Accumulation Value definition

Accumulation Value. The value attributable to the Basic Contract. The Accumulation Value is the sum of the values attributable to the Variable Investment Options.

Accumulation Value means the value of all amounts accumulated under the policy prior to the annuity date.

Accumulation Value means the total amount of value held in your accounts at any time. It is equal to the total of the accumulation value held in the Account, the Fixed Account, and the accumulation value held in the general account which secures policy loans.

Examples of Accumulation Value in a sentence

• Charges are deducted from the Accumulation Value as long as the policy remains in force.

• For existing Policyowners, if you remove all of your Accumulation Value from these Investment Divisions on or after November 13, 2017, you will not be able to reinvest in these Investment Divisions.

• For existing Policyowners, if you remove all of your Accumulation Value from the MainStay VP Small Cap Growth – Initial Class Investment Division on or after February 17, 2012, you will not be able to reinvest in this Investment Divisions.

• For existing Policyowners, if you remove all of your Accumulation Value from this Investment Division on or after November 23, 2020, you will not be able to reinvest in this Investment Division.Performance information less than 1 year has not been annualized.Historically, certain fees have been assumed or reduced by some of the portfolios.

• Certain Index Crediting Options include a Strategy Fee, which is assessed against the Accumulation Value allocated to that option each crediting term.You should carefully consider the potential credited interest rate benefits of these Crediting Options and the corresponding Strategy Fees assessed.

More Definitions of Accumulation Value

Accumulation Value is equal to the sum of the Account Value of each of the Accounts. The term “Age” means the age of the individual on his or her last birthday.

Accumulation Value means the sum of the Accumulation Value of the Divisions and the Fixed Allocations chosen. Credit added to the Accumulation Value A pro-rata portion of the Credit will be added to the Accumulation Value in each Variable Separate Account Division or Fixed Allocation in the same ratio as the applicable Premium Payment.

Accumulation Value. The Accumulation Value of a Separate Account Division is the total value of all Accumulation Units in that Division. The Accumulation Value of the Guaranteed Interest Fund is the sum of amounts applied to the fund, plus credited interest, less amounts withdrawn or transferred from the fund. The Accumulation Value of the contract is the sum of the Accumulation Values of all Investment Accounts.

Accumulation Value. The Accumulation Value is the total value under a Contract. It is the sum of the Variable Account Accumulation Value and the Guaranteed Interest Account Accumulation Value.

Accumulation Value means the value of all the Accumulation Units credited to this contract;

Accumulation Value. IN EACH DIVISION On the Contract Date On the Contract Date, the Accumulation Value is allocated to each Division as elected by you, subject to certain terms and conditions imposed by us. We reserve the right to allocate premium to the Specially Designated Division during any Right to Examine contract period. After such time, allocation will be made proportionately in accordance with the initial allocation(s) as elected by you. On each Valuation Date At the end of each subsequent Valuation Period, the amount of Accumulation Value in each Division will be calculated as follows: (1) We take the Accumulation Value in the Division or at the end of the preceding Valuation Period. (2) We multiply (1) by the Variable Separate Account Division's Net Rate of Return for the current Valuation Period or we calculate interest to be credited to a Guaranteed Interest Division for the current Valuation Period. (3) We add (1) and (2). (4) We add to (3) any additional premium payments (less any premium deductions as shown in the Schedule) allocated to the Division during the current Valuation Period. (5) We add or subtract allocations to or from that Division during the current Valuation Period. (6) We subtract from (5) any Partial Withdrawals which are allocated to the Division during the current Valuation Period. (7) We subtract from (6) the amounts allocated to that Division for: (a) any charges due for the Optional Benefit Riders as shown in the Schedule; (b) any deductions from Accumulation Value as shown in the Schedule. All amounts in (7) are allocated to each Division in the proportion that (6) bears to the Accumulation Value unless the Charge Deduction Division has been specified (see the Schedule). 10 HOW WE MEASURE THE CONTRACT'S ACCUMULATION VALUE (continued) - ------------------------------------------------------------------------------ MEASUREMENT OF INVESTMENT EXPERIENCE

Accumulation Value. The "Accumulation Value" is the combined value of your Policy in all of the Subaccounts of the Variable Account, Guaranteed Interest Account and the values held in the General Account to secure policy loans.