Accumulation Unit is the unit of measure we use before the Income Date to keep track of the value of each Variable Sub-Account.
Accumulation Unit. A unit of measure used to determine the value of an Owner's interest in a Sub-Account of the Variable Account during the Accumulation Period.
Accumulation Unit. A unit of measure used to calculate the value of a Sub-Account prior to the Annuity Date.
Examples of Accumulation Unit in a sentence
We determine the Account Value in an Investment Account by multiplying the Accumulation Units in a Participant Account by the Accumulation Unit value.
The Accumulation Unit value of an Investment Account changes only on a Business Day.
We establish the initial Accumulation Unit value for a new Investment Account on the inception date of that Investment Account.
We determine the Accumulation Unit value before giving effect to any additions, withdrawals, or transfers in the current Valuation Period.
The value of an Accumulation Unit for any later Valuation Period reflects the §4.1 income, gains, and losses and the §7.1 Investment Option Charge (IOC).
More Definitions of Accumulation Unit
Accumulation Unit. A unit of measure used in the calculation of the value of a Variable Sub-account prior to the Annuity Commencement Date.
Accumulation Unit. An accounting unit of measure used to calculate the Contract Value prior to the Income Date.
Accumulation Unit is a valuation device used to measure increases in and decreases to the value of any Investment Account.
Accumulation Unit means a statistical device used to measure amounts of increases to, decreases from, and accumulations in any Investment Account during the Accumulation Period.
Accumulation Unit. A unit of measurement used to calculate the Account Value during the Accumulation Phase.
Accumulation Unit. A unit of measure used to determine the value of the Owner’s interest in each Variable Investment Option under this contract before the Annuity Commencement Date.
Accumulation Unit. A measure of the net investment results for each variable investment option during the Accumulation Period. The Accumulation Units for the applicable Funds are used to calculate the portion of a Certificate Holder's Account Value attributable to a Separate Account during the Accumulation Period.