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.
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.