{"component": "clause", "props": {"groups": [{"samples": [{"hash": "kUwURmvmVUP", "uri": "/contracts/kUwURmvmVUP#account-value", "label": "Reinsurance Agreement (Metlife Investors Usa Separate Account A)", "score": 18.0, "published": true}, {"hash": "jUxY3pEussc", "uri": "/contracts/jUxY3pEussc#account-value", "label": "Reinsurance Agreement (Metlife Investors Variable Annuity Account One)", "score": 18.0, "published": true}, {"hash": "hni4wKfF57T", "uri": "/contracts/hni4wKfF57T#account-value", "label": "Reinsurance Agreement (Metlife Investors Usa Separate Account A)", "score": 18.0, "published": true}], "snippet_links": [{"key": "sum-of", "type": "clause", "offset": [27, 33]}, {"key": "separate-accounts", "type": "definition", "offset": [79, 96]}, {"key": "the-policies", "type": "clause", "offset": [112, 124]}, {"key": "surrender-charges", "type": "clause", "offset": [148, 165]}], "size": 15, "snippet": "The \"Account Value\" is the sum of the policyholders' interests in the Cedent's separate accounts, as defined in the Policies, before reductions for surrender charges.", "hash": "272ac0fa0f56ca2d24918a3dee521162", "id": 1}, {"samples": [{"hash": "mpQKloNOHi", "uri": "/contracts/mpQKloNOHi#account-value", "label": "Reinsurance Agreement (Separate Account Va V)", "score": 21.0, "published": true}, {"hash": "jqGiCr9025x", "uri": "/contracts/jqGiCr9025x#account-value", "label": "Reinsurance Agreement (Separate Account Va B)", "score": 21.0, "published": true}, {"hash": "cWIiSmfWObB", "uri": "/contracts/cWIiSmfWObB#account-value", "label": "Reinsurance Agreement (Separate Account Va Q)", "score": 21.0, "published": true}], "snippet_links": [{"key": "policy-value", "type": "definition", "offset": [43, 55]}, {"key": "in-accordance-with", "type": "definition", "offset": [67, 85]}, {"key": "terms-of-the", "type": "clause", "offset": [90, 102]}], "size": 15, "snippet": "The term \u201cAccount Value\u201d is defined as the policy value determined in accordance with the terms of the Annuities.", "hash": "3d648bdfaa95bd6d8f6deac609a8eab5", "id": 2}, {"samples": [{"hash": "h5fET9flWKf", "uri": "/contracts/h5fET9flWKf#account-value", "label": "Individual Deferred Index Linked Variable Annuity Contract (Massmutual Ascend Life Insurance Co)", "score": 34.3210144043, "published": true}, {"hash": "fUFSTpSh2v5", "uri": "/contracts/fUFSTpSh2v5#account-value", "label": "Individual Deferred Index Linked Variable Annuity Contract (Massmutual Ascend Life Insurance Co)", "score": 34.3210144043, "published": true}, {"hash": "3NmiI9GKMN5", "uri": "/contracts/3NmiI9GKMN5#account-value", "label": "Individual Deferred Index Linked Variable Annuity Contract (Massmutual Ascend Life Insurance Co)", "score": 34.3210144043, "published": true}], "snippet_links": [{"key": "the-account", "type": "clause", "offset": [0, 11]}, {"key": "this-contract", "type": "definition", "offset": [21, 34]}, {"key": "equal-to", "type": "definition", "offset": [38, 46]}, {"key": "sum-of", "type": "clause", "offset": [51, 57]}, {"key": "payment-account", "type": "clause", "offset": [128, 143]}, {"key": "declared-rate", "type": "definition", "offset": [168, 181]}], "size": 15, "snippet": "The Account Value of this Contract is equal to the sum of the values of each Crediting Strategy, plus the value of the Purchase Payment Account, if any. The value of a Declared Rate Strategy is equal to:", "hash": "289032be4197394d33c142e769856a9c", "id": 3}, {"samples": [{"hash": "j87jhIdkRcT", "uri": "/contracts/j87jhIdkRcT#account-value", "label": "Reinsurance Agreement (Genworth Life & Annuity VA Separate Account 2)", "score": 18.3148536682, "published": true}, {"hash": "6SuWOjTo8Ce", "uri": "/contracts/6SuWOjTo8Ce#account-value", "label": "Reinsurance Agreement (Genworth Life of New York VA Separate Account 3)", "score": 18.3148536682, "published": true}, {"hash": "kb6FKimuMg9", "uri": "/contracts/kb6FKimuMg9#account-value", "label": "Reinsurance Agreement (PHL Variable Accumulation Account II)", "score": 18.0, "published": true}], "snippet_links": [{"key": "used-in-this-agreement", "type": "clause", "offset": [29, 51]}, {"key": "the-contract-value", "type": "definition", "offset": [59, 77]}, {"key": "in-accordance-with", "type": "definition", "offset": [89, 107]}, {"key": "terms-of-the", "type": "clause", "offset": [112, 124]}], "size": 9, "snippet": "The term \"Account Value,\" as used in this Agreement, means the contract value determined in accordance with the terms of the Annuities.", "hash": "2103c40e8a6b0bb70a03a3d7598e0d4f", "id": 4}, {"samples": [{"hash": "giuuxkLmTJy", "uri": "/contracts/giuuxkLmTJy#account-value", "label": "Annuity Agreement (Pruco Life Inurance Co of New Jersey FLXBL Prmium Var Ann Ac)", "score": 22.2464065552, "published": true}, {"hash": "ddfwgNZEij0", "uri": "/contracts/ddfwgNZEij0#account-value", "label": "Annuity Agreement (Pruco Life Flexible Premium Variable Annuity Account)", "score": 22.2464065552, "published": true}, {"hash": "6g4BRdNWo2B", "uri": "/contracts/6g4BRdNWo2B#account-value", "label": "Annuity Agreement (Pruco Life Inurance Co of New Jersey FLXBL Prmium Var Ann Ac)", "score": 22.2464065552, "published": true}], "snippet_links": [{"key": "the-sub", "type": "clause", "offset": [17, 24]}, {"key": "your-account", "type": "definition", "offset": [48, 60]}, {"key": "the-account", "type": "clause", "offset": [113, 124]}, {"key": "unit-price", "type": "definition", "offset": [168, 178]}, {"key": "valuation-day", "type": "clause", "offset": [190, 203]}, {"key": "number-of-units", "type": "definition", "offset": [252, 267]}], "size": 9, "snippet": "Account Value in the Sub-accounts: We determine your Account Value separately for each Sub-account. To determine the Account Value in each Sub-account, we multiply the Unit Price, as of the Valuation Day for which the calculation is being made, by the number of Units attributable to your Annuity in that Sub-account as of that Valuation Day.", "hash": "1609c8a35c902c8527100f8a51fa8702", "id": 5}, {"samples": [{"hash": "fJ04Bslj6e2", "uri": "/contracts/fJ04Bslj6e2#account-value", "label": "Flexible Premium Variable Universal Life Insurance Policy (Sun Life Ny Variable Account D)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-account", "type": "clause", "offset": [0, 11]}, {"key": "sum-of", "type": "clause", "offset": [25, 31]}, {"key": "premiums-paid", "type": "clause", "offset": [109, 122]}, {"key": "expense-charges", "type": "clause", "offset": [203, 218]}, {"key": "costs-of-insurance", "type": "clause", "offset": [228, 246]}, {"key": "partial-withdrawals", "type": "clause", "offset": [248, 267]}, {"key": "policy-debt", "type": "definition", "offset": [275, 286]}, {"key": "net-investment-factor", "type": "definition", "offset": [296, 317]}, {"key": "terms-of-units", "type": "clause", "offset": [374, 388]}, {"key": "unit-values", "type": "clause", "offset": [393, 404]}, {"key": "equal-to", "type": "definition", "offset": [474, 482]}, {"key": "the-unit", "type": "clause", "offset": [483, 491]}, {"key": "number-of-units", "type": "definition", "offset": [516, 531]}, {"key": "allocated-to", "type": "definition", "offset": [586, 598]}, {"key": "purchase-units", "type": "definition", "offset": [638, 652]}, {"key": "policy-loans", "type": "definition", "offset": [747, 759]}, {"key": "transfer-amounts", "type": "definition", "offset": [761, 777]}, {"key": "monthly-expense-charge", "type": "definition", "offset": [837, 859]}, {"key": "mortality-and-expense-risk-charge", "type": "definition", "offset": [869, 902]}, {"key": "dollar-amount", "type": "definition", "offset": [1047, 1060]}, {"key": "the-transaction", "type": "clause", "offset": [1064, 1079]}, {"key": "date-of", "type": "clause", "offset": [1222, 1229]}, {"key": "subsequent-valuation", "type": "definition", "offset": [1279, 1299]}, {"key": "period-ending", "type": "definition", "offset": [1548, 1561]}, {"key": "our-principal-office", "type": "definition", "offset": [1649, 1669]}, {"key": "acceptable-request", "type": "clause", "offset": [1677, 1695]}, {"key": "received-on", "type": "clause", "offset": [1763, 1774]}, {"key": "the-new-york-stock-exchange", "type": "clause", "offset": [1834, 1861]}, {"key": "investment-start-date", "type": "definition", "offset": [2014, 2035]}, {"key": "net-premium", "type": "definition", "offset": [2060, 2071]}, {"key": "the-sub", "type": "clause", "offset": [2098, 2105]}, {"key": "monthly-deductions", "type": "definition", "offset": [2140, 2158]}, {"key": "policy-date", "type": "definition", "offset": [2170, 2181]}, {"key": "monthly-anniversary", "type": "clause", "offset": [2197, 2216]}, {"key": "valuation-dates", "type": "definition", "offset": [2367, 2382]}, {"key": "the-value", "type": "clause", "offset": [2549, 2558]}, {"key": "the-fixed-account", "type": "clause", "offset": [2562, 2579]}, {"key": "current-valuation", "type": "definition", "offset": [2720, 2737]}, {"key": "a-policy", "type": "clause", "offset": [3148, 3156]}, {"key": "surrender-charges", "type": "clause", "offset": [3188, 3205]}, {"key": "associated-with", "type": "definition", "offset": [3206, 3221]}, {"key": "specified-face-amount", "type": "clause", "offset": [3240, 3261]}, {"key": "processing-date", "type": "definition", "offset": [3336, 3351]}, {"key": "account-for-the", "type": "clause", "offset": [3411, 3426]}, {"key": "policy-month", "type": "definition", "offset": [3427, 3439]}], "size": 8, "snippet": "The Account Value is the sum of the amounts in each Sub-Account. The Account Value varies depending upon the Premiums paid, Expense Charge Applied to Premium, Mortality and Expense Risk Charges, Monthly Expense Charges, Monthly Costs of Insurance, Partial Withdrawals, fees, Policy Debt, and the Net Investment Factor. We measure the amounts in the Variable Sub-Accounts in terms of Units and Unit Values. On any given date, the amount You have in a Variable Sub-Account is equal to the Unit Value multiplied by the number of Units credited to You in that Variable Sub-Account. Amounts allocated to a Variable Sub-Account will be used to purchase Units of that Variable Sub-Account. Units are redeemed when You make Partial Withdrawals, undertake Policy loans, transfer amounts from a Variable Sub-Account, and for the deductions of the Monthly Expense Charge, Monthly Mortality and Expense Risk Charge, fees, and the Monthly Costs of Insurance. The number of Units of each Variable Sub-Account purchased or redeemed is determined by dividing the dollar amount of the transaction by the Unit Value for the Variable Sub-Account. The Unit Value for each Variable Sub-Account is established at $10.00 for the first Valuation Date of the Variable 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 Variable 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 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. The Account Value attributable to each Sub-Account on the Investment Start Date equals: that portion of Net Premium received and allocated to the Sub-Account, less that portion of the Monthly Deductions due on the Policy Date and subsequent Monthly Anniversary Days through the Investment Start Date charged to the Sub-Account. SVUL-2001 Page 15 The Account Value attributable to each Sub-Account on subsequent Valuation Dates is equal to: the Account Value attributable to the Variable Sub-Account on the preceding Valuation Date, multiplied by that Sub-Account's Net Investment Factor, plus the value of the Fixed Account on the preceding Valuation Date, accrued at interest, plus that portion of Net Premium received and allocated to the Sub-Account during the current Valuation Period, plus any amounts transferred by You to the Sub-Account from another Sub-Account during the current Valuation Period, less any amounts transferred by You from the Sub-Account to another Sub-Account during the current Valuation Period, less that portion of any Partial Withdrawals deducted from the Sub-Account during the current Valuation Period, plus any amounts transferred among the Sub-Accounts for a Policy loan, less that portion of any surrender charges associated with a decrease in the Specified Face Amount charged to the Sub-Account during the current Valuation Period, less if a Processing Date, that portion of the Monthly Deductions charged to the Sub-Account for the Policy Month.", "hash": "4baf0c3cd8f14d0316c95b43c48fef24", "id": 6}, {"samples": [{"hash": "iU81I6mDZVX", "uri": "/contracts/iU81I6mDZVX#account-value", "label": "Group Variable Annuity Contract (Standard Insurance Co)", "score": 19.0, "published": true}, {"hash": "cEJCHP4Gul5", "uri": "/contracts/cEJCHP4Gul5#account-value", "label": "Group Variable Annuity Contract (Standard Insurance Co)", "score": 19.0, "published": true}, {"hash": "8BId0d8x3XK", "uri": "/contracts/8BId0d8x3XK#account-value", "label": "Group Variable Annuity Contract (Standard Insurance Co)", "score": 19.0, "published": true}], "snippet_links": [{"key": "under-this-contract", "type": "clause", "offset": [11, 30]}, {"key": "the-value", "type": "clause", "offset": [32, 41]}, {"key": "the-fixed-account", "type": "clause", "offset": [70, 87]}, {"key": "the-variable-account", "type": "clause", "offset": [89, 109]}], "size": 7, "snippet": "Value held under this Contract. The value may be maintained in either the Fixed Account, the Variable Account or both, depending on allocations.", "hash": "da1d25533182ae626f5b20b3b8273301", "id": 7}, {"samples": [{"hash": "l0376F8uG5M", "uri": "/contracts/l0376F8uG5M#account-value", "label": "Variable Annuity Group Master Contract (Golden American Life Insurance Co /Ny/)", "score": 18.0, "published": true}, {"hash": "kdR4O9JxZPj", "uri": "/contracts/kdR4O9JxZPj#account-value", "label": "Variable Annuity Contract (Separate Account B of Golden American Life Insurance Co)", "score": 18.0, "published": true}, {"hash": "hnX2n348sh5", "uri": "/contracts/hnX2n348sh5#account-value", "label": "Variable Annuity Contract (Separate Account B of Golden American Life Insurance Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "most-recent", "type": "definition", "offset": [10, 21]}, {"key": "valuation-date", "type": "clause", "offset": [22, 36]}, {"key": "the-account", "type": "clause", "offset": [38, 49]}, {"key": "equal-to", "type": "definition", "offset": [59, 67]}, {"key": "the-total", "type": "clause", "offset": [68, 77]}, {"key": "the-purchase", "type": "clause", "offset": [81, 93]}, {"key": "investment-experience", "type": "clause", "offset": [148, 169]}, {"key": "allocated-to", "type": "definition", "offset": [194, 206]}, {"key": "the-fixed-account", "type": "clause", "offset": [298, 315]}, {"key": "additional-amount", "type": "clause", "offset": [330, 347]}, {"key": "section-iv", "type": "clause", "offset": [378, 388]}, {"key": "maintenance-fee", "type": "clause", "offset": [436, 451]}, {"key": "if-applicable", "type": "definition", "offset": [513, 526]}, {"key": "payout-option", "type": "definition", "offset": [621, 634]}], "size": 7, "snippet": "As of the most recent Valuation Date, the Account Value is equal to the total of the Purchase Payment(s) made to the Account;\n(a) Plus or minus the investment experience for the amount, if any, allocated to one or more of the Subaccounts (b) Plus interest added to the amount, if any, allocated to the Fixed Account; (c) Plus any additional amount deposited to the Account (SEE SECTION IV - OPTION PACKAGES); (d) Less the amount of any Maintenance Fee deducted; (e) Less any additional fee(s), charges, or taxes, if applicable, deducted; (f) Less any amount(s) withdrawn; and (g) Less any amount(s) applied to an Annuity Payout Option.", "hash": "949a215a997e877c64e0b1cfa96b26e3", "id": 8}, {"samples": [{"hash": "hpS6dAM3stt", "uri": "/contracts/hpS6dAM3stt#account-value", "label": "Flexible Premium Deferred Combination Variable and Fixed Annuity Contract (VOYA INSURANCE & ANNUITY Co)", "score": 25.0958251953, "published": true}, {"hash": "eTnz4gDTqHH", "uri": "/contracts/eTnz4gDTqHH#account-value", "label": "Group Flexible Premium Deferred Combination Variable and Fixed Annuity Master Contract (VOYA INSURANCE & ANNUITY Co)", "score": 25.0958251953, "published": true}, {"hash": "l0376F8uG5M", "uri": "/contracts/l0376F8uG5M#account-value", "label": "Variable Annuity Group Master Contract (Golden American Life Insurance Co /Ny/)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-account", "type": "clause", "offset": [0, 11]}, {"key": "market-value-adjustment", "type": "definition", "offset": [46, 69]}, {"key": "if-applicable", "type": "definition", "offset": [77, 90]}, {"key": "allocated-to", "type": "definition", "offset": [110, 122]}, {"key": "the-fixed-account", "type": "clause", "offset": [123, 140]}, {"key": "section-iii", "type": "definition", "offset": [146, 157]}], "size": 6, "snippet": "The Account Value plus or minus the aggregate Market Value Adjustment (MVA), if applicable, for the amount(s) allocated to the Fixed Account (SEE SECTION III - MARKET VALUE ADJUSTMENT).", "hash": "21425d9c7d0e6a15034032a540bb484c", "id": 9}, {"samples": [{"hash": "kUOdn9a8fjh", "uri": "/contracts/kUOdn9a8fjh#account-value", "label": "Insurance Policy Agreement", "score": 28.4367218018, "published": true}, {"hash": "jIPTtnVt33h", "uri": "/contracts/jIPTtnVt33h#account-value", "label": "Insurance Agreement", "score": 26.5561504364, "published": true}, {"hash": "cFt4gCPskRk", "uri": "/contracts/cFt4gCPskRk#account-value", "label": "Insurance Agreement", "score": 26.2304039001, "published": true}], "snippet_links": [{"key": "premium-charge", "type": "definition", "offset": [61, 75]}, {"key": "first-year", "type": "definition", "offset": [83, 93]}, {"key": "regular-premium", "type": "clause", "offset": [94, 109]}, {"key": "withdrawal-amount", "type": "definition", "offset": [126, 143]}, {"key": "withdrawal-charges", "type": "definition", "offset": [156, 174]}, {"key": "accumulated-interest", "type": "definition", "offset": [189, 209]}, {"key": "the-account", "type": "clause", "offset": [246, 257]}, {"key": "at-the-end-of", "type": "clause", "offset": [264, 277]}, {"key": "policy-month", "type": "definition", "offset": [283, 295]}], "size": 5, "snippet": "Account value is calculated as: The Regular premiums less\na) premium charge on the first year Regular premium; and\nb) partial withdrawal amount and partial withdrawal charges (if any) plus accumulated interest. Any interest will be credited into the Account value at the end of each Policy month.", "hash": "1f792858ec672dd681abf9f739f347d7", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZhY2NvdW50LXZhbHVlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["", ""], ["owner-not-an-individual", "OWNER NOT AN INDIVIDUAL"], ["death-prior-to-annuity-date", "DEATH PRIOR TO ANNUITY DATE"], ["annuity-option", "ANNUITY OPTION"], ["multiple-owners", "MULTIPLE OWNERS"]], "parents": [["general-provisions", "General Provisions"], ["definitions", "Definitions"], ["our-responsibilities", "Our Responsibilities"], ["entire-agreement", "ENTIRE AGREEMENT"], ["types-of-policies", "TYPES OF POLICIES"]], "size": 163, "title": "Account Value", "id": "account-value", "related": [["account-balance", "Account Balance", "Account Balance"], ["cash-account", "Cash Account", "Cash Account"], ["account-balances", "Account Balances", "Account Balances"], ["valuation-date", "Valuation Date", "Valuation Date"], ["fixed-account", "FIXED ACCOUNT", "FIXED ACCOUNT"]], "related_snippets": [], "updated": "2026-04-26T05:39:20+00:00", "also_ask": ["How can the definition of Account Value be strategically tailored to benefit our client?", "What essential elements must be included in the Account Value clause to avoid ambiguity?", "What are the most common risks or pitfalls in Account Value provisions?", "How does this Account Value definition compare to industry standards or statutory definitions?", "What factors do courts consider when interpreting or enforcing Account Value clauses?"], "drafting_tip": "Define 'Account Value' precisely to avoid ambiguity; specify calculation methods to ensure consistency; state timing of valuation to prevent disputes.", "explanation": "The Account Value clause defines the total worth of an account at a given time, typically reflecting the sum of all contributions, earnings, and adjustments such as fees or withdrawals. In practice, this clause outlines how the account value is calculated, specifying which transactions or market changes are included and when valuations are determined. Its core function is to provide a clear and consistent method for determining the value of an account, ensuring transparency and accuracy for all parties involved."}, "json": true, "cursor": ""}}