Common use of Unit Value Clause in Contracts

Unit Value. The Unit Value in a Sub-Account on any Valuation Date is equal to that Unit Value on the immediately preceding Valuation Date multiplied by the Net Investment Factor for that Sub-Account on that Valuation Date.

Appears in 2 contracts

Samples: National Variable Life Insurance Account, National Variable Life Insurance Account

AutoNDA by SimpleDocs

Unit Value. The Unit Value in a Sub-Account on any Valuation Date is equal to that Unit Value on the immediately preceding Valuation Date multiplied by the Net Investment Factor in effect for that Sub-Account on that Valuation DateAccount.

Appears in 2 contracts

Samples: National Variable Annuity Account Ii, National Variable Annuity Account Ii

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.