Fixed Accumulation Value Sample Clauses
The Fixed Accumulation Value clause defines the guaranteed minimum value that an insurance or annuity contract will accumulate over time, regardless of market performance. This value is typically calculated based on a predetermined interest rate applied to premiums paid, minus any withdrawals or charges. For example, even if the underlying investments perform poorly, the contract holder is assured that the accumulation value will not fall below this fixed amount. The core function of this clause is to provide financial security and predictability for the contract holder by ensuring a minimum return on their investment.
Fixed Accumulation Value. Upon the Company's receipt of a Purchase Payment, all or that portion, if any, of the Net Purchase Payment allocated to the Fixed Account, will be credited to the Participant's Account and allocated to the Guarantee Period(s) that the Participant selects. The fixed accumulation value, if any, of a Participant's Account for any Valuation Period is equal to the sum of the values of all Guarantee Amounts credited to the Participant's Account for such Valuation Period.
Fixed Accumulation Value. Upon receipt of a Premium Payment by the Company at its Servicing Office, all or that portion, if any, of the Premium Payment which is allocated to the Fixed Account will be credited to the Fixed Account and allocated to the Fixed Account Sub-Accounts selected by the Owner. The Fixed Accumulation Value, if any, at any time, is equal to the sum of the then current values of all Guaranteed Period Amounts with respect to this contract.