ACCUMULATION VALUE. The Accumulation Value of the Guaranteed Interest Fund is the sum of the amounts applied to it, plus credited interest, less any amounts withdrawn or transferred from the fund. Interest begins to accrue on the effective date of the Purchase Payment or transfer (see Section 4.6). Interest will be credited at an annual effective interest rate of not less than 3%. A higher rate may be declared by the Company from time to time for a period set by the Company.
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Value of the Guaranteed Interest Fund is the sum of amounts applied to the fund, plus credited interest, less amounts withdrawn or transferred from the fund.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. Accumulation Value The portion of the Accumulation Value attributable to a particular Variable Investment Option is determined by multiplying (a) by (b), where:
ACCUMULATION VALUE. The accumulation value is equal to the accumulation value for the entire contract, including both fixed and variable separate account funds. The accumulation value for variable funds is based on market value. The accumulation value for the fixed funds is based on market value adjusted book value.
ACCUMULATION VALUE. The Accumulation Value of a Division is the total value of all Accumulation Units in that Division. The Accumulation Value of the contract is the sum of the Accumulation Values of all Divisions.
ACCUMULATION VALUE the sum of the values of the Fixed Subaccounts and the Variable Subaccounts allocated to a Participant Account.
ACCUMULATION VALUE. The Accumulation Value of each Guaranteed Account is the sum of the amounts applied to it, plus credited interest, less fees and any amounts withdrawn or transferred from that Account. Interest begins to accrue on the effective date of the Purchase Payment or transfer (see Section 4.6). There may be Class A and Class B Guaranteed Accounts. Interest will be credited at an annual effective interest rate of not less than the minimum guaranteed annual effective interest rate stated on page 4. Higher rates for each Guaranteed Account may be declared by the Company from time to time for Guaranteed Periods set by the Company. The declared rate for a Class A Guaranteed Account will always equal or exceed the declared rate for the corresponding Class B Guaranteed Account for the same Guaranteed Period.
ACCUMULATION VALUE. 4, 12 Age and Sex................................................................3, 23 Allocation of Net Premiums.....................................................9
ACCUMULATION VALUE. On the Contract Date, the Contract’s Accumulation Value equals the Initial Premium Paid. At any time after the Contract Date, the Contract’s Accumulation Value equals the sum of the Accumulation Values(s) of the Account(s) chosen.
ACCUMULATION VALUE. On the Certificate Date, the Certificate’s Accumulation Value equals the Initial Premium Payment less any Premium Tax, if applicable. At any time after the Certificate Date, the Certificate’s Accumulation Value equals the sum of the Accumulation Value of the Divisions and the Fixed Allocations chosen. Annuitant - The person designated by the Certificate Owner on whose life the Annuity Payments are based. Annuity Commencement Date - For each Certificate, the date on which Annuity Payments begin. Annuity Option - The Annuity Payment option the Certificate Owner selects that determines the form, frequency and amount of the Annuity Payments. Annuity Options may be referred to as “Income Plans” when Riders and Endorsements are attached to the Certificate. Annuity Payments - The periodic payments the Certificate Owner, or someone else as directed by the Certificate Owner, receives after the Annuity Commencement Date. Annuity Payments may be referred to as “Income Payments” or “Annuity Income Payments” when Riders or Endorsements are attached to the Certificate.
