The deferred sales charge is based on the market value of the units and decreases with each year. (renaissanceinvestments.ca)
It is the total value of units that a policyholder holds in funds. (bajajallianzlife.com)
But he acknowledges that the language in the press releases can seem scary, since it sounds like the investor will receive less than the net asset value of the units. (moneysense.ca)