ACCUMULATION VALUE Sample Clauses

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 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Value of the Guaranteed Interest Fund is the sum of amounts applied to the fund, plus credited interest, less amounts withdrawn or transferred from the fund.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. 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Value of the Guaranteed Interest Fund is the sum of the amounts applied to it, plus credited interest, less any amounts withdrawn or transferred from the fund.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 the guaranteed annual effective interest rate stated on page 4. 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Value of the Guaranteed Interest Fund is the sum of the amounts applied to it, plus credited interest, less any amounts withdrawn or transferred from the fund.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).
ACCUMULATION VALUE. The Accumulation Value of this Contract is the sum of the amounts in each of the Divisions of the Variable Separate Account, the General Account, and the Fixed Account. You select how to allocate the Accumulation Value among the available Divisions and the Fixed Account. GA-IA-1112 <PAGE> HOW WE MEASURE THE CONTRACT'S ACCUMULATION VALUE (continued) -------------------------------------------------------------------------------- ACCUMULATION VALUE IN EACH DIVISION AND FIXED ALLOCATION On the Contract Date On the Contract Date, the Accumulation Value is allocated to each Division and Fixed Allocation as elected by you, subject to certain terms and conditions imposed by us. We reserve the right to allocate premium to the Specially Designated Division during any Right to Examine period. After such time, allocation will be made proportionately in accordance with the initial allocation(s) as elected by you. On each Valuation Date
ACCUMULATION VALUE. The Accumulation Value of this Contract is equal to the sum of the amounts that you have in each Division and the Fixed Allocations. You select how your Accumulation Value is allocated. The maximum number of Divisions and Fixed Allocations to which you may allocate Accumulation Value at any one time is shown in the Schedule. ACCUMULATION VALUE IN EACH DIVISION AND FIXED ALLOCATION On the Contract Date On the Contract Date, the Accumulation Value is allocated to each Division and the Fixed Allocations as shown in the Schedule.
ACCUMULATION VALUE. The Accumulation Value equals the Single Premium Paid less any Partial Withdrawals and any Premium Taxes accumulated with interest. Interest is calculated from the Contract Date. The rates of interest will be as we declare. The Initial Guaranteed Interest Rate will be credited each Contract Year during the Initial Guarantee Period. Guaranteed Interest Rates will be determined for subsequent Guarantee Periods at the beginning of that period and credited each Contract Year during the current Guarantee Period. Interest will be credited daily at a rate to yield the declared annual Guaranteed Interest Rate. The Initial Guaranteed Interest Rate and any Guaranteed Interest Rates declared for subsequent Guarantee Periods will not be less than 3%. In case of a full or Partial Withdrawal, interest will be credited on the portion of the Accumulation Value surrendered up to the date the surrender is requested. Accumulation Values at any date within a Contract Year will be determined by us with allowance for the time elapsed in the Contract Year. No interest will be credited on any Premium Tax deducted. FIXED ACCOUNT The Fixed Account is a separate account under state insurance law and is not required to be registered with the Securities and Exchange Commission under the Investment Company Act of 1940. The Fixed Account includes your Single Premium Paid which we credit with fixed rates of interest for the Guarantee Period you select. We reset the interest rates for subsequent Guarantee Periods based on our sole discretion. GUARANTEE PERIODS xxxxx://xxx.xxx.xxx/Archives/xxxxx/data/836658/000083727600500026/0000837276-00-... 11/29/2016 The Initial Guarantee Period is selected by you from among the durations then being offered by the Company and is shown in The Schedule on page 3. The length of the Initial Guarantee Period will determine the Initial Guaranteed Interest Rate. Upon the expiry of a Guarantee Period, a subsequent Guarantee Period will begin. Each subsequent Guarantee Period will be the same length as the previous Guarantee Period, unless a) you elect a different duration from among those then being offered by the Company; or b) the new Guarantee Period would extend beyond the Annuity Commencement Date then in effect. If the period remaining from the expiry of the previous Guarantee Period to the Annuity Commencement Date is less than the period you have elected or the period expiring, the next shortest period then available that will not extend beyond the Ann...
ACCUMULATION VALUE. At any time prior to the maturity date, the accumulation value of this contract equals the sum for all subaccounts of (1) times (2) where: 1. equals the number of accumulation units credited to a subaccount; and 2. equals the value of the appropriate accumulation unit. VALUATION DATE AND VALUATION PERIOD. A valuation date is any date on which the New York Stock Exchange is open for trading and we are open for business. The assets of each subaccount will be valued on each valuation date. A valuation period is a period beginning with the close of business on a valuation date and ending at the close of business for the next valuation date.
ACCUMULATION VALUE. The Accumulation Value equals the Single Premium Paid less any Partial Withdrawals and any Premium Taxes accumulated with interest. Interest is calculated from the Contract Date. The rates of interest will be as we declare. The Initial Guaranteed Interest Rate will be credited each Contract Year during the Initial Guarantee Period. Guaranteed Interest Rates will be determined for subsequent Guarantee Periods at the beginning of that period and credited each Contract Year during the current Guarantee Period. Interest will be credited daily at a rate to yield the declared annual Guaranteed Interest Rate. The Initial Guaranteed Interest Rate and any Guaranteed Interest Rates declared for subsequent Guarantee Periods will not be less than 3%. In case of a full or Partial Withdrawal, interest will be credited on the portion of the Accumulation Value surrendered up to the date the surrender is requested. Accumulation Values at any date within a Contract Year will be determined by us with allowance for the time elapsed in the Contract Year. No interest will be credited on any Premium Tax deducted.
ACCUMULATION VALUE. On the Contract Date, the Contract’s Accumulation Value equals the Initial Premium Payment less any Premium Tax, if applicable. At any time after the Contract Date, the Contract’s Accumulation Value equals the sum of the Accumulation Value of the Divisions and the Fixed Allocations chosen. Annuitant - The person designated by you on whose life the Annuity Payments are based. Annuity Commencement Date - The date on which Annuity Payments begin. Annuity Option - The Annuity Payment option you select that determines the form, frequency and amount of the Annuity Payments. Annuity Options may be referred to as “Income Plans” in the attached Riders and Endorsements. Annuity Payments - The periodic payments you, or someone else as directed by you, receive after the Annuity Commencement Date. Annuity Payments may be referred to as “Income Payments” or “Annuity Income Payments” in the attached Riders or Endorsements. Attained Age - Age on the Contract Date plus the number of full years elapsed since the Contract Date. Beneficiary - The person(s) designated to receive benefits in the case of your death prior to the Annuity Commencement Date. The Beneficiary may sometimes be referred to as the “Designated Beneficiary” in the attached Riders and Endorsements. Business Day - Any day the New York Stock Exchange (“NYSE”) is open for trading, exclusive of federal holidays, or any day on which the Securities and Exchange Commission (“SEC”) requires that mutual funds, unit investment trusts or other investment portfolios be valued. Cash Surrender Value - The amount you receive upon full surrender of the Contract.