Market Value Adjustment. A transfer, withdrawal or surrender from a Guarantee Period Account after the expiration of its Guarantee Period will not be subject to a Market Value Adjustment. A Market Value Adjustment will apply to all other transfers, withdrawals or surrenders from a Guarantee Period Account. Amounts in a Guarantee Period Account that are applied under an Annuity Option are treated as withdrawals when calculating the Market Value Adjustment. The Market Value Adjustment will be determined by multiplying the amount taken from each Guarantee Period Account by the market value factor. The market value factor for each Guarantee Period Account is equal to: n/365 (1+i) ----- (1+j)- 1 where:
Appears in 2 contracts
Samples: Allmerica Select Sep Acct of 1st Allmerica Fin Life Ins Co, Separate Account Va-K of Allmerican Fn Lf Ins & an Co
Market Value Adjustment. A transfer, withdrawal or surrender from a Guarantee Period Account after the expiration of its Guarantee Period will not be subject to a Market Value Adjustment. A Market Value Adjustment will apply to all other transfers, withdrawals or surrenders from from, a Guarantee Period Account. Amounts in a Guarantee Period Account that are applied under an Annuity Option are treated as withdrawals when calculating the Market Value Adjustment. The Market Value Adjustment will be determined by multiplying the amount taken from each Guarantee Period Account by the market value factor. The market value factor for each Guarantee Period Account is equal to: n/365 [(1+i) )] ----- [(1+j)- 1+j)] - 1 where:
Appears in 2 contracts
Samples: Please Read (Allmerica Fin Life Ins & Ann Co Allmerica Sel Acct), Please Read (Allmerica Select Sep Acct of 1st Allmerica Fin Life Ins Co)
Market Value Adjustment. A transfer, withdrawal or surrender from a Guarantee Period Account after the expiration of its Guarantee Period will not be subject to a Market Value Adjustment. A Market Value Adjustment will apply to all other transferstransfers or withdrawals, withdrawals or surrenders from to a Guarantee Period Accountsurrender. Amounts in a Guarantee Period Account that are applied under an Annuity Option annuity option are treated as withdrawals when calculating the Market Value Adjustment. The Market Value Adjustment will be determined by multiplying the amount taken from each Guarantee Period Account by the market value factor. The market value factor for each Guarantee Period Account is equal to: n/365 (1+i1+i)/(1+j) ----- (1+j)- 1 -1 where:
Appears in 2 contracts
Samples: Please Read (Separate Account Va-P of First Allmerica Fin Life Insur Co), Please Read (Allmerica Fin Life Ins & Ann Co Allmerica Sel Acct)
