A market value adjustment is an adjustment that may apply to the value of your annuity. It can be positive or negative.
The amount of the adjustment is determined by a mathematical formula based on the difference between the interest rate when the annuity started and when it was surrendered. If rates are higher, your value will be decreased. If rates are lower, your value will be increased by the market value adjustment. The specifics should be outlined in your annuity contract. If not, they will be available from the issuer.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
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The amount of the adjustment is determined by a mathematical formula based on the difference between the interest rate when the annuity started and when it was surrendered. If rates are higher, your value will be decreased. If rates are lower, your value will be increased by the market value adjustment. The specifics should be outlined in your annuity contract. If not, they will be available from the issuer.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.