.. L40538-NY 7
Appears in 1 contract
Samples: Variable Indexed Annuity Contract (Allianz Life of Ny Variable Account C)
