Annuity Unit Value. The value of an Annuity Unit was set at $10.00 on the Unit Effective Date. The value for a later period is obtained by first multiplying the unit value at the start of the period by the Net Investment Factor for the period from its start to its end and then multiplying the result by a factor which offsets the effect of the assumed interest rate of 3.5% per year built into the table used in the Contract. BENEFITS
Appears in 5 contracts
Sources: Variable Annuity Contract (First Investors Life Variable Annuity Fund D), Single Payment Deferred Variable Annuity (First Investors Life Variable Annuity Fund D), Single Payment Deferred Variable Annuity (First Investors Life Variable Annuity Fund D)
Annuity Unit Value. The value of an Annuity Unit was set at $10.00 1.00 on the Unit Effective Date. The value for a later period is obtained by first multiplying the unit value at the start of the period by the Net Investment Factor for the period from its start to its end and then multiplying the result by a factor which offsets the effect of the assumed interest rate of 3.5% per year built into the table tables used in the Contract. BENEFITS
Appears in 1 contract
Sources: Variable Annuity Contract (First Investors Life Variable Annuity Fund C)