Accumulation Unit


Definition of "Accumulation unit"

Measure of policyholder interest in a variable annuity policy prior to the annuity date. This measure is similar to a unit in a mutual fund.

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Business Day

Day on which the New York Stock Exchange is open for transactions; used in calculating accumulation unit values for variable dollar insurance products ...

Accumulated Value

Total of the number of accumulation units times the accumulation unit value for a variable annuity. Similar procedure is followed in the calculation o ...

Flat Amount

Same as term Defined Benefit Plan: retirement plan under which benefits are fixed in advance by formula, and contributions vary. The defined benefit p ...

Variable Dollar Annuity

Annuity in which premium payments are used to purchase accumulation units, their number depending on the value of each unit. The value of a unit is de ...

Dollar Cost Averaging

Strategy of regularly investing a fixed amount of dollars into a variable dollar annuity over a substantial period of time regardless of the accumulat ...

Accumulation Unit Value

worth of each accumulation unit at the end of each valuation period for a variable annuity. This value is similar to that of the net asset value for ...

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