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Account Balance
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The dollar value of your account.
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Accumulation Units
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Ownership shares in a separate investment account during
the accumulation period of a variable deferred annuity.
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Additions
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Transactions which cause an increase in your account, including,
but not limited to, contributions and loan repayments.
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| Adjustments |
Ownership shares in a separate investment account during
the accumulation period of a variable deferred annuity.
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| Allocated |
Invested, as directed, into your account. |
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| Cash Value |
The portion of your account balance available to provide lump-sum cash repayments under the contract.
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Contract |
See definition of group annuity.
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| Deductions |
Transactions which cause a reduction in your account, including, but not
limited to, withdrawals, expense charges and loan disbursements.
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Eligibility Provisions
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The provisions in a plan outlining the necessary requirements an employee
must meet to become a participant in the plan.
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Forfeiture Reallocations
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The nonvested portions of terminated participants' accounts that are reallocated to the accounts
of the remaining eligible plan participants.
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Gains/Losses
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Additions to, and subtractions from, your account balance that reflect the interest credited to
your funds invested in the interest funds and the amounts of increase and decrease in the value of your funds
invested in the unit trust funds.
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Group Annuity
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A contract between AUL and your employer, a plan trustee or a custodian that
defines how invested funds are to be treated.
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Interest Funds
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Accounts that are part of AUL's general asset account in which all or a portion
of your account balance may be held for accumulation at fixed rates of interest paid by AUL.
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Payroll Deduction Date
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The payroll date that coincides with each contribution to your account.
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Plan
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A program maintained by an employer or employee organization that provides the opportunity
for employees to defer income until retirement.
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Surrender Charge
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A charge applied at the time of a withdrawal from the contract for deferred
unamoritized expenses attributable to that contract.
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Transaction Date
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The date on which a transaction occurs.
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Unit Trust Funds
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Separate accounts of AUL whose assets and liabilities are maintained separately from
those of AUL's general asset account, in which all or a portion of your account balance may be held for accumulation through
the purchase of units in such funds.
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| Unit Value |
The dollar value of an accumulation unit, which is the unit of measure used to
record amounts or increases to, decreases from and accumulations in the unit trust funds. |
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| Vesting |
The acquisition of a nonforfeitable right by an employee to receive all or part of
his or her benefit in a plan if he or she terminates employment prior to the normal retirement age. Vesting is subject to plan
provisions and assumes that all plan participation requirements are met. |
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Weighted Average Interest Rate
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The average interest rate earned by the fixed fund(s) as it relates to the account value,
determined by weighting the current rate of each bucket with its account value.
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Withdrawal Value
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The portion of your account balance available to provide lump-sum cash payments
under the contract.
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FAQ