NUMBER OF VARIABLE ANNUITY UNITS Sample Clauses

NUMBER OF VARIABLE ANNUITY UNITS. The number of Annuity Units for each applicable Variable Portfolio is the amount of the first annuity payment attributable to that Variable Portfolio divided by the value of the applicable Annuity Unit for that Variable Portfolio as of the Annuity Date. The number will not change as a result of investment experience.
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NUMBER OF VARIABLE ANNUITY UNITS. The number of Annuity Units for each applicable Subaccount is the amount of the first annuity payment attributable to that Subaccount divided by the value of the applicable Annuity Unit for that Subaccount as of the Annuity Date. The number will not change as a result of investment experience.
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NUMBER OF VARIABLE ANNUITY UNITS. The number of Annuity Units credited for each Portfolio is the amount of the first annuity payment attributable to that Portfolio divided by the value of the applicable Annuity Unit for that Portfolio as of the 15th day of the month preceding the Annuity Date. The number of Annuity Units used to calculate the variable annuity payment each month remains constant unless you change Portfolio elections.
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NUMBER OF VARIABLE ANNUITY UNITS. The number of Annuity Units credited for each Sub-account is the amount of the first annuity payment attributable to that Sub-account divided by the value of the applicable Annuity Unit for that Sub-account as of the 15th day of the month preceding the Annuity Date. The number of Annuity Units used to calculate the variable annuity payment each month remains constant unless you change Sub-account elections.
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NUMBER OF VARIABLE ANNUITY UNITS. The number of Annuity Units for each applicable Subaccount is the amount of the first annuity payment attributable to that
Sample 1
NUMBER OF VARIABLE ANNUITY UNITS. The number of Annuity Units for each applicable Portfolio is the amount of the first annuity payment attributable to that Portfolio divided by the value of the applicable Annuity Unit for that Portfolio as of the Annuity Date. The number will not change as a result of investment experience. ANNUITY UNIT VALUE. The initial value of an Annuity Unit of each Portfolio was set when the Portfolios were established. The value may increase or decrease from one Valuation Period to the next. For any Valuation Period, the value of an Annuity Unit of a particular Portfolio is the value of that Annuity Unit during the last Valuation Period, multiplied by the net investment factor for that Portfolio for the current Valuation Period. THE NET INVESTMENT FACTOR for any Portfolio for any Valuation Period is determined by dividing (a) by (b) and then subtracting (c) from the result where:
Sample 1
NUMBER OF VARIABLE ANNUITY UNITS. The number of Annuity Units credited for each Sub-account is the amount of the first annuity payment attributable to that Sub-account divided by the value of the applicable Annuity Unit for that Sub-account as of the 15th day of the month preceding the Annuity Date. The number of Annuity Units used to calculate the variable annuity payment each month remains constant unless you change Sub-account elections. Value of Variable Annuity Units: The value of an Annuity Unit will usually increase or decrease from one month to the next. For each month after the first month, the value of an Annuity Unit of a particular Sub-account is: - the value of that Annuity Unit as of the 15th day of the preceding month (or the next day that the NYSE is open); - multiplied by the Net Investment Factors for that Sub-account; and - divided by the Assumed Investment Factor for the period. The Net Investment Factor is a number that represents the change in the Accumulation Unit value of a Sub-account on successive days when the NYSE is open. The Net Investment Factor for any Sub-account for any valuation day is determined by dividing the current Accumulation Unit value by the prior day's Accumulation Unit value. The Net Investment Factor will likely be different than the Assumed Investment Factor, and therefore the Annuity Unit value will usually increase or decrease. The Assumed Investment Factor for a one-day valuation period is 1.00010746. This factor neutralizes the assumed investment return of 4% in the Variable Annuity Purchase Rate Table. We guarantee that the dollar amount of each variable annuity payment made after the first payment will not be adversely affected by variations in actual mortality experience or actual expenses incurred in excess of the expense deductions provided for in the Contract. Changing Sub-account If you have selected variable annuity payments, Elections after after the Annuity Date you may request to change the Annuity Date Sub-account elections once a month. Changes will affect the number of units used to calculate annuity payments. ----------------------------------------------------------------------- DEATH BENEFIT PROVISIONS ----------------------------------------------------------------------- DEATH OF ANNUITANT If the Annuitant is not an Owner and the Prior to the Annuity Annuitant dies before the Annuity Date, Date you must designate a new Annuitant. If no designation is made within 30 days after we are notified of the Annuitant's death, yo...
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Related to NUMBER OF VARIABLE ANNUITY UNITS

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • Annuity Unit Value The initial Annuity Unit Value for each Subaccount was arbitrarily set at $10 on the Business Day the Subaccount began operations. At the end of each subsequent Business Day, the Annuity Unit Value for each Subaccount is equal to (A x B) x C, where:

  • ANNUITY UNIT A unit of measure used to determine the amount of variable payments under a variable payment plan and the value of the interest of a variable payment plan in the Separate Account.

  • Life Annuity The monthly annuity shall be payable to the annuitant for as long as the annuitant lives, and shall end with the last monthly payment before the death of the annuitant.

  • Fixed Annuity Payments The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

  • ANNUITY Payment of an income:

  • ANNUITY PAYMENT OPTIONS a. Life Annuity / Life Annuity with Certain Period -- Fixed and/or Variable Annuity Payments will be made for the lifetime of the Annuitant with no Certain Period, or life and a 10 year Certain Period, or life and a 20 year Certain Period.

  • ANNUITY OPTIONS The following Annuity Options are available under this Contract. Additional options may become available in the future:

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

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