VALUATION OF ACCUMULATION UNITS. The Contract Value at any time prior to the Annuity Commencement Date equals the sum of the values of the Accumulation Units credited in the Subaccounts under the Contract. The value of a Subaccount on any Valuation Date is the number of Accumulation Units in the Subaccount multiplied by the value of an Accumulation Unit in the Subaccount at the end of the Valuation Period. Accumulation Units for each Subaccount are valued separately. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Subaccount. It may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Subaccount for any later Valuation Period is determined as follows:
Appears in 3 contracts
Samples: Joint and Survivor Annuities (Lincoln National Variable Annuity Account C), Lincoln National Variable Annuity Account C, Lincoln National Variable Annuity Account C
VALUATION OF ACCUMULATION UNITS. The Contract Value at any time prior to the Annuity Commencement Income Date equals the sum of the values of the Accumulation Units credited in the Subaccounts under the Contract. The value of a Subaccount on any Valuation Date is the number of Accumulation Units in the Subaccount multiplied by the value of an Accumulation Unit in the Subaccount at the end of the Valuation Period. Accumulation Units for each Subaccount are valued separately. Initially, the value of an Accumulation Unit was arbitrarily established at the inception of the Subaccount. It may increase or decrease from Valuation Period to Valuation Period. The Accumulation Unit value for a Subaccount for any later Valuation Period is determined as follows:
Appears in 2 contracts
Samples: Variable Account a/Ma, Variable Account a/Ma
