Annuity Unit Value. For any Valuation Period, a Fund's Annuity Unit value is equal to: (a) The value for the previous Valuation Period; multiplied by, (b) The Annuity Net Return Factor for the Valuation Period; multiplied by, (c) A daily factor to reflect the Assumed Annual Net Return Rate (the factor for 3.5% per year is .9999058; for 5% per year it is .9998663). The dollar value of a Fund(s) Annuity Unit values and payments may go up or down due to investment gain or loss.
Appears in 6 contracts
Sources: Group Variable, Fixed or Combination Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Individual Variable, Fixed or Combination Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)
Annuity Unit Value. For any Valuation Period, a Fund's Annuity Unit value is equal to:
(a) The value for the previous Valuation Period; multiplied by,
, (b) The Annuity Net Return Factor for the Valuation Period; multiplied by,
, (c) A daily factor to reflect the Assumed Annual Net Return Rate (the factor for 3.5% per year is .9999058; for 5% per year it is .9998663). The dollar value of a Fund(s) Annuity Unit values and payments may go up or down due to investment gain or loss.
Appears in 5 contracts
Sources: Group Annuity Coverage Certificate (Variable Annuity Account I of Aetna Insurance Co of America), Group Variable, Fixed or Combination Annuity Contract (Variable Annuity Account I of Aetna Insurance Co of America), Group Annuity Contract (Variable Annuity Account I of Aetna Insurance Co of America)