Common use of VALUE OF THE ACCUMULATION FUND Clause in Contracts

VALUE OF THE ACCUMULATION FUND. The Fund Balance on any given day equals the Contract Payment, plus interest credited thereon at the Guaranteed Rate, less any payments made under Part 3. Interest is credited based on the methodology specified in the Schedule. Interest is earned at the Guaranteed Rate from the Deposit Date to but excluding the Maturity Date or earlier payment date.

Appears in 8 contracts

Samples: Funding Agreement (Hartford Life Insurance Co), Funding Agreement (Hartford Life Insurance Co), Funding Agreement (Hartford Life Global Funding Trust 2006-001)

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