Market Value Adjustment Factor definition

Market Value Adjustment Factor. [The Market Value Adjustment Factor is equal to: N/365 [ ( 1 + A )] ____________ - 1 [ ( 1 + B )]

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Market Value Adjustment Factor is defined in Section 13.

Market Value Adjustment Factor. [The Market Value Adjustment Factor is equal to: N/365 [(1 + A)/ (1 + B)] - 1 where: A = the U.S. Treasury rate in effect at the beginning of the Guarantee Period for the length of the guarantee period selected. B = the current U.S. Treasury rate as of the transaction date plus .005. Treasury rate period is determined by N/365 rounded to the next highest year. N = the number of days remaining in the MVA Guarantee Period.] If the Treasury rate is not available for the period, the rate will be arrived at by interpolation. If no Treasury rates are available, an Index will be selected by the Company and approved by the State Insurance Commissioner. [MVA Waiver: For withdrawals from MVA Account Guarantee Period Option, after the first year in such Guarantee Period option, the Owner can make one withdrawal each Contract Year of up to a total of 10% of each such Guarantee Period option of the MVA Account without the Market Value Adjustment.] FIXED ACCOUNT: Minimum Guarantee Interest Rate: 3% Current Interest Rate as of Issue Date: [X%] RIDERS: [IRA ENDORSEMENT] ADMINISTRATIVE OFFICE: [Great American Reserve Insurance Company Great American Reserve Insurance Company Administrative Office Administrative Office P.O. Box 1927..... OR 11815 N. Pennsylvania ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇. ▇▇ ▇▇▇▇▇] (▇▇▇) ▇24-2726 (317) ▇▇▇-▇▇▇▇ DEFINITIONS ACCOUNT(S): The Fixed Account, the MVA Account and the General Account and/or one or more of the Sub-Accounts of the Variable Account.

Examples of Market Value Adjustment Factor in a sentence

The market value of the Withdrawal is equal to the amount withdrawn multiplied by the Market Value Adjustment Factor.
The market value of the Withdrawal is equal to the amount withdrawn multiplied by the Market Value Adjustment Factor as specified on the Contract Specifications Page(s).
Exchanges initiated by a Third Party Asset Manager due to a change in the percentage allocation of a Participant’s balance will be done at Book Value provided that such transactions do not exceed the Book Value Limit For Third Party Asset Manager Exchanges specified on the Contract Specifications Page(s), Any exchanges in excess of this amount will require the mutual consent of the Contract Owner and Nationwide, and may require that the amount withdrawn be adjusted by a Market Value Adjustment Factor.
In addition, the Market Value Adjustment Factor used to determine the transfer payment under this Section will be the greater of the amount specified on the Contract Specifications Page(s) and 1.
Such amounts may be adjusted upward or downward by the application of a Market Value Adjustment Factor.
The Market Value Adjustment is computed by multiplying the amount being surrendered, withdrawn, transferred, or applied to an Annuity Payment Option, by the Market Value Adjustment Factor.
However, requests for amounts in excess of the Free Withdrawal Amount are subject to a Withdrawal Charge, a Market Value Adjustment and will be determined using the following calculation: F + [(G -F) x Z] – [(G-F) x W], where: F = the Free Withdrawal Amount; G = the Gross Withdrawal Amount; Z = the Market Value Adjustment Factor, as shown on the Specifications Page; W = the Withdrawal Charge Percentage.
The Market Value Adjustment for an Indexed Account is computed by multiplying the amount being surrendered, withdrawn, transferred, or applied to an Annuity Payment Option, by the applicable Market Value Adjustment Factor.
The Company will pay to the Contractholder within 30 days after the Contribution Cessation Date the sum of the Guaranteed Certificate Fund account balances according to a Market Value Adjustment Factor formula determined by the Company.
The formula used to determine the MVA is: MVA = (Amount Requested) X (MVAF) The Market Value Adjustment Factor (MVAF) is: | 1+i | N/12 | _______________ | -1 | 1+j | where: i is the U.S. Treasury Strip ask side yield as published in The Wall Street Journal on the last business day of the week prior to the date the stated rate of interest was established for the Guarantee Period.

More Definitions of Market Value Adjustment Factor

Market Value Adjustment Factor means the ratio, at any point of time, of the values de- tailed in Section 4(d)viii) below. This valuation will be according to the IRDA (Assets, Liabilities and Solvency Margin of Life Insurance Business) Regulation, 2016, as applicable and as amended from time to time.

Market Value Adjustment Factor means the ratio, at any point of time, of the values detailed in Section 4(d)viii) below. This valuation will be according to the IRDAI(Actuarial, Finance and

Market Value Adjustment Factor means the ratio, at any point of time, of the values detailed in Section 4(d)viii) below. This valuation will be according to the IRDAI(Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024, as applicable and as amended from time to time.

Market Value Adjustment Factor means the ratio, at any point of time, of the values detailed in Section 7 below. This valuation will be according to the part 28 of IRDAI/ACTL/ MSTCIR/MISC/89/6/2024 Master Circular on Life Insurance Products, 2024 as applicable.