ANNIVERSARY VALUE. We calculate an Anniversary Value for every Contract Anniversary. At the time of each Contract Anniversary, the Anniversary Value is equal to the Contract Value. Any time after each such Contract Anniversary, the Anniversary Value is restated to be equal to the Contract Value at the time of the Contract Anniversary, increased by the dollar amount of any premium payments received, and modified by Adjustments for Partial Surrenders since such Contract Anniversary.
Appears in 3 contracts
Sources: Variable Annuity Contract (Talcott Resolution Life & Annuity Insur Co Separate Account Three), Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven), Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven)