Annuity Unit Value. The value of an annuity unit for a sub-account is determined monthly as of the first day of the month. The value is equal to the annuity unit value for that sub-account as of the first day of the preceding month multiplied by the product of (a) .996338; and (b) a sub-account investment factor. This investment factor is the accumulation unit value for that sub-account on the Valuation Date next following the fourteenth day of the preceding month divided by the accumulation unit value for that sub-account on the Valuation Date next following the fourteenth day of the second preceding month. For any date other than the first of a month, the annuity unit value is that value on the first day of the next month.
Appears in 5 contracts
Samples: Minnesota Mutual Group Variable Annuity Account, Minnesota Mutual Group Variable Annuity Account, Minnesota Mutual Group Variable Annuity Account
