the Fixed Account Contract Value. At any time after the first Contract Year and before the Annuity Payout Date, the Company reserves the right to pay to the Owner the Contract Value as a lump sum if it is below $2,000 and no Purchase Payments have been paid for three years. FIXED ACCOUNT CONTRACT VALUE On any Valuation Date, the Fixed Account Contract Value is equal to the first Purchase Payment allocated under the Contract to the Fixed Account: PLUS:
Appears in 6 contracts
Samples: Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny, Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny, Master Agreement (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny)
