Accumulation Unit Value

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Accumulation Unit Value

The net asset value of an accumulation unit after all taxes and management fees have been deducted. An accumulation unit is the number of shares a variable annuity purchases with the money invested in it.
References in periodicals archive ?
Variable annuity accumulation unit values fluctuate according to underlying economic and market conditions.
Variable accumulation unit values of a variable product fluctuate according to underlying economic and market conditions, and it is possible that purchasers could lose up to the entire principal amount invested in a variable product at redemption.
State Street's Portfolio Accounting System (PAS) for the insurance industry has added the Unit Value System (UVS) to provide 24-hour support for customers with insurance separate accounts which calculate accumulation unit values using the Net Investment Factor Method.