Accumulation Unit. An accounting unit used to calculate the Variable Account Value. It is a measure of the net investment results of each of the Subaccounts.
Accumulation Unit. A unit of measure used to determine the value of the interest of this contract in the Separate Account prior to the date on which amounts are placed under a payment plan.
Accumulation Unit. Each Investment Account maintains a separate accumulation unit. The value of each Investment Account’s accumulation unit is calculated at the end of each valuation day. The value of an Investment Account’s accumulation unit is equal to the previous day’s value multiplied by that account’s net investment factor.
Accumulation Unit. 12 Net Return Factor for Each Valuation Period..........................12
Accumulation Unit. Each Investment Account maintains a separate accumulation unit. The value of each Investment Account’s accumulation unit is calculated at the end of each valuation day. For Investment Accounts other than the Real Estate Account, the value of an Investment Account’s accumulation unit as of the end of each valuation day is equal to the previous day’s value multiplied by that account’s net investment factor. For the Real Estate Account, the value of an accumulation unit as of the end of each valuation day is determined by dividing A) the value of the account’s accumulation fund as of the end of the valuation day by B) the total number of accumulation units in the account outstanding as of the end of the valuation day. The value of the Real Estate Account’s accumulation fund and the total number of accumulation units does not include the impact of units added or subtracted as of that valuation day. The Real Estate Account’s accumulation fund equals the portion of the account’s total net assets allocated to unitholders in the accumulation period. The value of the Real Estate Account’s accumulation fund at the end of a valuation day equals the corresponding value at the end of the previous valuation day, increased by amounts added to the fund during the current period and reduced by amounts withdrawn from the fund during the current period. These changes include the increase by the allocated portion of the current period’s net investment income and capital gains and the decrease by the allocated portion of the current period’s capital losses and separate account charges incurred since the previous valuation day. This allocated portion is determined in accordance with the proportion of the account’s accumulation fund relative to the account’s total net assets as of the end of the previous valuation day as adjusted for additions to and withdrawals from each fund as of the beginning of the current period.
Accumulation Unit. Mortality and Expense Risk Premium .............................................
Accumulation Unit. A unit of measure used to calculate the value in an Investment Division prior to the Income Date.
Accumulation Unit. Contributions (including Transfer requests) received at the Administrative Offices of Great-West before the close of a Valuation Period will be allocated as requested and applied as of that date based upon the Accumulation Unit value for that Variable Account. For each Contribution and Transfer request, the number of Accumulation Units credited to a Variable Account is determined by: (a) the dollar amount allocated to that Variable Account; divided by (b) the value of the Accumulation Unit for that Variable Account for the Valuation Date on which the Contribution is allocated to that Variable Account. The number of Accumulation Units will not change because of a later change in the Accumulation Unit value. However, the Accumulation Unit value will vary to reflect the investment experience of the Variable Account.
Accumulation Unit. An accounting unit of measure used to calculate the value of a Sub-Account of this contract before annuity payments begin. Administrative Office of the Company - Currently located at 000 Xxxxxxxxx Xx., Xxxxxxxx, Xx. All correspondence concerning this contract should be sent to our mailing address at P.O. Box 2999, Attn: Individual Annuity Operations, Hartford, CT 06104-2999. Annual Withdrawal Amount - The amount that can be withdrawn in any Contract Year prior to incurring surrender charges. Annuitant - The person on whose life this contract is issued. Annuity Commencement Date - The date on which annuity payments are to begin as described under Settlement Provisions in this contract.
Accumulation Unit. A unit of measure used to calculate the Variable Account Value during the accumulation period.
