Accumulation Unit definition

Accumulation Unit is the unit of measure we use before the Income Date to keep track of the value of each Variable Sub-Account.

Accumulation Unit. A unit of measure used to determine the value of an Owner's interest in a Sub-Account of the Variable Account during the Accumulation Period.

Accumulation Unit. A unit of measure used to calculate the value of a Sub-Account prior to the Annuity Date.

Examples of Accumulation Unit in a sentence

• With respect to a Separate Account, the transfers will be made at the Accumulation Unit Value for that Transaction Date.

• The amount you have in a Variable Investment Option at any time is equal to the number of Accumulation Units you have in that Variable Investment Option multiplied by the Variable Investment Option’s Accumulation Unit Value at that time.

• Contributions made to a Separate Account purchase Accumulation Units in that Account, using the Accumulation Unit Value for that Transaction Date.

• We determine Accumulation Unit Values for each Separate Account for each Valuation Period.

• To the extent the Separate Account invests in Investment Funds, and the assets of the Investment Funds are invested in a class or series of shares of a specified trust or investment company, the Accumulation Unit Value of a Variable Investment Option for any Valuation Period is equal to the Accumulation Unit Value for that Fund on the immediately preceding Valuation Period multiplied by the Net Investment Factor for that Fund for the current Valuation Period.

More Definitions of Accumulation Unit

Accumulation Unit. A unit of measure used in the calculation of the value of a Variable Sub-account prior to the Annuity Commencement Date.

Accumulation Unit is a valuation device used to measure increases in and decreases to the value of any Investment Account.

Accumulation Unit. An accounting unit of measure used to calculate the Contract Value prior to the Income Date.

Accumulation Unit means a statistical device used to measure amounts of increases to, decreases from, and accumulations in any Investment Account during the Accumulation Period.

Accumulation Unit. A unit of measure used to determine the value of the Owner’s interest in each Variable Investment Option under this contract before the Annuity Commencement Date.

Accumulation Unit. A measure of the net investment results for each variable investment option during the Accumulation Period. The Accumulation Units for the applicable Funds are used to calculate the portion of a Certificate Holder's Account Value attributable to a Separate Account during the Accumulation Period.

Accumulation Unit. A unit of measurement used to calculate the Account Value during the Accumulation Phase.