Adjusted Certificate Value definition

Adjusted Certificate Value. The Certificate Value less any applicable taxes relating to a Certificate and Certificate Maintenance Charge. This amount is applied to the applicable Annuity Tables to determine Annuity Payments.
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Adjusted Certificate Value. The Certificate Value less any applicable Premium Tax, and Certificate Maintenance Charge and plus the applicable Market Value Adjustment which may be positive or negative. This amount is applied to the applicable Annuity Tables to determine Annuity Payments.
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Adjusted Certificate Value. The Certificate Value less any applicable Premium Tax, and Certificate Maintenance Charge and plus the applicable Market Value Adjustment which may be positive or negative. This amount is applied to the applicable Annuity Tables to determine Annuity Payments. AGE: The age of any Certificate Owner or Annuitant on his/her last birthday. For Joint Certificate Owners, all provisions which are based on age are based on the Age of the older of the Joint Certificate Owners.
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Examples of Adjusted Certificate Value in a sentence

  • The dollar amount of the first Variable Annuity payment for each $1,000 of Adjusted Certificate Value is shown in the Annuity Tables.

  • The Adjusted Certificate Value is applied to the Annuity Table for the Annuity Option selected.

  • If the Certificate is In Force on the Income Date, the Adjusted Certificate Value will be applied under the Annuity Option selected by a Certificate Owner.

  • If the Adjusted Certificate Value to be applied under an Annuity Option is less than $5,000, We reserve the right to make a lump sum payment in lieu of Annuity Payments.

  • The Adjusted Certificate Value will be applied to the applicable Annuity Table contained in the Certificate based upon the Annuity Option a Certificate Owner selects.

  • A Certificate Owner can also select a combination of a Fixed and Variable Annuity and the Adjusted Certificate Value will be allocated accordingly.

  • If the Certificate Owner selects a Variable Annuity, the Adjusted Certificate Value will be allocated to the Sub-accounts of the Separate Account in accordance with the selection he or she makes, and the Annuity will be paid as a Variable Annuity.

  • If a Certificate Owner selects a Fixed Annuity, the Adjusted Certificate Value is allocated to the General Account and the Annuity is paid as a Fixed Annuity.

  • If a Certificate Owner does not select between a Fixed Annuity and a Variable Annuity, any Adjusted Certificate Value in the Variable Account will be applied to a Variable Annuity and any Adjusted Certificate Value in the Fixed Account will be applied to a Fixed Annuity.

  • The minimum dollar amount of each Fixed Annuity Payment for each $1,000 of Adjusted Certificate Value is shown in the Annuity Tables.


More Definitions of Adjusted Certificate Value

Adjusted Certificate Value. The Certificate Value less any applicable Premium Tax. This amount is applied to the applicable Annuity Table to determine the initial Annuity Payment. AGE: Age last birthday unless otherwise specified.
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Adjusted Certificate Value. The Certificate Value multiplied by the ratio of the Adjusted Account Value to the Account Value.
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