Unit Account Value definition

Unit Account Value effective on a given date means the sum of the units of each Fund of the Unit Account on that date multiplied by the respective unit price effective on that date. “We” and “Us” mean Forester Life Limited. “Our” has a corresponding meaning.
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Unit Account Value effective on a given date means the sum of the units of each Fund of the Unit Account on that date multiplied by the respective unit price effective on that date.
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Examples of Unit Account Value in a sentence

  • The early encashment charge of up to 49% of the Initial Unit Account Value as set out in the section “B) Summary of fees and charges” will apply.

  • If the premium is not paid for the Initial Contribution Period within the grace period, your Basic Policy will lapse and the portion of the Initial Unit Account Value derived from the special bonus will be clawed back.

  • Once the Accumulation Unit Account Value becomes insufficient to cover the Monthly Deduction for a Policy Month, your Basic Policy will lapse automatically.

  • Your Initial Unit Account Value, Accumulation Unit Account Value and investment return are not guaranteed.

  • Please refer to the sub-section “Special bonus” under this section “A) Product Features” and the section “B) Summary of fees and charges” for more details about the bonus clawback and the application of early encashment charge respectively.After the Initial Contribution Period until the end of the premium payment period, you may take a premium holiday to temporarily suspend payment of premium as long as your Accumulation Unit Account Value is sufficient to cover the on-going Monthly Deduction.

  • The Units allocated to your Initial Unit Account and Accumulation Unit Account are notional and are solely for the purpose of determining the Initial Unit Account Value, the Accumulation Unit Account Value and the benefits under your Basic Policy.

  • The Initial Unit Account Value and Accumulation Unit Account Value were US$20,000 and US$6,500 respectively.

  • It may, as a result, lead to an early termination of your Basic Policy if the Accumulation Unit Account Value is insufficient to cover such Monthly Deduction and you may lose a substantial portion of your investments and all the benefits (including life insurance coverage) under your Basic Policy.You will not be allowed to reduce the amount of regular premium payable under the Basic Policy within the Initial Contribution Period.

Related to Unit Account Value

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Regular account means the account established for each active and inactive member un-