Accumulation phase The period when an annuity owner can add money and accumulate assets tax-deferred. Accumulation unit value (AUV) An annuity's subaccount price per share during the accumulation More
Additional Interest Insured Another person or company who may be liable for an accident involving an insured or an insured vehicle and who has been named as an Additional Interest Insured under the policy. BI/PDMore
Act of God An unpreventable accident or event that is the result of natural causes; for example, floods, earthquakes, or lightning. Actual Cash Value An amount equal to the replacement cost of lostMore
Accreditation A process whereby a program of study or an institution is recognized by an external body as meeting certain predetermined standards. For facilities, accreditation standards are usually More
