Fixed Account Value definition

Fixed Account Value is the sum of the value of each Fixed Sub-Account on any particular day.

Fixed Account Value is the sum of the value of each Fixed Sub-Account on any particular day. A "FIXED SUB-ACCOUNT" is established when purchase payments are invested or amounts are transferred to the Fixed Account. The value of each Fixed Sub-Account is equal to the amount invested, increased by interest and reduced by any withdrawals or transfers from, or charges assessed against the Fixed Sub-Account.

Fixed Account Value. The value of all Fixed Account amounts accumulated under a Certificate prior to the Income Date.

Examples of Fixed Account Value in a sentence

• Transfers out of the Fixed Account during the Accumulation Period shall be limited to the greater of (a) 25% of the Fixed Account Value at the beginning of the Contract Year, or (b) the amount transferred out of the Fixed Account in the prior Contract Year.] WITHDRAWALS: WITHDRAWAL CHARGE: [A Withdrawal Charge is assessed against Purchase Payments withdrawn.

• Amounts in a Holding Segment receive interest in the same manner and at the same rate as amounts in the Fixed Account, as described above in Fixed Account Value.

• Surrenders will result in the cancellation of Accumulation Units from each applicable Sub-Account(s) and/or a reduction of your Fixed Account Value.

• Except in the case of Rebalancing, only one transfer from the Fixed Account during any Policy Year is permitted and is limited to the greater of $1,000 (or the Fixed Account Value, if less), the amount transferred out of the Fixed Account in the previous year, or 25% of the Fixed Account Value.

• See the Contract Option Provisions for details of how the Fixed Account Value and Index Account Value are determined.

More Definitions of Fixed Account Value

Fixed Account Value means the value of the Fixed Account on any valuation date.

Fixed Account Value. The value of the Fixed Account at any time is equal to:

Fixed Account Value. The portion of the Account Value funded by the assets of the General Account.

Fixed Account Value. The Owner's interest in the Fixed Account during the Accumulation Period.

Fixed Account Value. The Fixed Account Value is equal to the Purchase Payment amount initially allocated to the Fixed Account or the Fixed Account Value on the most recent Contract Anniversary, whichever is applicable, including any transfers, plus any interest credited by us less any withdrawals taken including any Surrender Charges and less any other applicable fees.

Fixed Account Value means the account value of the fixed deferred annuities and the fixed account value of the variable annuities, each in respect of the Reinsured Contracts.

Fixed Account Value means the portion of the Aggregate Value which is credited with a Guaranteed Minimum Interest Rate specified in the Contract Data. Fixed Account assets are maintained in the Company's general account and not allocated to the separate account.