Definitions for "Accumulated value"
The accumulated value of all the subaccounts and the Guaranteed or Fixed Account prior to the Annuity Date of the Contract. It also refers to the market value of the subaccounts and Fixed or Guaranteed account when calculating the loan or surrender value of the contract.
The total amount of contributions originally made to the pension plan plus any investment income on the contributions.
Generally, a life insurance policy's accumulated value is the cash value plus any dividend value (including interest). For an annuity, the accumulated cash value is generally the amount of contributions plus any interest earned less withdrawals.