Common use of Allocation of Purchase Payments Clause in Contracts

Allocation of Purchase Payments. On the Issue Date, we allocate Purchase Payments to one or more of the Variable Options according to your future allocation instructions. If the Issue Date is the Index Effective Date, we also allocate Purchase Payments to one or more of the Index Options according to your Index Effective Date allocation instructions. Any Purchase Payment that we receive before the Index Effective Date that you want allocated to an Index Option, we place in the Money Market Variable Option. On the Index Effective Date, we rebalance your Contract Value among your selected Allocation Options according to your Index Effective Date allocation instructions. After the Index Effective Date, we allocate Purchase Payments to one or more of the Variable Options according to your future allocation instructions. Your future allocation instructions and Index Effective Date allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules. L40538-NY 6 The Variable Account is shown on the Variable Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Options you select. The Variable Account Value increases and decreases based on Purchase Payments, Transfers, Withdrawals, the deduction of contract fees and charges, and the investment performance of the Variable Options you select. We place Purchase Payments you allocate to the Variable Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s Accumulation Unit Value and then adding these results together.

Allocation of Purchase Payments. On If the Issue Date is also the Index Effective Date, on the Issue Date we allocate Purchase Payments to one or more of the Variable Allocation Options according to your future allocation instructions. If the Issue Date is not the Index Effective Date, on the Issue Date we also allocate Purchase Payments to one or more of the Variable Option until the Index Options according to your Index Effective Date allocation instructionsDate. Any Additional Purchase Payment that we receive Payments received after the Issue Date but before the Index Effective Date that you want will also be allocated to an Index Option, we place in the Money Market Variable Option. On the Index Effective Date, we rebalance will then allocate your Contract Value and any Additional Purchase Payments received before the end of the Business Day among your selected Allocation Options according to your allocation instructions. Purchase Payments continued from the previous page Allocation of Purchase Payments (continued) Except as provided in the Early Reallocation section, we will place any Additional Purchase Payments we receive after the Index Effective Date allocation instructionsin the Variable Option until the next Index Anniversary. After the Index Effective Date, we allocate The Additional Purchase Payments held in the Variable Option remain subject to one or more the investment performance of the Variable Option as described in the Contract Value section, and will be reduced by any Withdrawals and applicable Contract Charges. On the next Index Anniversary, we will allocate the Additional Purchase Payments remaining in the Variable Option and any Additional Purchase Payments we receive before the end of the Business Day on the Index Anniversary among your selected Allocation Options according to your future allocation instructions. If the Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. Your future allocation instructions and Index Effective Date allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules. L40538-NY 6 Variable Account The Variable Account is shown on the Variable Allocation Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided placed into subaccounts corresponding subaccount(s) which invest in the Variable Option. Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non- insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s applicable agreements and reserves for annuities. Contract Value How the Variable Options you select. Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, Transfers, WithdrawalsWithdrawals (including any Withdrawal Charges), the deduction of contract fees and chargesContract Charges, and the investment performance of the Variable Options you selectOption. We place Purchase Payments you allocate to the Variable Options Option into subaccounts a subaccount of the Variable Account. Each subaccount invests exclusively in one Variable Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each a subaccount as a result of Purchase Payments, WithdrawalsWithdrawals (including any Withdrawal Charges), Transfers, or the deduction of contract and rider fees and chargesContract Charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s Accumulation Unit Value and then adding these results together.

Allocation of Purchase Payments. On the Issue Date, we allocate We place Purchase Payments to one or more of in the Variable Options according to your future allocation instructionsInterim Fund(s) until the Index Effective Date. If the Issue Date is the Index Effective Date, we also then allocate Purchase Payments to one or more of the Index Options according to your allocation instructions. However, if we exercise our right to allocate to the Interim Fund(s) during the Right to Examine Period, we will allocate the Initial Purchase Payment to the Interim Fund(s) until the end of the Right to Examine Period. If your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the Right to Examine Period that is not the 29th, 30th or 31st of the month. We will then allocate your Contract Value among your selected Index Options according to your allocation instructionsinstructions on the Index Effective Date. Any If the Issue Date is not the Index Effective Date, any Purchase Payment that we receive before the Index Effective Date that you want allocated to an Index OptionDate, we place in the Money Market Variable Option. On Interim Fund(s) until the Index Effective Date, we rebalance . We will then allocate your Contract Value among your selected Allocation Index Options according to your Index Effective Date allocation instructions. After instructions on the Index Effective Date. Purchase Payments continued from the previous page We will place any Additional Purchase Payments we receive after the Index Effective Date in the Interim Fund(s) until the next Index Anniversary. On the next Index Anniversary, we will allocate the Variable Account Value held in the Interim Fund(s) and any Additional Purchase Payments to one or more we receive before the end of the Variable Business Day on the Index Anniversary among your selected Index Options according to your future allocation instructions. If the Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. If at any time we have more than one Interim Fund available, you may elect which Interim Fund to which you would like to have your Initial and any Additional Purchase Payments allocated. Your future allocation instructions and Index Effective Date allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules. L40538-NY 6 Variable Account The Variable Account is shown on the Variable Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding which invest in the Interim Fund(s). Contract Value The Contract Value is equal to the sum of the Index Option Values and the Variable Options you selectAccount Value. The Index Option Values are the values in a selected Index Option as discussed in the attached riders. The Variable Account Value increases and decreases based on Purchase Payments, Transferstransfers out of the subaccounts, WithdrawalsWithdrawals (including any Withdrawal Charges), the deduction of contract fees and chargesContract Charges, and the investment performance of the Variable Options you selectInterim Fund(s). We place Purchase Payments you allocate to the Variable Index Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable OptionInterim Fund. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, WithdrawalsWithdrawals (including any Withdrawal Charges), Transferstransfers out of the subaccounts, or the deduction of contract and rider fees and chargesContract Charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s Accumulation Unit Value and then adding these results together.

Allocation of Purchase Payments. On If the Issue Date is also the Index Effective Date, on the Issue Date we allocate Purchase Payments to one or more of the Variable Allocation Options according to your future allocation instructions. If the Issue Date is not the Index Effective Date, on the Issue Date we also allocate Purchase Payments to one or more of the Variable Option until the Index Options according to your Index Effective Date allocation instructionsDate. Any Additional Purchase Payment that we receive Payments received after the Issue Date but before the Index Effective Date that you want will also be allocated to an Index Option, we place in the Money Market Variable Option. On the Index Effective Date, we rebalance will then allocate your Contract Value and any Additional Purchase Payments received before the end of the Business Day among your selected Allocation Options according to your allocation instructions. Purchase Payments continued from the previous page Allocation of Purchase Payments (continued) Except as provided in the Early Reallocation section, we will place any Additional Purchase Payments we receive after the Index Effective Date allocation instructionsin the Variable Option until the next Index Anniversary. After the Index Effective Date, we allocate The Additional Purchase Payments held in the Variable Option remain subject to one or more the investment performance of the Variable Option as described in the Contract Value section, and will be reduced by any Withdrawals and applicable Contract Charges. On the next Index Anniversary, we will allocate the Additional Purchase Payments remaining in the Variable Option and any Additional Purchase Payments we receive before the end of the Business Day on the Index Anniversary among your selected Allocation Options according to your future allocation instructions. If the Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. Your future allocation instructions and Index Effective Date allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules. L40538-NY 6 The Variable Account is shown on the Variable Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Options you select. The Variable Account Value increases and decreases based on Purchase Payments, Transfers, Withdrawals, the deduction of contract fees and charges, and the investment performance of the Variable Options you select. We place Purchase Payments you allocate to the Variable Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s Accumulation Unit Value and then adding these results together.

Allocation of Purchase Payments. On the Issue Date, we allocate Purchase Payments to one or more of the Variable Options according to your future allocation instructions. If the Issue Date is the Index Effective Date, we also allocate Purchase Payments to one or more of the Index Options according to your Index Effective Date allocation instructions. Any Purchase Payment that we receive before the Index Effective Date that you want allocated to an Index Option, we place in the Money Market Variable Option. On the Index Effective Date, we rebalance your Contract Value among your selected Allocation Options according to your Index Effective Date allocation instructions. After the Index Effective Date, we allocate Purchase Payments to one or more of the Variable Allocation Options according to your future allocation instructions on the Index Effective Date. However, if we exercise our right to allocate to the Interim Fund(s) during the Right to Examine Period, we will allocate the Initial Purchase Payment to the Interim Fund(s) until the end of the Right to Examine Period. If your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the Right to Examine Period that is not the 29th, 30th or 31st of the month. We will then allocate your Contract Value among your selected Allocation Options according to your allocation instructions on the Index Effective Date. If the Issue Date is not the Index Effective Date, any Purchase Payment that we receive before the Index Effective Date, we place in the Interim Fund(s) until the Index Effective Date. We will then allocate your Contract Value among your selected Allocation Options according to your allocation instructions on the Index Effective Date. We will place any Additional Purchase Payments we receive after the Index Effective Date in the Interim Fund(s) until the next Index Anniversary. On the next Index Anniversary, we will allocate the Contract Value held in the Interim Fund(s) and any Additional Purchase Payments we receive on the Index Anniversary among your selected Allocation Options according to your most recent allocation instructions. If at any time we have more than one Interim Fund available, you may elect which Interim Fund to which you would like to have your Initial and any Additional Purchase Payments allocated. Your future allocation instructions and Index Effective Date most recent allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules. L40538-NY IADV 6 [Admin Tracking Identifier] The Variable Account is shown on the Variable Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Interim Fund(s). The Contract Value is equal to the sum of the Index Option Values and the Variable Options you selectAccount Value. The Index Option Values are the values in a selected Index Option as discussed in the attached riders. The Variable Account Value increases and decreases based on Purchase Payments, Transferstransfers out of the subaccounts, Withdrawals, the deduction of contract fees and chargesContract Charges, and the investment performance of the Variable Options you selectInterim Fund(s). We place Purchase Payments you allocate to the Variable Allocation Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable OptionInterim Fund. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transferstransfers out of the subaccounts, or the deduction of contract and rider fees and chargesContract Charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s Accumulation Unit Value and then adding these results together.