{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "business-day", "type": "definition", "offset": [85, 97]}, {"key": "at-the-end-of", "type": "clause", "offset": [131, 144]}, {"key": "equal-to", "type": "definition", "offset": [221, 229]}], "samples": [{"hash": "ailw4CAzMse", "uri": "/contracts/ailw4CAzMse#annuity-unit-value", "label": "Contract (Separate Account a of Pacific Life & Annuity Co)", "score": 34.3018493652, "published": true}, {"hash": "7KB3TkHwBw", "uri": "/contracts/7KB3TkHwBw#annuity-unit-value", "label": "Insurance Contract (Separate Account a of Pacific Life Insurance Co)", "score": 34.3018493652, "published": true}, {"hash": "hMUGbUjCIzd", "uri": "/contracts/hMUGbUjCIzd#annuity-unit-value", "label": "Insurance Contract (Separate Account a of Pacific Life Insurance Co)", "score": 34.293636322, "published": true}], "snippet": "The initial Annuity Unit Value for each Subaccount was arbitrarily set at $10 on the Business Day the Subaccount began operations. At the end of each subsequent Business Day, the Annuity Unit Value for each Subaccount is equal to (A x B) x C, where:", "size": 37, "hash": "0322b77cbe3f7b77b1bc60203b18bda3", "id": 1}, {"snippet_links": [{"key": "the-value", "type": "clause", "offset": [0, 9]}, {"key": "annuity-unit", "type": "definition", "offset": [16, 28]}, {"key": "the-separate-account", "type": "clause", "offset": [53, 73]}, {"key": "investment-experience", "type": "clause", "offset": [99, 120]}, {"key": "the-applicable", "type": "clause", "offset": [124, 138]}], "samples": [{"hash": "ftMKIFspnBA", "uri": "/contracts/ftMKIFspnBA#annuity-unit-value", "label": "Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven)", "score": 30.3237514496, "published": true}, {"hash": "fnUE8QZ7XrK", "uri": "/contracts/fnUE8QZ7XrK#annuity-unit-value", "label": "Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insur Co Separate Account Three)", "score": 30.3237514496, "published": true}, {"hash": "70q8M8gGKRM", "uri": "/contracts/70q8M8gGKRM#annuity-unit-value", "label": "Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account One)", "score": 30.3237514496, "published": true}], "snippet": "The value of an Annuity Unit for each Sub-Account of the Separate Account will vary to reflect the investment experience of the applicable Funds. It will be determined by multiplying:", "size": 16, "hash": "a63130b3645ab6a45406d5ab1f3e52f3", "id": 2}, {"snippet_links": [{"key": "the-value", "type": "clause", "offset": [0, 9]}, {"key": "annuity-unit", "type": "definition", "offset": [16, 28]}, {"key": "variable-subaccount", "type": "clause", "offset": [38, 57]}, {"key": "fund-shares", "type": "definition", "offset": [99, 110]}, {"key": "valuation-period", "type": "definition", "offset": [148, 164]}], "samples": [{"hash": "l4Y57zcBo3J", "uri": "/contracts/l4Y57zcBo3J#annuity-unit-value", "label": "Deferred Variable Annuity Contract (American Enterprise Variable Annuity Account)", "score": 18.0, "published": true}, {"hash": "kAO1KjxGUt7", "uri": "/contracts/kAO1KjxGUt7#annuity-unit-value", "label": "Deferred Annuity Contract (American Express Platinum Variable Annuity Sm)", "score": 18.0, "published": true}, {"hash": "iyRjXdFy8Fo", "uri": "/contracts/iyRjXdFy8Fo#annuity-unit-value", "label": "Deferred Variable Annuity Contract (American Enterprise Variable Annuity Account)", "score": 18.0, "published": true}], "snippet": "The value of an annuity unit for each variable subaccount was arbitrarily set at $1 when the first fund shares were bought. The value for any later valuation period is found as follows:", "size": 16, "hash": "647b757c46f2a433defb30d5fb30c0a9", "id": 3}, {"snippet_links": [{"key": "valuation-period", "type": "definition", "offset": [8, 24]}, {"key": "equal-to", "type": "definition", "offset": [57, 65]}, {"key": "the-value", "type": "clause", "offset": [71, 80]}, {"key": "previous-valuation", "type": "definition", "offset": [89, 107]}, {"key": "net-return-factor", "type": "definition", "offset": [147, 164]}, {"key": "the-valuation", "type": "clause", "offset": [169, 182]}, {"key": "return-rate", "type": "clause", "offset": [259, 270]}, {"key": "the-factor", "type": "definition", "offset": [272, 282]}, {"key": "per-year", "type": "definition", "offset": [292, 300]}, {"key": "dollar-value", "type": "clause", "offset": [351, 363]}, {"key": "annuity-unit-values", "type": "definition", "offset": [377, 396]}, {"key": "and-payments", "type": "clause", "offset": [397, 409]}, {"key": "investment-gain-or-loss", "type": "definition", "offset": [435, 458]}], "samples": [{"hash": "4XevGtP7omO", "uri": "/contracts/4XevGtP7omO#annuity-unit-value", "label": "Group Variable, Fixed or Combination Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co)", "score": 29.2546195984, "published": true}, {"hash": "em9PnPFcqWx", "uri": "/contracts/em9PnPFcqWx#annuity-unit-value", "label": "Individual Variable, Fixed or Combination Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co)", "score": 27.2546195984, "published": true}, {"hash": "lEgij1xdVbi", "uri": "/contracts/lEgij1xdVbi#annuity-unit-value", "label": "Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)", "score": 18.0, "published": true}], "snippet": "For any Valuation Period, a Fund's Annuity Unit value is equal to:\n(a) The value for the previous Valuation Period; multiplied by,\n(b) The Annuity Net Return Factor for the Valuation Period; multiplied by,\n(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.", "size": 11, "hash": "3b43e1373f5989d7a92983d5c7536657", "id": 4}, {"snippet_links": [{"key": "the-value", "type": "clause", "offset": [0, 9]}, {"key": "the-separate-account", "type": "clause", "offset": [54, 74]}, {"key": "the-sub", "type": "clause", "offset": [113, 120]}, {"key": "at-the-end-of", "type": "clause", "offset": [148, 161]}, {"key": "valuation-period", "type": "definition", "offset": [177, 193]}], "samples": [{"hash": "j3h1BQFT00u", "uri": "/contracts/j3h1BQFT00u#annuity-unit-value", "label": "Annuity Contract (C M Multi Account A)", "score": 34.3114318848, "published": true}, {"hash": "3ubJz1jzDRF", "uri": "/contracts/3ubJz1jzDRF#annuity-unit-value", "label": "Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4)", "score": 31.3203277588, "published": true}, {"hash": "9laTjXXuL1v", "uri": "/contracts/9laTjXXuL1v#annuity-unit-value", "label": "Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4)", "score": 30.9206027985, "published": true}], "snippet": "The value of any Annuity Unit for each Sub-Account of the Separate Account was arbitrarily set initially at $10. The Sub-Account Annuity Unit Value at the end of any subsequent Valuation Period is determined as follows:", "size": 9, "hash": "659a85430cca896ae0d0a49ab68dc8e3", "id": 5}, {"snippet_links": [{"key": "the-value", "type": "clause", "offset": [0, 9]}, {"key": "annuity-unit", "type": "definition", "offset": [16, 28]}, {"key": "the-unit", "type": "clause", "offset": [50, 58]}, {"key": "effective-date", "type": "clause", "offset": [59, 73]}, {"key": "unit-value", "type": "clause", "offset": [141, 151]}, {"key": "the-period", "type": "clause", "offset": [168, 178]}, {"key": "net-investment-factor", "type": "definition", "offset": [186, 207]}, {"key": "period-from", "type": "definition", "offset": [216, 227]}, {"key": "effect-of-the", "type": "clause", "offset": [311, 324]}, {"key": "rate-of", "type": "clause", "offset": [342, 349]}, {"key": "year-built", "type": "clause", "offset": [359, 369]}, {"key": "in-the-contract", "type": "clause", "offset": [390, 405]}], "samples": [{"hash": "jV6GETg14Md", "uri": "/contracts/jV6GETg14Md#annuity-unit-value", "label": "Variable Annuity Contract (First Investors Life Variable Annuity Fund D)", "score": 18.0, "published": true}, {"hash": "cfu27xjO48i", "uri": "/contracts/cfu27xjO48i#annuity-unit-value", "label": "Single Payment Deferred Variable Annuity (First Investors Life Variable Annuity Fund D)", "score": 18.0, "published": true}, {"hash": "5w3DGsR1N5g", "uri": "/contracts/5w3DGsR1N5g#annuity-unit-value", "label": "Single Payment Deferred Variable Annuity (First Investors Life Variable Annuity Fund D)", "score": 18.0, "published": true}], "snippet": "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", "size": 6, "hash": "69c709ec507e4741b54d6cd23e5d6a47", "id": 6}, {"snippet_links": [{"key": "the-variable-account", "type": "clause", "offset": [47, 67]}, {"key": "valuation-period", "type": "definition", "offset": [86, 102]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [158, 175]}, {"key": "the-sub", "type": "clause", "offset": [218, 225]}, {"key": "net-investment-factor", "type": "definition", "offset": [236, 257]}, {"key": "during-the-period", "type": "clause", "offset": [258, 275]}, {"key": "assumed-investment-rate", "type": "definition", "offset": [326, 349]}, {"key": "rate-of", "type": "clause", "offset": [417, 424]}, {"key": "fixed-amount", "type": "clause", "offset": [429, 441]}, {"key": "income-payments", "type": "definition", "offset": [442, 457]}, {"key": "payment-amount", "type": "clause", "offset": [470, 484]}, {"key": "allocated-to", "type": "definition", "offset": [509, 521]}, {"key": "dollar-cost-averaging", "type": "definition", "offset": [526, 547]}, {"key": "fixed-account", "type": "clause", "offset": [548, 561]}, {"key": "the-guaranteed", "type": "clause", "offset": [581, 595]}, {"key": "the-accumulation-phase", "type": "clause", "offset": [626, 648]}, {"key": "duration-of-the", "type": "clause", "offset": [667, 682]}, {"key": "income-plan", "type": "definition", "offset": [683, 694]}, {"key": "the-fixed", "type": "clause", "offset": [696, 705]}, {"key": "the-contract-value", "type": "definition", "offset": [769, 787]}, {"key": "start-date", "type": "definition", "offset": [826, 836]}, {"key": "market-value-adjustment", "type": "clause", "offset": [854, 877]}, {"key": "that-the-owner", "type": "clause", "offset": [920, 934]}, {"key": "to-apply", "type": "clause", "offset": [942, 950]}, {"key": "a-fixed", "type": "clause", "offset": [954, 961]}, {"key": "premium-tax", "type": "clause", "offset": [1008, 1019]}, {"key": "payment-table", "type": "clause", "offset": [1077, 1090]}, {"key": "other-value", "type": "clause", "offset": [1108, 1119]}, {"key": "no-transfers", "type": "clause", "offset": [1201, 1213]}, {"key": "you-choose", "type": "definition", "offset": [1267, 1277]}, {"key": "any-person", "type": "clause", "offset": [1310, 1320]}, {"key": "variable-amount-income", "type": "definition", "offset": [1381, 1403]}, {"key": "payment-to-the", "type": "clause", "offset": [1404, 1418]}, {"key": "six-months", "type": "definition", "offset": [1467, 1477]}], "samples": [{"hash": "fXZ5P3lBboS", "uri": "/contracts/fXZ5P3lBboS#annuity-unit-value", "label": "Flexible Premium Deferred Variable Annuity Contract (Glenbrook Life Multi-Manager Variable Account)", "score": 18.0, "published": true}, {"hash": "55df9hdCMUy", "uri": "/contracts/55df9hdCMUy#annuity-unit-value", "label": "Annuity Contract (Glenbrook Life Multi-Manager Variable Account)", "score": 18.0, "published": true}], "snippet": "The Annuity Unit Value for each Sub-account of the Variable Account at the end of any Valuation Period is calculated by: - multiplying the Annuity Unit Value at the end of the immediately preceding Valuation Period by the Sub-account's Net Investment Factor during the period; and then - dividing the result by 1.000 plus the assumed investment rate for the period. The assumed investment rate is an effective annual rate of 3%. FIXED AMOUNT INCOME PAYMENTS. The income payment amount derived from any monies allocated to the Dollar Cost Averaging Fixed Account or Sub-accounts of the Guaranteed Maturity Fixed Account during the Accumulation Phase are fixed for the duration of the Income Plan. The Fixed Amount Income Payment is calculated by applying the portion of the Contract Value in the Fixed Account(s) on the Payout Start Date, adjusted by any Market Value Adjustment plus any amount from the Variable Account that the owner elects to apply to a Fixed Amount Income Payment and less any applicable premium tax, to the greater of the appropriate value from the Income Payment Table selected or such other value as we are offering at that time. ANNUITY TRANSFERS. After the Payout Start Date, no transfers may be made from the Fixed Amount Income Payment. If you choose an Income Plan which depends on any person's life, transfers between Variable Sub-accounts or from the Variable Amount Income Payment to the Fixed Amount Income Payment may not be made for six months after the Payout Start Date. Annuity transfers may be made once every six months thereafter. If you choose an Income Plan which does not depend on any person's life, transfers between Variable Sub-accounts ar from the Variable Amount Income Payment to the Fixed Amount Income Payment are permitted immediately.", "size": 6, "hash": "4d1668d9a366b99ef9edf91dbf0090d1", "id": 7}, {"snippet_links": [{"key": "the-value", "type": "clause", "offset": [0, 9]}, {"key": "annuity-unit", "type": "definition", "offset": [18, 30]}, {"key": "to-receive", "type": "definition", "offset": [102, 112]}, {"key": "the-death-benefit", "type": "clause", "offset": [113, 130]}, {"key": "the-contract", "type": "definition", "offset": [145, 157]}], "samples": [{"hash": "9V98e3CTAnt", "uri": "/contracts/9V98e3CTAnt#annuity-unit-value", "label": "Annuity Contract (VARIABLE ANNUITY ACCOUNT C OF VOYA RETIREMENT INSURANCE & ANNUITY Co)", "score": 37.2902121834, "published": true}, {"hash": "4L9tdyHKKwN", "uri": "/contracts/4L9tdyHKKwN#annuity-unit-value", "label": "Summary Prospectus (VARIABLE ANNUITY ACCT C OF VOYA RETIREMENT INSURANCE & ANNUITY Co)", "score": 36.2881584167, "published": true}, {"hash": "7jeL9GbjofC", "uri": "/contracts/7jeL9GbjofC#annuity-unit-value", "label": "Annuity Contract (VARIABLE ANNUITY ACCT C OF VOYA RETIREMENT INSURANCE & ANNUITY Co)", "score": 35.2915802002, "published": true}], "snippet": "The value of each Annuity Unit in a Subaccount. Beneficiary (or Beneficiaries): The person designated to receive the death benefit payable under the Contract.", "size": 5, "hash": "012fcff7d4e3f23b15a92e59cb5a38f9", "id": 8}, {"snippet_links": [{"key": "the-value", "type": "clause", "offset": [0, 9]}, {"key": "a-sub", "type": "clause", "offset": [33, 38]}, {"key": "day-of", "type": "clause", "offset": [85, 91]}, {"key": "equal-to", "type": "definition", "offset": [116, 124]}, {"key": "the-product", "type": "clause", "offset": [226, 237]}, {"key": "accumulation-unit-value", "type": "definition", "offset": [325, 348]}, {"key": "valuation-date", "type": "definition", "offset": [377, 391]}, {"key": "following-the", "type": "definition", "offset": [397, 410]}, {"key": "divided-by", "type": "clause", "offset": [449, 459]}, {"key": "a-month", "type": "definition", "offset": [633, 640]}], "samples": [{"hash": "kM0oEEQkNfv", "uri": "/contracts/kM0oEEQkNfv#annuity-unit-value", "label": "Life Insurance Contract (Minnesota Mutual Group Variable Annuity Account)", "score": 18.0, "published": true}, {"hash": "d7a6X8jPWft", "uri": "/contracts/d7a6X8jPWft#annuity-unit-value", "label": "Life Insurance Contract (Minnesota Mutual Group Variable Annuity Account)", "score": 18.0, "published": true}, {"hash": "cKAsQzeXPGf", "uri": "/contracts/cKAsQzeXPGf#annuity-unit-value", "label": "Annuity Contract (Minnesota Mutual Group Variable Annuity Account)", "score": 18.0, "published": true}], "snippet": "The value of an annuity unit for a sub-account is determined monthly as of the first day of the month. The value is equal to the annuity unit value for that sub-account as of the first day of the preceding month multiplied by the product of (a) .996338; and (b) a sub-account investment factor. This investment factor is the accumulation unit value for that sub-account on the Valuation Date next following the fourteenth day of the preceding month divided by the accumulation unit value for that sub-account on the Valuation Date next following the fourteenth day of the second preceding month. For any date other than the first of a month, the annuity unit value is that value on the first day of the next month.", "size": 5, "hash": "70e9975c0d1720008d22e75c6be93ff2", "id": 9}, {"snippet_links": [{"key": "annuity-unit", "type": "definition", "offset": [3, 15]}, {"key": "the-value", "type": "clause", "offset": [37, 46]}, {"key": "annuity-payments", "type": "definition", "offset": [50, 66]}, {"key": "mutual-fund-shares", "type": "definition", "offset": [160, 178]}, {"key": "valuation-period", "type": "definition", "offset": [216, 232]}], "samples": [{"hash": "flqIo6awUOJ", "uri": "/contracts/flqIo6awUOJ#annuity-unit-value", "label": "Group Modified Single Purchase Payment Deferred Variable Annuity Contract (Nationwide Fidelity Advisor Annuity Variable Account)", "score": 18.0, "published": true}, {"hash": "1HiBgv3ASmW", "uri": "/contracts/1HiBgv3ASmW#annuity-unit-value", "label": "Group Modified Single Purchase Payment Deferred Variable Annuity Contract (Nationwide Variable Account 9)", "score": 18.0, "published": true}], "snippet": "An Annuity Unit is used to calculate the value of annuity payments. The value of an Annuity Unit for each Sub-Account was arbitrarily set at $10 when the first Mutual Fund shares were bought. The value for any later Valuation Period is found as follows:", "size": 5, "hash": "439da9b7f5ae07bab948ccf1d6b142bd", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihthbm51aXR5LXVuaXQtdmFsdWUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["valuation", "VALUATION"], ["annuity-provisions", "Annuity Provisions"], ["ag-account-market-value-adjustment", "AG Account Market Value Adjustment"], ["death-of-the-annuitant", "Death of the Annuitant"], ["contract-loans", "Contract Loans"]], "title": "Annuity Unit Value", "children": [], "size": 178, "id": "annuity-unit-value", "related": [["death-benefit", "Death Benefit", "Death Benefit"], ["accrued-benefit", "Accrued Benefit", "Accrued Benefit"], ["annuity", "Annuity", "Annuity"], ["survivor-benefit", "Survivor Benefit", "Survivor Benefit"], ["annuity-options", "ANNUITY OPTIONS", "ANNUITY OPTIONS"]], "related_snippets": [], "updated": "2026-04-19T04:24:51+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Annuity Unit Value clause defines how the value of each annuity unit is calculated and adjusted over time within a variable annuity contract. Typically, this involves specifying the method for determining the unit value based on the performance of underlying investment options, accounting for factors such as net investment returns, expenses, and mortality charges. By establishing a clear formula or process for valuing annuity units, this clause ensures transparency and consistency in benefit calculations, thereby protecting both the insurer and the annuitant from misunderstandings regarding payment amounts."}, "json": true, "cursor": ""}}