Common use of Valuation Day Clause in Contracts

Valuation Day. Any day, except the day after Thanksgiving Day and the day before Christmas Day, that the New York Stock Exchange is open for trading or there is sufficient trading in a Fund portfolio's securities to affect the Unit Value of the corresponding subaccount of the Variable Account.

Appears in 2 contracts

Sources: Variable Life Insurance Contract (Lb Variable Insurance Account I), Variable Life Insurance Contract (Lbvip Variable Insurance Account)

Valuation Day. Any day, except the day after Thanksgiving Day and the day before Christmas Day, that the New York Stock Exchange is open for trading or there is sufficient trading in a Fund portfolio's securities to affect the Unit Value accumulation unit value of the corresponding subaccount of the Variable Account.

Appears in 2 contracts

Sources: Flexible Premium Deferred Variable Annuity Contract (Lbvip Variable Annuity Account I), Variable Annuity Contract (L B Variable Annuity Account I)