Common use of ACCUMULATION VALUE Clause in Contracts

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Value of the Guaranteed Interest Fund is the sum of the amounts applied to it, plus credited interest, less any amounts withdrawn or transferred from the fund.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Value of the Guaranteed Interest Fund is the sum of the amounts applied to it, plus credited interest, less any amounts withdrawn or transferred from the fund.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Value of the Guaranteed Interest Fund is the sum of the amounts applied to it, plus credited interest, less any amounts withdrawn or transferred from the fund.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%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Guaranteed Interest Fund 1 is the sum of the amounts applied to it, plus credited interest, less any fees and amounts withdrawn or transferred from the fund.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%the minimum 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 Guaranteed Period set by the Company.

ACCUMULATION VALUE. The Accumulation Value of the Guaranteed Interest Fund 1 is the sum of the amounts applied to it, plus credited interest, less any fees and amounts withdrawn or transferred from the fund.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%the minimum 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 Guaranteed Period set by the Company.