Fixed Account Value. The Fixed Account Value is equal to: 1. the value of Premium and any amounts transferred into the Fixed Account; plus 2. interest credited daily at a rate not less than the FAMIR per annum; less 3. any gross partial withdrawals; less 4. any amounts transferred out of the Fixed Account. The Fixed Account Value will never be less than the FAMV. FIXED INCOME ASSET PROXY. A component of the Interim Value calculation. See the Crediting Method Endorsements for details on the calculation of the Fixed Income Asset Proxy for the crediting method(s) You have elected.
Appears in 4 contracts
Sources: Annuity Contract (Jackson National Life Insurance Co of New York), Annuity Contract (Jackson National Life Insurance Co of New York), Annuity Contract (Jackson National Life Insurance Co of New York)