ADJUSTED CONTRACT VALUE definition

ADJUSTED CONTRACT VALUE. The Contract Value as of the Annuity Date less any applicable charges for any type of tax (or component thereof) measured by or based on the amount of Purchase Payment we receive. The applicable Annuity Table is applied to this amount to determine the initial Annuity Payment.

ADJUSTED CONTRACT VALUE. The Contract Value less any applicable Premium Tax. This amount is used to determine the death benefit during the Accumulation Phase or the initial Annuity Payment.

ADJUSTED CONTRACT VALUE. The Contract Value less any applicable Premium Tax. This amount is applied to the applicable Annuity Table to determine the initial Annuity Payment. AGE: Age last birthday unless otherwise specified.

Examples of ADJUSTED CONTRACT VALUE in a sentence

• OR b) YOUR REMAINING ADJUSTED CONTRACT VALUE (YOU CAN MAKE THIS ELECTION ANY TIME).

• MINIMUM ADJUSTED CONTRACT VALUE THAT MUST BE APPLIED TO A PARTIAL ANNUITIZATION UNDER A TRADITIONAL ANNUITY OPTION: $[5,000].

• THE ADJUSTED CONTRACT VALUE WILL BE ALLOCATED TO THE INVESTMENT OPTIONS IN THE SAME PROPORTION AS THE ALLOCATIONS OF THE CONTRACT PRIOR TO THE CALCULATION DATE.

• ALL BENEFITS AND FEATURES DESCRIBED IN THE CONTRACT OR IN ANY RIDER(S)/ENDORSEMENT(S) WILL BE BASED ON THE SUCCEEDING BENEFICIARY(S) AGE ON THE CALCULATION DATE AS IF THE SUCCEEDING BENEFICIARY(S) HAD PURCHASED THE CONTRACT WITH THE ADJUSTED CONTRACT VALUE ON THE CALCULATION DATE.

• ADJUSTED CONTRACT VALUE: The Contract Value as of the Annuity Date less any applicable charges for any type of tax (or component thereof) measured by or based on the amount of Purchase Payment we receive.

More Definitions of ADJUSTED CONTRACT VALUE

ADJUSTED CONTRACT VALUE. The Contract Value less any applicable Premium Tax, and Contract Maintenance Charge and plus the applicable Market Value Adjustment which may be positive or negative. This amount is applied to the applicable Annuity Tables to determine Annuity Payments.

ADJUSTED CONTRACT VALUE. The Contract Value less any applicable Premium Tax.

ADJUSTED CONTRACT VALUE. The Contract Value, plus or minus any aggregate AG Account Market Value Adjustment.

ADJUSTED CONTRACT VALUE of an Actuarial Receivable, as of the close of business on the last day of any Collection Period, means the excess of the Contract Value of such Actuarial Receivable at the close of business on such date over the Carryover Scheduled Interest Payment on such Actuarial Receivable for such Collection Period.

ADJUSTED CONTRACT VALUE. The Contract Value as of the Annuity Date, adjusted for any Market Value Adjustment, less any applicable Premium Tax Charge [, Withdrawal Charge and Credit Election Withdrawal Charge]. The applicable Annuity Table is applied to this amount to determine the initial Annuity Payment.

ADJUSTED CONTRACT VALUE. The Contract Value as of the Annuity Date less any applicable Premium Tax Charge and less any Credit subject to recapture under the vesting schedule shown on the Contract Data pages. The applicable Annuity Table is applied to this amount to determine the initial Annuity Payment. ALLOCATION OPTIONS: Those investment options available under the Contract as of any given time to which Contract Value may be allocated. Allocation Options as of the Contract Date are shown on the Contract Data pages.

ADJUSTED CONTRACT VALUE on the "Annuity Calculation Date" is applied to the applicable Fixed and/or Variable Annuity Tables for the Annuity Option chosen to determine your first Annuity Payment. The Adjusted Contract Value is determined on the Annuity Calculation Date, which is a Business Day no more than ten days prior to the Annuity Date. The Adjusted Contract Value is the Contract Value, less any Premium and Other Taxes and less any applicable charges and fees as described in the Contract Schedule (or any Rider). The amount of the first payment for each $1,000 of Adjusted Contract Value is shown in the Annuity Tables. You may apply a portion of your Adjusted Contract Value to an Annuity Option subject to our published rules.