VARIABLE ACCOUNT VALUE. The Variable Account Value is the sum of the Subaccount Values, and reflects the investment experience of the Subaccounts, any Net Premium Payments allocated to the Subaccounts, transfers in or out of the Subaccounts, any charges deducted from the Subaccounts or any withdrawals from the Subaccount. There is no guaranteed minimum Variable Account Value.
VARIABLE ACCOUNT VALUE. The sum of all Sub-Account Values.
VARIABLE ACCOUNT VALUE. The sum of all Subaccount Values.
Examples of VARIABLE ACCOUNT VALUE in a sentence
VARIABLE ACCOUNT VALUE - The aggregate amount of your Contract Value allocated to the Variable Accounts.
VARIABLE ACCOUNT VALUE Purchase Payment(s) may be allocated among and, as described elsewhere in this Contract, Account values may be transferred to the various Sub-Accounts within the Separate Account.
VARIABLE ACCOUNT VALUE The policy's Variable Account value before the annuity date or maturity date is determined by multiplying the number of units credited to this policy for each sub-account by the current unit value of these units.
PART B - VARIABLE ACCOUNT VALUE ACQUISITION AND REDEMPTION OF VARIABLE ACCUMULATION UNITS.
PART B - VARIABLE ACCOUNT VALUE CREDITING VARIABLE ACCUMULATION UNITS.
More Definitions of VARIABLE ACCOUNT VALUE
VARIABLE ACCOUNT VALUE. This Contract's Variable Account Value for any Valuation Period before the Maturity Date is determined by multiplying:
VARIABLE ACCOUNT VALUE. The value of all amounts in the Sub-accounts accumulated under this Contract prior to the Income Date.
VARIABLE ACCOUNT VALUE. The Owner's interest in the Sub-Accounts of the Separate Account during the Accumulation Period.
VARIABLE ACCOUNT VALUE. This is the sum of the value of the Accumulation Units allocated to your Contract in each subaccount of a Variable Account.
VARIABLE ACCOUNT VALUE. The amount allocated to one or more Divisions of the Separate Account plus or minus investment experience minus any previous variable Income Payments, non-periodic withdrawals and fees. Written, In Writing: A written request or notice, signed, dated and received at an address designated by the Company in a form the Company accepts. The Owner may ask the Company for the forms. For certain types of written requests, the Company reserves the right to require that the signature be notarized. Alternatively, it can be guaranteed by a member firm of a major stock exchange or other institution qualified to give such a guaranty. ================================================================================ SECTION 2: PARTIES INVOLVED IN THIS CONTRACT ================================================================================
VARIABLE ACCOUNT VALUE. We measure the amounts in the Sub-Accounts in terms of Units and Unit Values. On any given date, the amount You have in a Sub-Account is equal to the Unit Value multiplied by the number of Units credited to You in that Sub-Account. Amounts allocated to a Sub-Account will be used to purchase Units of that Sub-Account. Units are redeemed when You make Partial Surrenders, undertake Policy loans or transfer amounts from a Sub-Account, and for the deductions of the Monthly Expense Charge, fees and the Monthly Cost of Insurance charge. The number of Units of each Sub-Account purchased or redeemed is determined by dividing the dollar amount of the transaction by the Unit Value for the Sub-Account. The Unit Value for each Sub-Account is established at $10.00 for the first Valuation Date of the Sub-Account. The Unit Value for any subsequent Valuation Date is equal to the Unit Value for the preceding Valuation Date multiplied by the Net Investment Factor (determined as provided below). The Unit Value of a Sub-Account for any Valuation Date is determined as of the close of the Valuation Period ending on that Valuation Date. Transactions are processed on the date We receive a Premium at Our Principal Office or any acceptable written or telephonic request is received at Our Principal Office. If Your Premium or request is received on a date that is not a Valuation Date, or after the close of the New York Stock Exchange on a Valuation Date, the transaction will be processed on the next subsequent Valuation Date. VARIABLE ACCOUNT VALUE IN THE SUB-ACCOUNTS. The Variable Account Value attributable to each Sub-Account of the Variable Account on the Investment Start Date equals: