MVA Account definition

MVA Account. A separate account which provides investment options where the Company guarantees the rate of interest for a specified Guarantee Period and where withdrawals or transfers may be subject to a Market Value Adjustment.
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MVA Account means, unmodified, a separate investment account established by us pursuant to applicable law in which you are eligible to invest under this contract.
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MVA Account. [Great American Reserve Market Value Adjustment Account for the portion of the Contract that may be subject to a Market Value Adjustment.] ELIGIBLE FUNDS, SERIES & SUB-ACCOUNTS: [The Conseco Series Trust] [Conseco - Asset Allocation Portfolio] [Conseco - Asset Allocation Sub- Account] [Conseco - Common Stock Portfolio] [Conseco - Common Stock Sub-Account] [Conseco - Corporate Bond Portfolio] [Conseco - Corporate Bond Sub- Account] [Conseco - Government Securities [Conseco - Government Securities Sub- Portfolio] Account] [Conseco - Money Market Portfolio] [Conseco - Money Market Sub-Account] [Evergreen Variable Investment Trust] [Evergreen VA Fund] [Evergreen VA Sub-Account] [Evergreen VA Foundation Fund] [Evergreen VA Foundation Sub-Account] [Evergreen VA Growth and Income Fund] [Evergreen VA Growth and Income Sub- Account] [Insurance Management Series] [International Stock Fund] [International Stock Sub-Account] [The Alger American Fund] [Alger ▇▇▇▇ican Growth Portfol▇▇] [Alger American Growth Sub-Acc▇▇▇▇] [Alger American Leveraged AllC▇▇ [Alger American Leveraged Allc▇▇ ▇▇b- Portfolio] Account] [Alger American MidCap Growth [Alger American MidCap Growth ▇▇▇- Portfolio] Account] [Alger American Small Capitali▇▇▇▇▇n [Alger American Small Capitali▇▇▇▇▇n Portfolio] Sub-Account] [INVESCO Variable Investment Funds, Inc.] [INVESCO VIF - High Yield Portfolio] [INVESCO VIF - High Yield Sub-Account] [INVESCO VIF - Industrial Income [INVESCO VIF - Industrial Income Sub- Portfolio] Account] [Lord Abbett Series Fund, Inc.] [▇▇▇▇▇▇ & Income Portfolio] [Lord Abbett - Growth & Income Sub- Account] [The OFFITBANK Variable Insurance Fund, Inc.] [OFFITBANK VIF - Investment Grade [OFFITBANK VIF - Investment Grade Global Debt Fund] Global Debt Sub-Account] [OFFITBANK VIF - Total Return Fund] [OFFITBANK VIF - Total Return Sub- Account] [Van Eck Worldwide Insurance T▇▇▇▇] [Worldwide Emerging Markets Fund] [Van Eck - Worldwide Emerging ▇▇▇▇▇▇▇ Sub-Account] [Gold and Natural Resources Fund] [Van Eck - Gold and Natural Re▇▇▇▇▇▇▇ Sub-Account] [Worldwide Hard Assets Fund] [Van Eck - Worldwide Hard Asse▇▇ ▇▇▇- Account] [Tomorrow Funds Retirement Trust] [Core Large-Cap Stock Fund] [Tomorrow Funds - Core Large-Cap Stock Sub-Account] [Core Small-Cap Stock Fund] [Tomorrow Funds - Core Small-Cap Stock Sub-Account] MVA ACCOUNT: MINIMUM GUARANTEED INTEREST RATE: [3%] CURRENT MVA ACCOUNT GUARANTEE PERIOD OPTIONS AND CREDITED INTEREST RATES: [1 Year] [XX%] [3 Years] [XX%] [5 Years] [XX%] [7 ...
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Examples of MVA Account in a sentence

  • A withdrawal from the MVA Account may be subject to a Market Value Adjustment.

  • The Certificate Owner must specify by Written Request which Sub-Account or Guarantee Period of the MVA Account or Fixed Account, as applicable, is the source of the partial withdrawal.

  • Amounts in the MVA Account will be used to provide fixed benefits.

  • CONVERSION OF ACCUMULATED VALUE IN MVA ACCOUNT On the Date of Maturity or other date elected to begin annuity payments, we will convert the Accumulated Value of the MVA Account adjusted by a Market Value Adjustment, if applicable, into annuity payments.

  • Unless specified otherwise, that portion of the Contract Withdrawal Value allocated to the Variable Account shall be used to provide a Variable Annuity and that portion of the Contract Withdrawal Value allocated to the Fixed Account and the MVA Account will be used to provide a Fixed Annuity.

  • The MVA will be calculated by multiplying the amount withdrawn, transferred or annuitized from a Fixed MVA Account Option by the following formula: {(1 + I)/(1+J+0.0025)}N/12 -1 I = The interest rate currently in effect for that Guarantee Period.

  • ALLOCATION OF PURCHASE PAYMENTS: Purchase Payments are allocated to the Fixed Account and/or to a one or more Guarantee Period of the MVA Account and/or Variable Sub-accounts of the Separate Account in accordance with the selections made by the Owner.

  • The maximum amounts which can be withdrawn from the Fixed Account and/or the MVA Account are shown on the Contract Schedule.

  • There will be no MVA on withdrawals from the Fixed MVA Account Option(s) in the following situations: (1) to pay a Death Benefit upon death of the Owner; (2) on amounts withdrawn to pay fees or charges in the Contract; (3) on amounts withdrawn, or transferred from any of the Fixed MVA Account Options within thirty (30) days after the end of the Guarantee Period; (4) on annuitizations on the Latest Annuity Date; (5) on amounts withdrawn from the DCA Fixed Account Options.

  • The maximum amounts which can be withdrawn from the Fixed Account and/or the MVA Account are shown on the Certificate Schedule.


More Definitions of MVA Account

MVA Account. An investment option where the Company guarantees the rate of interest for a specified Period and where withdrawals or transfers may be subject to a Market Value Adjustment.
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MVA Account means a non-unitized separate account supporting guarantee period values that are subject to the market value adjustment formula stated in the Contract. The MVA Account may be insulated from the General Account and may be registered with the SEC under the 1933 Act.
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Related to MVA Account

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Settlement Account means an account at a financial institution designated by Merchant as the account to be debited and credited by Bank for Transactions, fees, Chargebacks and other amounts due under the Merchant Agreement.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.