Method One. The Net Investment Factor for each Sub-Account equals: (1) the net asset value per share plus applicable distributions per share of the corresponding Fund at the end of the current Valuation Day; divided by (2) the net asset value per share of the corresponding Fund at the end of the prior Valuation Day; multiplied by (3) the daily expense factor for the Program and Administrative Charge and any other applicable charges adjusted for the number of days in the period. If you select Method One, we deduct the Program and Administrative Charge, and any other applicable charges, when Accumulation Unit values are determined each Valuation Day.
Appears in 4 contracts
Sources: Group Variable Funding Agreement (Talcott Resolution Life Insurance Co- Separate Account Twelve), Group Variable Funding Agreement (Hartford Life Insurance Co- Separate Account Twelve), Group Variable Funding Agreement (Hartford Life Insurance Co- Separate Account Twelve)