Accumulated Value definition

Accumulated Value means the value of all the Accumulation Units credited to this Contract.

Accumulated Value in relation to contributions, means the amount which the trustees determine to be equal to -

Accumulated Value means a monetary value of a specific Contract, which at a specific moment is calculated according to the Contract terms and conditions and the respective actuarial rules.

Examples of Accumulated Value in a sentence

• When a Policy is issued and all delivery requirements are received at Pacific Life’s Administrative Offices, the Accumulated Value will be automatically allocated according to the Policy owner’s instructions in the application or more recent instructions if any (except for amounts allocated to the Loan Account to secure any Debt).

• When a Policy owner takes a loan, an amount equal to the loan is transferred out of the Policy owner’s accumulated value in the Investment Options and/or the Fixed Options in proportion to the Accumulated Value in each Investment Option, unless the Policy owner instructs Pacific Life otherwise.

• When a Policy is issued and all delivery requirements are received at Pacific Life’s Life Insurance Division, the Accumulated Value will be automatically allocated according to the Policy Owner’s instructions in the application or more recent instructions if any (except for amounts allocated to the Loan Account to secure any Debt).

• If such a distribution is made, the distribution will be paid to you and the Accumulated Value will be reduced by the amount of the distribution.

• Accumulated Value will be determined as of the end of the Business Day coinciding with or immediately following the date of death.

More Definitions of Accumulated Value

Accumulated Value means the value of this contract on any date prior to the commencement of annuity payments. This value equals the sum of (i) the Accumulated Values for all variable investment options and (ii) the Accumulated Value of this contract in the MVA Account. The Accumulated Value for each variable investment option as of any date will equal the number of Accumulation Units for that variable investment option then credited to this contract multiplied by the Accumulation Unit Value for that variable investment option on that date. Accumulated Value for the MVA Account is defined in Section 7.

Accumulated Value means, with respect to any Eligible Contract as at any date of determination thereof, the accumulated value as defined in such Eligible Contract.

Accumulated Value means the value described in the Accumulated Value provision of this contract.

Accumulated Value means, for a Guaranteed Return Investment, the value of a Deposit on the date such Deposit is received or renewed by the Company, plus any interest or other income credited and accrued but not paid to that Deposit.

Accumulated Value means the total value of a deposit at the time commission is to be calculated, after taking into account changes in market value, withdrawals, transfers, administrative fees and surrender charges.

Accumulated Value of a contribution account means the value obtained by accumulating the contributions credited to such account to December 31 of successive years at rates of Interest from the dates such contributions are paid into the Fund to the date a benefit becomes payable to a member.

Accumulated Value unmodified, means the value of this contract on any date prior to the commencement of life annuity payments. This value equals the sum of this contract's (i) accumulated values for all Subaccounts and (ii) accumulated value in the Fixed Account. The accumulated value for each Subaccount as of any date will equal the number of Accumulation Shares for that Subaccount then credited to this contract multiplied by the Accumulation Share Value for that Subaccount on that date.