A market value adjustment (“MVA”) is an increase or decrease in the amount distributed to you upon withdrawal from or surrender of your annuity due to changes in market interest rates since the beginning of the applicable guaranteed interest rate period. This adjustment is in addition to any withdrawal or surrender charges that may otherwise be assessed in accordance with your contract.
For detailed information regarding how the MVA is applied, including a sample MVA calculation, please refer to the product summary document.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article