POLICY VALUE. POLICY VALUE (a) premium payments; minus (b) Gross partial withdrawals (as defined in Section 5); plus (c) interest credited to the fixed account (see Section 7); plus (d) accumulated gains in the separate account (see Section 6); minus (e) accumulated losses in the separate account (see Section 6); minus (f) service charges, premium taxes, rider fees and transfer fees, if any. You may use the policy value on the annuity commencement date to provide income under the General Payment Provisions in Section 10.
Appears in 3 contracts
Sources: Annuity Contract (Separate Account Va Hny), Annuity Contract (Separate Account VA YNY), Annuity Contract (Separate Account Va Gny)
POLICY VALUE. POLICY VALUE
(a) premium payments; minus
(b) Gross gross partial withdrawals (as defined in Section 5); plus
(c) interest credited to the fixed account (see Section 7); plus
(d) accumulated gains in the separate account (see Section 6); minus
(ed) accumulated losses in the separate account (see Section 6); minus
(fe) service charges, premium taxes, rider fees and transfer fees, if any. You may use the policy value on the annuity commencement date to provide lifetime income or income for a period of no less than 60 months under the General Payment Provisions in Section 109.
Appears in 1 contract