Common use of ALLOCATION OF NET PREMIUMS AND SUBSEQUENT TRANSFERS Clause in Contracts

ALLOCATION OF NET PREMIUMS AND SUBSEQUENT TRANSFERS. Net Premium payments received on or before the In Force Date are transferred to the Separate Account on the In Force Date, but if the In Force Date is not a Valuation Date then the transfer will occur on the next Valuation Date. Net Premium payments received after the In Force Date but prior to the Initial Allocation Date are transferred to the Separate Account upon receipt in the Home Office if received on a Valuation Date, but if not received on a Valuation Date then the transfer will occur on the next Valuation Date. The In Force Date is shown on the Policy Schedule Pages (page 7). Prior to the Initial Allocation Date, any Net Premium payments transferred to the Separate Account will be transferred to the Government Money Market Division. On and after the Initial Allocation Date, Net Premium payments are allocated to the Divisions of the Separate Account and/or the NM Strength and Stability Account based on the Owner’s instructions then in effect subject to the limitations as described in Section 4.5. The Initial Allocation Date is shown on the Policy Schedule Pages (page 7). Initial allocation instructions will remain in effect for subsequent Net Premium payments until the Company receives a request for change by the Owner that is in accordance with the Company’s then current requirements. See Section 6.4 for the effective date of financial transactions, such as premium payments and transfers.

ALLOCATION OF NET PREMIUMS AND SUBSEQUENT TRANSFERS. Net Premium payments received on or before the In Force Date are transferred to the Separate Account on the In Force Date, but if the In Force Date is not a Valuation Date then the transfer will occur on the next Valuation Date. Net Premium payments received after the In Force Date but prior to the Initial Allocation Date are transferred to the Separate Account upon receipt in the Home Office if received on a Valuation Date, but if not received on a Valuation Date then the transfer will occur on the next Valuation Date. The In Force Date is shown on the Policy Schedule Pages (page 7). Prior to the Initial Allocation Date, any Net Premium payments transferred to the Separate Account will be transferred to the Government Money Market Division. On and after the Initial Allocation Date, Net Premium payments are allocated to the Divisions of the Separate Account and/or the NM Strength and Stability Account based on the Owner’s instructions then in effect subject to the limitations as described in Section 4.5. The Initial Allocation Date is shown on the Policy Schedule Pages (page 7). Initial allocation instructions will remain in effect for subsequent Net Premium payments until the Company receives a request for change by the Owner that is in accordance with the Company’s then current requirements. See Section 6.4 for the effective date of financial transactions, such as premium payments and transfers.