Unit Account Value definition

Unit Account Value effective on a given date means the sum of the units of each Fund of the Unit Account on that date multiplied by the respective unit price effective on that date. “We” and “Us” mean Forester Life Limited. “Our” has a corresponding meaning.
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Unit Account Value effective on a given date means the sum of the units of each Fund of the Unit Account on that date multiplied by the respective unit price effective on that date.
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Examples of Unit Account Value in a sentence

  • If such grossed up value exceeds the Fund Value in the Pooled Unit Account, then, the benefit payable will be the Pooled Unit Account Value less Market Value Adjustment (if applicable).

  • In case the Initial Unit Account Value is insufficient to cover the shortfall amount of the Monthly Deduction, we will not hold you liable for any shortfall amount of the Monthly Deduction after the Initial Unit Account Value is deducted to zero and early encashment charge will not be applicable.

  • The early encashment charge of up to 49% of the Initial Unit Account Value as set out in the section “B) Summary of fees and charges” will apply.

  • However, it will reduce the Accumulation Unit Account Value and, therefore, the loyalty bonus you receive.

  • The Initial Unit Account Value and Accumulation Unit Account Value were US$20,000 and US$6,500 respectively.

  • Performance based contract models for EE and RE retrofits will be included in the OM making this knowledge available to SEF sub-projects.

  • Please refer to the sub-section “Special bonus” under this section “A) Product Features” and the section “B) Summary of fees and charges” for more details about the bonus clawback and the application of early encashment charge respectively.After the Initial Contribution Period until the end of the premium payment period, you may take a premium holiday to temporarily suspend payment of premium as long as your Accumulation Unit Account Value is sufficient to cover the on-going Monthly Deduction.

  • The portion of the Initial Unit Account Value derived from the special bonus to be clawed back is calculated as follows: Initial Unit Account Value xamount of special bonus creditedtotal premium paid for the Initial Contribution Period+ amount of special bonus credited Once your surrender request is approved, we will cancel all of the Units held in the Initial Unit Account and Accumulation Unit Account (if any).

  • The Units allocated to your Initial Unit Account and Accumulation Unit Account are notional and are solely for the purpose of determining the Initial Unit Account Value, the Accumulation Unit Account Value and the benefits under your Basic Policy.

  • Suspensions from school or extra-curricular activities for any reason will eliminate the student from consideration for an attendance incentive exemption.

Related to Unit Account Value

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).