RUV definition

RUV on the Issue Date is equal to the Contract Value. After the Issue Date until the Age 80 Anniversary Date, the RUV is an amount equal to: . Purchase Payments; less . a proportional reduction for any withdrawals of Contract Value; less . the amount of any indebtedness under the Contract; plus . interest accumulated at an annual rate of 5.0%. Proportional Reductions. Withdrawals of Contract Value cause a proportional reduction of: . GMIP Value for withdrawals on and after the Age 80 Anniversary Date; and . Anniversary Value Amounts for withdrawals before the Age 80 Anniversary Date; and . Roll-Up Value for withdrawals before the Age 80 Anniversary Date. The reduction is made in the ratio that a withdrawal of Contract Value, including charges on the withdrawal, bears to the total Contract Value before the withdrawal.
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Examples of RUV in a sentence

  • Unless all p QR UHOD ▇ ▇ RQVKL S ZL W K W KH VL W HV¶ RS HUD W RUV 32.

Related to RUV

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • Lacquer means a clear or opaque wood coating, including clear lacquer sanding sealers, formulated with cellulosic or synthetic resins to dry by evaporation without chemical reaction and to provide a solid, protective film.

  • WADA means the World Anti-Doping Agency.

  • STU means the Board or the Government company notified by the respective State Government under Sub-section (1) of Section 39 of the Act;

  • SORA means, in respect of any Singapore Business Day “i”, a reference rate equal to the daily Singapore Overnight Rate Average published by the Monetary Authority of Singapore (or a successor administrator), as the administrator of the benchmark, on the Monetary Authority of Singapore’s website currently at http://www.mas.gov.sg, or any successor website officially designated by the Monetary Authority of Singapore (or as published by its authorised distributors) (the “Relevant Screen Page”) on the Singapore Business Day immediately following such Singapore Business Day “i”; and