Accumulation Unit is the unit of measure we use before the Income Date to keep track of the value of each Variable Sub-Account.
Accumulation Unit. A unit of measure used to determine the value of an Owner's interest in a Sub-Account of the Variable Account during the Accumulation Period.
Accumulation Unit. A unit of measure used to calculate the value of a Sub-Account prior to the Annuity Date.
Examples of Accumulation Unit in a sentence
With respect to a Separate Account, the transfers will be made at the Accumulation Unit Value for that Transaction Date.
The amount you have in a Variable Investment Option at any time is equal to the number of Accumulation Units you have in that Variable Investment Option multiplied by the Variable Investment Option’s Accumulation Unit Value at that time.
Contributions made to a Separate Account purchase Accumulation Units in that Account, using the Accumulation Unit Value for that Transaction Date.
We determine Accumulation Unit Values for each Separate Account for each Valuation Period.
The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract.
More Definitions of Accumulation Unit
Accumulation Unit. A unit of measure used in the calculation of the value of a Variable Sub-account prior to the Annuity Commencement Date.
Accumulation Unit. An accounting unit of measure used to calculate the Contract Value prior to the Income Date.
Accumulation Unit is a valuation device used to measure increases in and decreases to the value of any Investment Account.
Accumulation Unit means a statistical device used to measure amounts of increases to, decreases from, and accumulations in any Investment Account during the Accumulation Period.
Accumulation Unit. A unit of measure used to determine the value of the Owner’s interest in each Variable Investment Option under this contract before the Annuity Commencement Date.
Accumulation Unit means a unit which is purchased in a Separate Account, and "Accumulation Unit Value" means the dollar value of each Accumulation Unit in a Separate Account on a given date. (If Investment Funds apply as described in Section 2.02, then the terms of this Section 2.03 apply separately to each Fund, unless otherwise stated.) Amounts allocated or transferred to a Separate Account are used to purchase Accumulation Units of that Account. Units are redeemed when amounts are deducted, transferred or withdrawn. The number of Accumulation Units in a Separate Account at any time is equal to the number of Accumulation Units purchased minus the number of Units redeemed in that Account up to that time. The number of Accumulation Units purchased or redeemed in a transaction is equal to the dollar amount of the transaction divided by the Account's Accumulation Unit Value for that Transaction Date.
Accumulation Unit. An accounting unit used to calculate a Certificate Owner's interest in a Sub-account of the Variable Account during the Accumulation Period.