Subaccount Annuity Unit definition

Subaccount Annuity Unit. (“Annuity Units”) — Annuity Units are used to measure variation in variable annuity payments. The amount of each variable annuity payment (after the first payment) will vary with the value and number of the Annuity Units in each Subaccount. Subaccount Unit — Subaccount Units are used to measure the Variable Account Value in that Subaccount.
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Subaccount Annuity Unit. (“Annuity Units”) — Annuity Units are used to measure variation in variable annuity payments. The amount of each variable annuity payment (after the first payment) will vary with the value and number of the Annuity Units in each Subaccount. Subaccount Unit — Subaccount Units are used to measure the Variable Account Value in that Subaccount. Unit Value — The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”). The Unit Value of any Subaccount is subject to change on any Business Day. The fluctuations in value reflect investment results and daily deductions for the mortality and expense risk charge and administrative fee. Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return. The Unit Value of a Subaccount Unit and of a Subaccount Annuity Unit are determined each Business Day. Variable Account (“Variable Investment Option”) — A Subaccount of the Separate Account or any separate account of ours which is available under the Contract in which the assets of the Company are segregated from the assets in our General Account and from the assets in our other separate accounts. Variable Account Value (“Subaccount Value”) — The aggregate amount of the Contract Value allocated to the Variable Accounts. You and Your — The person or persons named as Owner(s) in the Contract Specifications. If there are Joint Owners, you and your mean both Joint Owners.
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Subaccount Annuity Unit. (“Annuity Units”) – Used to measure variation in Variable Annuity Payments. Subaccount Unit – Used to measure the Variable Account Value in that Subaccount.
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Examples of Subaccount Annuity Unit in a sentence

  • Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return.

  • The Unit Value of a Subaccount Unit and of a Subaccount Annuity Unit are determined each Business Day.

  • The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”).

  • The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”) which is determined each Business Day.

  • Each Subaccount Annuity Unit value was arbitrarily set when the Subaccount first converted Subaccount Accumulation Units into Annuity Units.

  • Subsequent values on any Valuation Date are equal to the previous Subaccount Annuity Unit value times the Net investment factor for that Subaccount for the Valuation Period ending on that Valuation Date, with an offset for the 3% assumed interest rate used in the annuity tables of this contract.

  • UNIT VALUE - The value of a Subaccount Unit ("Subaccount Unit Value") or Subaccount Annuity Unit ("Subaccount Annuity Unit Value").

  • If the payment under the annuity form selected is based on the variable Annuity Unit value of a single Subaccount, the payment is found by multiplying the Subaccount Annuity Unit value on the payment date by the number of Subaccount Annuity Units.

  • Each Subaccount Annuity Unit Value was arbitrarily set when the Subaccount first converted Subaccount Accumulation Units into Annuity Units.

  • Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return of 5%.


More Definitions of Subaccount Annuity Unit

Subaccount Annuity Unit. (“Annuity Units”) — Annuity Units are used to measure variation in variable annuity payments. The amount of each variable annuity payment (after the first payment) will vary with the value and number of the Annuity Units in each Subaccount. ICC10:10-1180 Subaccount Unit — Subaccount Units are used to measure the Variable Account Value in that Subaccount. Unit Value — The value of a Subaccount Unit (“Subaccount Unit Value”) or Subaccount Annuity Unit (“Subaccount Annuity Unit Value”). The Unit Value of any Subaccount is subject to change on any Business Day. The fluctuations in value reflect investment results and daily deductions for the mortality and expense risk charge and administrative fee. Changes in Subaccount Annuity Unit Values also reflect an additional adjustment factor that corrects for an assumed investment return. The Unit Value of a Subaccount Unit and of a Subaccount Annuity Unit are determined each Business Day. Variable Account (“Variable Investment Option”) — A Subaccount of the Separate Account or any separate account of ours which is available under the Contract in which the assets of the Company are segregated from the assets in our General Account and from the assets in our other separate accounts. Variable Account Value (“Subaccount Value”) — The aggregate amount of the Contract Value allocated to the Variable Accounts. You and Your — The person or persons named as Owner(s) in the Contract Specifications. If there are Joint Owners, you and your mean both Joint Owners. ICC10:10-1180
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