Market Value Adjustment. This transaction is allowed only once for each maturity date, regardless of whether the transfer or withdrawal is partial or full.
Market Value Adjustment. There will be an MVA for any withdrawal before the end of a Guaranteed Period when the withdrawal is due to:
Market Value Adjustment. If you make a withdrawal, a Withdrawal Charge and any applicable taxes may apply. If we receive notification of your election to make a transfer or withdrawal from an expiring Guarantee Period Account on or before the New Account Start Date, the transfer or withdrawal will be deemed to have occurred on the New Account Start Date. If we receive notification of your election to make a transfer or withdrawal from an expiring Guarantee Period Account after the New Account Start Date, but before expiration of the 30 day period, (i) the transfer or withdrawal will be deemed to have occurred on the day we receive such notice; and (ii) the amount transferred or withdrawn will earn interest for the period beginning on the New Account Start Date and ending on the day we receive notification of your election. Any remaining balance not withdrawn or transferred will earn interest for the term of the new Guarantee Period Account, at the interest rate declared for such Account. If we do not receive notification from you within the 30 day period, you will be deemed to have elected to transfer the amount in the expiring Guarantee Period Account to establish a new Guarantee Period Account with the same term length, and the amount in the new Guarantee Period Account will continue to earn interest at the interest rate declared for the new Guarantee Period Account, and will be subject to all restrictions of the Market Value Adjusted Fixed Account. If we no longer offer the term length of the expiring Guarantee Period Account, the term length of the new Guarantee Period Account will be the next shortest term length we offer for the Market Value Adjusted Fixed Account at that time, and the interest rate will be the rate declared by us at that time for such term.
Market Value Adjustment. A transfer, withdrawal or surrender from a Guarantee Period Account after the expiration of its Guarantee Period will not be subject to a Market Value Adjustment. A Market Value Adjustment will apply to all other transfers or withdrawals, or to a surrender. Amounts applied under an annuity option are treated as withdrawals when calculating the Market Value Adjustment. The Market Value Adjustment will be determined by multiplying the amount taken from each Guarantee Period Account by the market value factor. The market value factor for each Guarantee Period Account is equal to:
Market Value Adjustment. Any transfer (except as noted below), withdrawal, or surrender of value from a Fixed Sub-account, unless effective on the Expiration Date of a Guaranteed Period, the Annuity Commencement Date, or at the death of the Owner, Joint Owner or Annuitant, will be increased or decreased by the Market Value Adjustment described in the following paragraphs. The Market Value Adjustment will not apply to any Contract Value being transferred as part of a DCA program. The amount of the Market Value Adjustment is calculated by multiplying the dollar amount of any transfer, withdrawal, or surrender of value from a Fixed Sub-account by the following amount:
Market Value Adjustment. An adjustment that may apply to the (MVA): amount withdrawn from a Guaranteed Period prior to the end of that Guaranteed Period. The adjustment reflects the change in the value of the investment due to changes in interest rates since the date of deposit and is computed using the formula given in 3.02. The adjustment is expressed as a percentage or a factor of each dollar being withdrawn.
Market Value Adjustment. Annuity Provisions When annuity payments begin; Different ways to receive annuity Page 16 payments; Determination of payment amounts Tables of Annuity Rates Tables showing the amount of the first variable annuity payment Page 18 and the guaranteed fixed annuity payments for the various payment plans
Market Value Adjustment. In the event of a full or partial Withdrawal of Fixed Account Contract Value, a Market Value Adjustment may be applied in determining the amount you actually receive. As a result, the amount you actually receive may be more or less than the amount of the full or partial Withdrawal of Fixed Account Contract Value requested. The increase or decrease in the amount withdrawn from a Guarantee Period will never exceed, in the positive or negative direction, the amount of any Excess Interest earned from the beginning of the current Guarantee Period to the date of your Withdrawal request. For purposes of this provision, Excess Interest means the difference between: (1) the interest earned from the beginning of the current Guarantee Period to the date of your Withdrawal request; and (2) the amount of interest that would have been earned for that period had the Current Rate been equal to the Guaranteed Rate. If the Current Rate for the existing Guarantee Period is less than the Current Rate for new Purchase Payments of the same Guarantee Period, the Market Value Adjustment will generally decrease the Withdrawal amount. If the Current Rate for the existing Guarantee Period is higher than the Current Rate for new Purchase Payments of the same Guarantee Period, the Market Value Adjustment will generally increase the Withdrawal amount. Subject to the Excess Interest limit above, the Market Value Adjustment attributable to a Withdrawal from a Guarantee Period is calculated as A x B x (C - D - 0.25%) where:
Market Value Adjustment. Any cash withdrawal (which for purposes of this section includes transfers and amounts applied to purchase an annuity) of a Guarantee Amount, other than a withdrawal effective within 30 days prior to the Renewal Date of the Guarantee Amount, or the withdrawal of interest credited on such Guarantee Amount during the current Account Year, will be subject to a market value adjustment. The market value adjustment will reflect the relationship between the current rate (as described in the formula below) for the amount being withdrawn and the Guaranteed Interest Rate applicable to the amount being withdrawn. It also reflects the time remaining in the applicable Guarantee Period. The Company will determine the market value adjustment by multiplying the amount being withdrawn after the deduction of any applicable account fee and before deduction of any applicable withdrawal charge by the market value adjustment factor. The market value adjustment factor is: where, I is the Guaranteed Interest Rate being credited to the Guarantee Amount subject to the market value adjustment, J is the Guaranteed Interest Rate that the Company declares, as of the effective date of the application of the market value adjustment, for current allocations to Guarantee Periods equal to the balance of the Guarantee Period of the Guarantee Amount subject to the market value adjustment, rounded to the next higher number of complete years. For any Guarantee Period of less than one year J is the Guaranteed Interest Rate we declare for a Guarantee Period of the same length as your Guarantee Period (the current rate). b is a factor which the Company will determine for each Certificate and which is set forth on the Certificate Specifications page and which will not exceed 0.25%, and N is the number of complete months remaining in the Guarantee Period of the Guarantee Amount subject to the market value adjustment. In the determination of J, if the Company does not currently offer the applicable Guarantee Period, then the Company will determine the rate by linear interpolation of the current rates for Guarantee Periods that are available.