CONTRACT ENHANCEMENT Sample Clauses
CONTRACT ENHANCEMENT. The amount credited to the Separate Account Contract Value and/or the Fixed Account Contract Value for each Premium received in accordance with the Contract Enhancement Provision.
CONTRACT ENHANCEMENT. At the time each Premium payment is received, the Company will credit an amount equal to the 6% Contract Enhancement Percentage, multiplied by the Premium. The Contract Enhancement will be allocated to the Investment Divisions and/or Fixed Account Options in the same proportion as the Premium. Your Contract Value will reflect any gains or losses attributable to a Contract Enhancement. A Contract Enhancement, and any gains or losses attributable to a Contract Enhancement distributed under Your Contract will be considered earnings under the Contract for tax purposes. VA340NY 7
CONTRACT ENHANCEMENT. An amount added to the Contract Value at the time Premium is applied. Please note that Premium payments made within 12 months of a withdrawal or distribution from this Contract will not receive a Contract Enhancement.
CONTRACT ENHANCEMENT. The Company will add a credit to your Contract Value for each Premium applied to the Contract at a rate as specified on the Contract Data Page at the time such Premium is applied. The Contract Enhancement will be allocated among Contract Options in the same proportion that the applicable Premium is allocated. The Contract Enhancement is subject to the following conditions: o The amount returned if the Owner exercises the right to return the Contract under the Notice of Twenty-Day Right to Examine Policy provision will be reduced by any Contract Enhancement applied. o If a death benefit is payable, any Contract Enhancement based on any Premium payment received within 12 months prior to the date of death of the Owner or Annuitant (when the Owner is not a natural person) will be deducted from the death benefit payable. o For withdrawals or distributions, including partial withdrawals, any Contract Enhancement resulting from Premium paid 12 months prior to the receipt of the request for the withdrawal or distribution will be deducted from the Contract Value prior to determining the amount available for withdrawal or distribution. o For benefits provided by riders or endorsements, any Contract Enhancement resulting from Premium paid 12 months prior to the receipt of the request for the payment of the benefit will be deducted from the Contract Value prior to determining the amount available. Any gains or losses attributable to the Contract Enhancement will not be considered part of any amount deducted as described above. Contract Enhancements, and any gains or losses attributable to a Contract Enhancement, distributed under this Contract will be considered earnings under the Contract for tax purposes. INVESTMENT PORTFOLIOS. The Contract offers Investment Portfolios.
CONTRACT ENHANCEMENT. The Contract Enhancement percentage is equal to [6%] if the Adjusted Premium is less than [$100,000] at the time the Premium is received or [8%] if the Adjusted Premium is equal to or greater than [$100,000] at the time the Premium is received. At the time each Premium payment is received, the Company will credit an amount equal to the Contract Enhancement Percentage, multiplied by the Premium. The Contract Enhancement will be allocated to the Investment Divisions and/or Fixed Account Options in the same proportion as the Premium. At the time that a Premium is received during the first Contract Year that causes the Adjusted Premium to equal or exceed [$100,000] when it was less than [$100,000] before the receipt of the Premium, the Company will credit an additional Contract Enhancement equal to [2%] of any previous Premium for which a [6%] Contract Enhancement was credited and for which no additional [2%] Contract Enhancement has already been credited. The additional [2%] Contract Enhancement will be allocated to the Investment Divisions and/or Fixed Account Options in the same proportion as the currently received Premium. Your Contract Value will reflect any gains or losses attributable to a Contract Enhancement. A Contract Enhancement, and any gains or losses attributable to a Contract Enhancement distributed under Your Contract will be considered earnings under the Contract for tax purposes.