ACCOUNT VALUE PROVISIONS. The Account Value is the total value of the Shield Option(s) and any other Allocation Option(s) during the Accumulation Period. We will deduct Withdrawal Charges and any other charges and fees from your Account Value as described on the Contract Schedule or any applicable riders or endorsements. SHIELD OPTION PROVISIONS On the Issue Date, you may allocate your Purchase Payment to one or more of the available Allocation Options. After the Issue Date, you may transfer your Account Value to one or more of the available Allocation Options, subject to the renewal and transfer requirements of the option(s). 5-213-1 (07/24) 7 Shield Option(s) Shield Options are index-linked Allocation Options offered under this Contract. All Shield Options available on the Issue Date are included by rider. The value of each Shield Option is as follows: ● On the Term Start Date, equals the Investment Amount. ● On the Term End Date, equals the Investment Amount adjusted by the Performance Rate. ● On any other day in the Term, the Interim Value is calculated in accordance with the applicable Shield Option rider. Investment Amount The Investment Amount for each Shield Option is the amount that is allocated to the Shield Option on the Term Start Date. The Performance Rate is applied to the Investment Amount on the Term End Date. The Investment Amount will be reduced for any withdrawal by the same percentage that the withdrawal reduces the Interim Value attributable to that Shield Option.
ACCOUNT VALUE PROVISIONS. The account value is the sum of the current amounts allocated to the portfolios of the Separate Account and to the Guaranteed Interest Division plus your balance in the Loan Division. The account value is based on premiums paid, policy and rider charges assessed, loans and withdrawals taken, monthly deductions, premium expense charges, transaction charges, any surrender charges, and the investment experience or credited interest of the division to which your account value is allocated. Your net account value is equal to your account value minus any policy loan and accrued but unpaid loan interest.
ACCOUNT VALUE PROVISIONS. Account Value - The Account Value is the sum of your interest in the Fixed Account(s), the Variable Account, and the Loan Account, if available. The Account Value on the Contract Date of this policy is the initial Net Purchase Payment received for this policy as of the Contract Date. The Account Value on each Valuation Date after the Contract Date will be:
ACCOUNT VALUE PROVISIONS. Contract Maintenance Charge 7 Account Value 7 Accumulation Units 7 Accumulation Unit Value 8 Net Investment Factor 8 Risk Charge 8 TRANSFER PROVISIONS Transfers 8 Dollar Cost Averaging 9 The Rebalancer Option 9
ACCOUNT VALUE PROVISIONS
