SUBACCOUNT VALUE definition

SUBACCOUNT VALUE. The amount equal to that part of any purchase payment allocated or transferred to the subaccount adjusted by interest income, dividends, net capital gains or losses, realized or unrealized, and decreased by withdrawals (including any applicable withdrawal and tax charges) and any amounts transferred out of that subaccount. The Company, We, Us, Our: Valley Forge Life Insurance Company Variable Account: Valley Forge Life Insurance Company Variable Annuity Separate Account Variable Contract Value: The sum of all subaccount values.

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SUBACCOUNT VALUE. For this Contract, the amount equal to that part of any Net Premium Payment allocated to the Subaccount and any Contract Account Value transferred to that Subaccount, adjusted by any interest income, dividends, net capital gains or losses, realized or unrealized, and decreased by withdrawals (including any applicable Surrender Charges and Premium Tax Charge), charges and any Contract Account Value transferred out of that Subaccount. Subaccount Value is determined by calculating the Accumulation Unit Value as described in the Variable Account Section.

Examples of SUBACCOUNT VALUE in a sentence

AS OF JUNE 1 SUBACCOUNT VALUE ---------- ------------------ ------------------ ---------------- Money Market 100 $10 $1,000 Equity 100 $12 $1,200 ------ Separate Account Contract Value as of June 1...................
SUB-ACCOUNT VALUE The current number of sub-account units credited to your certificate multiplied by the current sub-account unit value.
ADMINISTRATION CHARGE [0.25%] PER ANNUM OF THE DAILY SUB-ACCOUNT VALUE.
AS OF JUNE 1 SUBACCOUNT VALUE ---------- ------------------ ------------------ ---------------- Money Market 100 $10 $1,000 Growth 100 $12 $1,200 ----- Separate Account Contract Value as of June 1...................
SUBACCOUNT VALUE - The Subaccount Value is determined by multiplying the number of Accumulation Units allocated to this Contract for that Subaccount by the Accumulation Unit Value for that Subaccount.
The request for change of allocations must be in a manner satisfactory to Us. The allocation change will be effective the date the request for change is recorded by Us. SUBACCOUNT VALUE At the end of any Valuation Period, the Subaccount value is equal to the number of units that the Contract has in the Subaccount, multiplied by the Accumulation Unit Value of that Subaccount.
For example, if 100 Accumulation Units were allocated to each of the Money Market and Equity Subaccounts as of June 1, Contract Value as of that date would be determined as follows: NUMBER OF ACCUMULATION UNIT SUBACCOUNT ACCUMULATION UNITS VALUE AS OF JUNE 1 SUBACCOUNT VALUE ---------- ------------------ ------------------ ---------------- Money Market 100 $10 $1,000 Equity 100 $12 $1,200 ----- Contract Value as of June 1....................................
ADMINISTRATION CHARGE [ 0.25% ] PER ANNUM OF THE DAILY SUB-ACCOUNT VALUE.
SUB-ACCOUNT VALUE The current number of sub-account units credited to a certificate issued under this rider multiplied by the current sub-account unit value.
SUB-ACCOUNT VALUE The current number of sub-account units credited to a certificate issued under this policy multiplied by the current sub-account unit value.

More Definitions of SUBACCOUNT VALUE

SUBACCOUNT VALUE. The Owner's interest in a Subaccount. VALUATION DATE - The Variable Account will be valued each day that the New York Stock Exchange is open for trading. VALUATION PERIOD - The period beginning at the close of business of the New York Stock Exchange on each Valuation Date and ending at the close of business for the next succeeding Valuation Date. VARIABLE ACCOUNT - A separate investment account of the Company designated on the Contract Data Page. VARIABLE ACCOUNT VALUE - The sum of the Owner's interest in each of the Subaccounts of the Variable Account. VARIABLE ANNUITY - A series of payments made during the Annuity Period which vary in amount with the investment experience of each applicable Subaccount.

SUBACCOUNT VALUE. The value of each Subaccount calculated separately according to the formulas stated in the Certificate.

SUBACCOUNT VALUE. The value of Your interest in each Subaccount. VALUATION DATE - Each business day that applicable law requires that We value the assets of the Separate Account. Currently this is each day that the New York Stock Exchange is open for trading. VALUATION PERIOD - The period that starts at the close of a Valuation Date and ends at the close of the next succeeding Valuation Date. VARIABLE ANNUITY - An Annuity payment plan which varies as to dollar amount because of Subaccount investment experience. WE, OUR, US - Federal ▇▇▇▇▇▇ Life Assurance Company, Schaumburg, Illinois.

SUBACCOUNT VALUE. For this Contract, the amount equal to that part of any Net Premium Form VA212

SUBACCOUNT VALUE. For this Contract, the amount equal to that part of any Net Premium Payment or periodic enhancement allocated to the Subaccount and any Contract Account Value