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Common use of Accumulation Unit Clause in Contracts

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.

Appears in 7 contracts

Sources: Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity (NML Variable Annuity Account A)

Related Clauses

  • Accumulation
  • Maximum Accumulation
  • Controlled Accumulation Period
  • Vacation Accumulation
  • Targeted Deposits to the Accumulation Reserve Account

Parent Clauses

  • TERMS USED IN THIS CONTRACT
  • DEFINITIONS
  • Contract Value
  • Contract
  • GLWB Participant Account Value

Sub-Clauses

  • -VARIABLE INVESTMENT OPTIONS/ACCUMULATION UNITS AND UNIT VALUES
  • -CONTRIBUTIONS
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