GUARANTEED ACCOUNT VALUE definition

GUARANTEED ACCOUNT VALUE. The total amount in all Guaranteed Account Options being used under the Contract.
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GUARANTEED ACCOUNT VALUE. We determine Guaranteed Account Value for any Valuation Period before the Annuity Date, separately for each Guaranteed Account Option as: the initial allocation of Net Premium Payments or Credit Amounts to that Option and transfers into the Option, increased by credited interest, and decreased by any transfers out of the Option and charges deducted. For purposes of crediting interest and deducting charges, all Guaranteed Account Options use a last-in, first-out method of accounting for allocations of Net Premium Payments and Credit Amounts and for transfers of Contract Account Value.
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GUARANTEED ACCOUNT VALUE. At any time prior to the Annuity Commencement Date, the sum of: (1) Purchase Payments allocated to the Guaranteed Account; plus, (2) Variable Account Value transferred into the Guaranteed Account; plus, (3) interest credited to the Guaranteed Account; minus, (
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Examples of GUARANTEED ACCOUNT VALUE in a sentence

  • GUARANTEED ACCOUNT VALUE The sum of all net premiums and transfers allocated to the guaranteed account and interest and experience credits declared thereon, minus amounts transferred to the separate account or removed in connection with a withdrawal or loan and minus charges assessed against the guaranteed account value.

  • GUARANTEED ACCOUNT VALUE Assets other than the loan account value that are held in our general account and attributable to a certificate issued under this policy, and others of its class.

  • GUARANTEED ACCOUNT VALUE 94-18661 Rev 1-95 Minnesota Mutual 3 Assets other than the loan account value that are held in our general account and attributable to a certificate issued under this policy, and others of its class.

  • GUARANTEED ACCOUNT VALUE Assets other than the loan account value that are held in our general account and attributable to certificates issued under the group policy, and others of its class.

  • Form VA111NY 5 GUARANTEED ACCOUNT VALUE: The total amount in all Guaranteed Account Options being used under the Contract.

  • GUARANTEED ACCOUNT VALUE Assets other than the loan account value that are held in our general account and attributable to this policy, and others of its class.

  • THERE IS NO MINIMUM GUARANTEED ACCOUNT VALUE FOR AMOUNTS IN THE SUB-ACCOUNTS OF THE VARIABLE ACCOUNT.


More Definitions of GUARANTEED ACCOUNT VALUE

GUARANTEED ACCOUNT VALUE. The total amount in the Guaranteed Account.
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GUARANTEED ACCOUNT VALUE. We determine Guaranteed Account Value for any Valuation Period before the Annuity Date, separately for each Guaranteed Account Option as: the initial allocation of Net Premium Payments or Credit Amounts to that Option and transfers into the Option, increased by credited interest, and decreased by any transfers out of the Option and charges deducted. For purposes of crediting interest and deducting charges, all Guaranteed Account Options use a last-in, first-out method of accounting for allocations of Net Premium Payments and Credit Amounts and for transfers of Contract Account Value. NET PREMIUM ALLOCATION: In the application, the Owner must select how the initial Net Premium Payment is to be allocated among the Subaccounts and the Guaranteed Account Options. We allocate the initial Net Premium Payment to the Subaccounts and the Guaranteed Account Options based on the Premium allocation schedule in Your application. You may change the allocation schedule from that shown in the application by providing Notice to Us. Any additional Net Premium Payments and Credit Amounts are allocated in accordance with the allocation schedule in effect when such Net Premium Payments are received at the Service Center, unless it is accompanied by Notice directing a different allocation for that premium payment. The portion of a Net Premium Payment that may be applied to a Subaccount or a Guaranteed Account Option must be a whole percentage.
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GUARANTEED ACCOUNT VALUE. We determine Guaranteed Account Value for any Valuation Form VA112
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