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
The Accumulation Unit value may increase or decrease the dollar value of benefits under the Contract.
The value of an Accumulation Unit was arbitrarily established at the inception of the Variable Subaccount.
The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date.
The value of an Accumulation Unit may increase or decrease from Valuation Period to Valuation Period.
The value of a Variable Subaccount, at any time prior to the Annuity Commencement Date, is equal to the Accumulation Units credited to a Variable Subaccount multiplied by the value of the Accumulation Unit for the respective Variable Subaccount.
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. An accounting unit of measure used to calculate the Contract Value prior to the Income Date.
Accumulation Unit is a valuation device used to measure increases in and decreases to the value of any Investment Account.
Accumulation Unit. A unit of measurement used to calculate the Account Value during the Accumulation Phase.
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.