{"component": "clause", "props": {"groups": [{"samples": [{"hash": "ailw4CAzMse", "uri": "/contracts/ailw4CAzMse#variable-account-value", "label": "Contract (Separate Account a of Pacific Life & Annuity Co)", "score": 34.3018493652, "published": true}, {"hash": "7KB3TkHwBw", "uri": "/contracts/7KB3TkHwBw#variable-account-value", "label": "Insurance Contract (Separate Account a of Pacific Life Insurance Co)", "score": 34.3018493652, "published": true}, {"hash": "hMUGbUjCIzd", "uri": "/contracts/hMUGbUjCIzd#variable-account-value", "label": "Insurance Contract (Separate Account a of Pacific Life Insurance Co)", "score": 34.293636322, "published": true}], "snippet_links": [{"key": "the-variable-account", "type": "clause", "offset": [0, 20]}, {"key": "business-day", "type": "clause", "offset": [34, 46]}, {"key": "sum-of", "type": "clause", "offset": [54, 60]}], "snippet": "The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day.", "size": 16, "hash": "da20f6336d6f521a8d5cd701900f6148", "id": 1}, {"samples": [{"hash": "jLSFmTYpLlr", "uri": "/contracts/jLSFmTYpLlr#variable-account-value", "label": "Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)", "score": 30.9657764435, "published": true}, {"hash": "2zrpQMWp5mr", "uri": "/contracts/2zrpQMWp5mr#variable-account-value", "label": "Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)", "score": 30.9657764435, "published": true}, {"hash": "qVyhg1EhLH", "uri": "/contracts/qVyhg1EhLH#variable-account-value", "label": "Flexible Premium Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)", "score": 21.0, "published": true}], "snippet_links": [{"key": "total-value-of-the-contract", "type": "definition", "offset": [4, 31]}, {"key": "allocated-to", "type": "definition", "offset": [32, 44]}, {"key": "the-variable-account", "type": "clause", "offset": [60, 80]}], "snippet": "The total value of the contract allocated to Subaccounts of the Variable Account.", "size": 12, "hash": "88b33daaee178668242d9fa9eacf301d", "id": 2}, {"samples": [{"hash": "jLSFmTYpLlr", "uri": "/contracts/jLSFmTYpLlr#variable-account-value", "label": "Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)", "score": 30.9657764435, "published": true}, {"hash": "2zrpQMWp5mr", "uri": "/contracts/2zrpQMWp5mr#variable-account-value", "label": "Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)", "score": 30.9657764435, "published": true}, {"hash": "f9WjTskQBjZ", "uri": "/contracts/f9WjTskQBjZ#variable-account-value", "label": "Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)", "score": 30.8042430878, "published": true}], "snippet_links": [{"key": "the-variable-account", "type": "clause", "offset": [0, 20]}, {"key": "sum-of", "type": "clause", "offset": [34, 40]}, {"key": "under-this-contract", "type": "clause", "offset": [71, 90]}, {"key": "allocation-date", "type": "clause", "offset": [102, 117]}, {"key": "the-value", "type": "clause", "offset": [118, 127]}, {"key": "net-premium", "type": "clause", "offset": [185, 196]}, {"key": "allocated-to", "type": "definition", "offset": [197, 209]}, {"key": "rata-share", "type": "clause", "offset": [242, 252]}, {"key": "monthly-deduction", "type": "definition", "offset": [260, 277]}], "snippet": "The Variable Account Value is the sum of the values of the Subaccounts under this contract. As of the Allocation Date the value of each Subaccount equals:\n1) the portion of the initial Net Premium allocated to the Subaccount; less\n2) the pro-rata share of the Monthly Deduction allocated to the Subaccounts.", "size": 10, "hash": "e10f189f03fa36f861cde91e03c729d4", "id": 3}, {"samples": [{"hash": "jyS8nNfigLG", "uri": "/contracts/jyS8nNfigLG#variable-account-value", "label": "Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)", "score": 21.0, "published": true}, {"hash": "eJlPMPMd8ee", "uri": "/contracts/eJlPMPMd8ee#variable-account-value", "label": "Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)", "score": 21.0, "published": true}, {"hash": "2kCBPh83g3U", "uri": "/contracts/2kCBPh83g3U#variable-account-value", "label": "Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)", "score": 21.0, "published": true}], "snippet_links": [{"key": "accumulation-units", "type": "definition", "offset": [19, 37]}, {"key": "a-purchase", "type": "definition", "offset": [64, 74]}, {"key": "payment-to", "type": "clause", "offset": [148, 158]}, {"key": "allocated-to", "type": "definition", "offset": [162, 174]}, {"key": "the-sub", "type": "clause", "offset": [175, 182]}, {"key": "the-participant", "type": "clause", "offset": [196, 211]}, {"key": "form-of", "type": "definition", "offset": [229, 236]}, {"key": "number-of", "type": "definition", "offset": [270, 279]}, {"key": "the-company-will", "type": "clause", "offset": [324, 340]}, {"key": "dollar-amount", "type": "definition", "offset": [378, 391]}, {"key": "variable-accumulation-unit-value", "type": "clause", "offset": [439, 471]}, {"key": "period-during-which", "type": "clause", "offset": [520, 539]}, {"key": "the-purchase", "type": "clause", "offset": [561, 573]}], "snippet": "Crediting Variable Accumulation Units When the Company receives a Purchase Payment, it will credit all or that portion, if any, of the Net Purchase Payment to be allocated to the Sub-Accounts, to the Participant's Account in the form of Variable Accumulation Units. The number of particular Variable Accumulation Units that the Company will credit is determined by dividing the dollar amount allocated to the particular Sub-Account by the Variable Accumulation Unit value of the particular Sub-Account for the Valuation Period during which the Company receives the Purchase Payment.", "size": 4, "hash": "552c6834384fdea2f6689b5d3581d218", "id": 4}, {"samples": [{"hash": "gJ1WPu8OzId", "uri": "/contracts/gJ1WPu8OzId#variable-account-value", "label": "Flexible Premium Variable Annuity Contract (Kansas City Life Variable Annuity Separate Account)", "score": 22.3223819733, "published": true}], "snippet_links": [{"key": "the-variable-account", "type": "clause", "offset": [0, 20]}, {"key": "sum-of", "type": "clause", "offset": [34, 40]}, {"key": "the-sub", "type": "clause", "offset": [55, 62]}, {"key": "under-this-contract", "type": "clause", "offset": [72, 91]}, {"key": "contract-date", "type": "definition", "offset": [100, 113]}, {"key": "the-value", "type": "clause", "offset": [114, 123]}, {"key": "initial-premium", "type": "clause", "offset": [175, 190]}, {"key": "allocated-to", "type": "definition", "offset": [191, 203]}, {"key": "annual-administration-fee", "type": "definition", "offset": [249, 274]}, {"key": "mortality-and-expense-risk", "type": "clause", "offset": [276, 302]}, {"key": "administration-charge", "type": "clause", "offset": [327, 348]}], "snippet": "The variable account value is the sum of the values of the sub-accounts under this contract. On the contract date the value of each sub-account equals:\n(1) the portion of the initial premium allocated to the sub-account; less\n(2) the portion of the annual administration fee, mortality and expense risk charges and asset-based administration charge allocated to the sub-accounts.", "size": 4, "hash": "e223c3568f32d868f42112368317878c", "id": 5}, {"samples": [{"hash": "ibNX5Bjq0k5", "uri": "/contracts/ibNX5Bjq0k5#variable-account-value", "label": "Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)", "score": 30.3497600555, "published": true}, {"hash": "iU2Wrqx2bxC", "uri": "/contracts/iU2Wrqx2bxC#variable-account-value", "label": "Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)", "score": 30.3497600555, "published": true}, {"hash": "3GZHPVJUGXJ", "uri": "/contracts/3GZHPVJUGXJ#variable-account-value", "label": "Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)", "score": 30.3497600555, "published": true}], "snippet_links": [{"key": "the-variable-account", "type": "clause", "offset": [0, 20]}, {"key": "sum-of", "type": "clause", "offset": [34, 40]}, {"key": "accumulated-value", "type": "clause", "offset": [45, 62]}, {"key": "calculate-the", "type": "clause", "offset": [92, 105]}, {"key": "credit-accumulation", "type": "definition", "offset": [287, 306]}, {"key": "allocated-to", "type": "definition", "offset": [426, 438]}, {"key": "transfers-to", "type": "clause", "offset": [467, 479]}, {"key": "transfers-from", "type": "definition", "offset": [512, 526]}, {"key": "the-loan-account", "type": "clause", "offset": [527, 543]}, {"key": "determine-the", "type": "clause", "offset": [797, 810]}, {"key": "number-of-accumulation-units", "type": "clause", "offset": [811, 839]}, {"key": "dollar-amount", "type": "definition", "offset": [926, 939]}, {"key": "the-transaction", "type": "clause", "offset": [943, 958]}, {"key": "unit-value", "type": "definition", "offset": [966, 976]}, {"key": "changes-in-unit", "type": "clause", "offset": [1281, 1296]}], "snippet": "The Variable Account Value is the sum of the Accumulated Value in each Variable Account. We calculate the Accumulated Value in each Variable Account as follows. Assets in each Variable Account are divided into Accumulation Units, which are measures of value for bookkeeping purposes. We credit Accumulation Units to each Variable Account as a result of each of the following: \u00b7 The amount of any Account Addition received and allocated to the Variable Account; and \u00b7 Transfers to the Variable Account, including transfers from the Loan Account. We debit Accumulation Units from each Variable Account as a result of each of the following: \u00b7 The amount of any Account Deductions taken from the Variable Account; and \u00b7 Transfers from the Variable Account, including transfers to the Loan Account. To determine the number of Accumulation Units debited or credited to a Variable Account as a result of a transaction, we divide the dollar amount of the transaction by the Unit Value of the affected Variable Account. To determine your Accumulated Value in each Variable Account, we multiply the number of Accumulation Units in the Variable Account by the Unit Value of the Variable Account. The number of Accumulation Units in each Variable Account will not change because of subsequent changes in Unit Value.", "size": 3, "hash": "127c0c6f643252f56e53d756c169d975", "id": 6}, {"samples": [{"hash": "clsF8JPNzgz", "uri": "/contracts/clsF8JPNzgz#variable-account-value", "label": "Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)", "score": 21.0, "published": true}, {"hash": "a1KxDNop4Sc", "uri": "/contracts/a1KxDNop4Sc#variable-account-value", "label": "Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)", "score": 21.0, "published": true}], "snippet_links": [{"key": "accumulation-units", "type": "definition", "offset": [19, 37]}], "snippet": "Crediting Variable Accumulation Units", "size": 2, "hash": "bf1326e11917f0e50652cbd4d66e8a75", "id": 7}, {"samples": [{"hash": "52isLNbUTYd", "uri": "/contracts/52isLNbUTYd#variable-account-value", "label": "Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)", "score": 37.1642710472, "published": true}, {"hash": "2WnsEPCyFdZ", "uri": "/contracts/2WnsEPCyFdZ#variable-account-value", "label": "Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)", "score": 37.1642710472, "published": true}], "snippet_links": [{"key": "the-variable-account", "type": "clause", "offset": [0, 20]}, {"key": "sum-of", "type": "clause", "offset": [34, 40]}, {"key": "accumulated-value", "type": "clause", "offset": [45, 62]}, {"key": "transfers-to-a", "type": "clause", "offset": [236, 250]}, {"key": "a-credit", "type": "definition", "offset": [283, 291]}, {"key": "transfers-from", "type": "definition", "offset": [364, 378]}, {"key": "deduction-of", "type": "clause", "offset": [415, 427]}, {"key": "number-of-accumulation-units", "type": "clause", "offset": [478, 506]}, {"key": "equal-to", "type": "definition", "offset": [587, 595]}, {"key": "dollar-amount", "type": "definition", "offset": [600, 613]}, {"key": "the-transaction", "type": "clause", "offset": [617, 632]}, {"key": "divided-by", "type": "clause", "offset": [633, 643]}, {"key": "unit-value", "type": "definition", "offset": [648, 658]}, {"key": "changes-in-unit", "type": "clause", "offset": [789, 804]}], "snippet": "The Variable Account Value is the sum of the Accumulated Value in each Variable Account. Assets in each Variable Account are divided into Accumulation Units, which are measures of value for bookkeeping purposes. \u00b7 Account Additions and transfers to a Variable Account will result in a credit of Accumulation Units to the Variable Account. \u00b7 Account Deductions and transfers from a Variable Account will result in a deduction of Accumulation Units from the Variable Account. The number of Accumulation Units credited to or deducted from a Variable Account as a result of a transaction is equal to the dollar amount of the transaction divided by the Unit Value of the affected Variable Account. The number of Accumulation Units in each Variable Account will not change because of subsequent changes in Unit Value. The Accumulated Value in each Variable Account is equal to the number of Accumulation Units in the Variable Account multiplied by the Unit Value of the Variable Account.", "size": 2, "hash": "57532e9fd388c4c7cf2419a9a88107fa", "id": 8}, {"samples": [{"hash": "a6IVA3HVgLf", "uri": "/contracts/a6IVA3HVgLf#variable-account-value", "label": "Annuity Contract (Nationwide Provident Va Separate Account 1)", "score": 19.0082130432, "published": true}, {"hash": "19Y8V6Y9FvB", "uri": "/contracts/19Y8V6Y9FvB#variable-account-value", "label": "Annuity Contract (Nationwide Provident Va Separate Account A)", "score": 19.0082130432, "published": true}], "snippet_links": [{"key": "this-contract", "type": "clause", "offset": [0, 13]}, {"key": "valuation-period", "type": "clause", "offset": [47, 63]}, {"key": "maturity-date", "type": "definition", "offset": [75, 88]}], "snippet": "This Contract's Variable Account Value for any Valuation Period before the Maturity Date is determined by multiplying:", "size": 2, "hash": "f6fd635c14016dc38103df5b3b75624b", "id": 9}, {"samples": [{"hash": "f9WjTskQBjZ", "uri": "/contracts/f9WjTskQBjZ#variable-account-value", "label": "Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)", "score": 30.8042430878, "published": true}], "snippet_links": [{"key": "total-value-of-the-contract", "type": "definition", "offset": [4, 31]}, {"key": "allocated-to", "type": "definition", "offset": [32, 44]}, {"key": "the-variable-account", "type": "clause", "offset": [60, 80]}], "snippet": "The total value of the contract allocated to Subaccounts of the Variable Account. ICC19J210", "size": 2, "hash": "4bd13b0f596b7d75e0d2801d38634500", "id": 10}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih92YXJpYWJsZS1hY2NvdW50LXZhbHVlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Variable Account Value", "parents": [["contract-values", "Contract Values"], ["you-your", "You, Your"], ["proceeds-applied-under-payment-options", "Proceeds Applied Under Payment Options"], ["changing-your-contract", "Changing Your Contract"], ["definition-of-certain-terms", "Definition of Certain Terms"]], "children": [], "size": 54, "id": "variable-account-value", "related": [["fixed-account", "FIXED ACCOUNT", "FIXED ACCOUNT"], ["multiple-accounts", "Multiple Accounts", "Multiple Accounts"], ["cash-account", "Cash Account", "Cash Account"], ["deposit-payment-of-the-fixed-reserve-price", "% Deposit Payment of The Fixed Reserve Price", "% Deposit Payment of The Fixed Reserve Price"], ["interest-bearing-account", "Interest Bearing Account", "Interest Bearing Account"]], "related_snippets": [], "updated": "2026-03-04T04:25:59+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The Variable Account Value clause defines how the value of an account, typically within an insurance or investment contract, is determined based on the performance of underlying investment options. This value fluctuates over time as the investments gain or lose value, and may be adjusted for additional contributions, withdrawals, or fees. The clause ensures that both parties understand how the account's worth is calculated at any given time, providing transparency and a clear method for tracking the account's performance."}, "json": true, "cursor": ""}}