ACCUMULATION UNITS. During the Accumulation Period, Accumulation Units shall be used to account for all amounts allocated to or withdrawn from the Sub-Accounts of the Separate Account as a result of Purchase Payments, withdrawals, transfers, or fees and charges. The Company will determine the number of Accumulation Units of a Sub-Account purchased or cancelled once it receives the necessary information to completely process the transaction. This will be done by dividing the amount allocated to (or the amount withdrawn from) the Sub-Account by the dollar value of one Accumulation Unit of the Sub-Account as of the end of the Valuation Period during which the request for the transaction is received at the Annuity Service Center.
Appears in 6 contracts
Samples: Nursing Home Benefit Rider (Massachusetts Mutual Variable Annuity Separate Account 4), Massachusetts Mutual Variable Annuity Separate Account 4, Massachusetts Mutual Variable Annuity Separate Account 4
ACCUMULATION UNITS. During the Accumulation Period, Accumulation Units shall be used to account for all amounts allocated to or withdrawn from the Sub-Accounts Account(s) of the Separate Account as a result of the Purchase PaymentsPayment, withdrawals, transfers, or fees and charges. The Company will determine the number of Accumulation Units of a Sub-Account purchased or cancelled once it receives the necessary information to completely process the transaction. This will be done by dividing the amount allocated to (or the amount withdrawn from) the Sub-Account by the dollar value of one Accumulation Unit of the Sub-Account as of the end of the Valuation Period during which the request for the transaction is received at the Annuity Service Center.
Appears in 1 contract
Samples: Joint Contract (Massachusetts Mutual Variable Annuity Separate Account 4)
