CONTRACT VALUES. Contract Value — The Contract Value on any Business Day is the sum of: • the Variable Account Value; plus • the Loan Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. Variable Account Value — The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day.
CONTRACT VALUES. 6.1 The Accumulation Value 12 6.2 The Cash Surrender Value 12 6.3 Charges 12
CONTRACT VALUES. Amounts payable at death, withdrawal benefits, Accumulation Values and the annuity benefit described in this contract are not less than the minimum benefits required by any statute of the state in which this contract is delivered.
CONTRACT VALUES. Contract Value - The Contract Value on any Business Day is the sum of: . the Variable Account Value; plus . the Loan Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. Variable Account Value - The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day. Subaccount Value - Each Subaccount Value on any Business Day is equal to the number of Subaccount Units in that Subaccount multiplied by the Unit Value of the Subaccount on that day. We credit the Subaccount with Subaccount Units as a result of any: . Purchase Payments received by us and allocated to that Subaccount; and . transfers to that Subaccount, including transfers from the Loan Account. We debit the Subaccount with Subaccount Units as a result of any: . transfers, including transfers to the Loan Account; . withdrawals, including any applicable withdrawal charges; . withdrawal fees; . amounts applied to provide an annuity; . annual fees; and . charges for premium taxes and/or other taxes. The number of Subaccount Units we credit to, or debit from, a Subaccount in connection with a transaction is equal to the amount of the transaction applicable to that Subaccount divided by that Subaccount's Unit Value at the end of the valuation period that includes that day. The number of Subaccount Units in a Subaccount will change only if we credit or debit Subaccount Units for the transactions specified above. The number of Subaccount Units will not change because of subsequent changes in the Subaccount Unit Value.
CONTRACT VALUES. The values and benefits are equal to or greater than those required by any applicable law. We will inform you of their amount on request. ACCUMULATED VALUE Your contract values are calculated based on your Accumulated Value as stated below. Your Accumulated Value at any time is equal to:
CONTRACT VALUES. While this contract is in force prior to annuitization, transfers of contract values may be made as outlined below unless contract values are required to be allocated to certain accounts or subaccounts under the terms of certain optional benefit riders, if any, attached to this contract.
CONTRACT VALUES. CONTRACT ACCOUNT VALUE. The Contract Account Value is the sum of the Variable Account Value and the Guaranteed Account Value.
CONTRACT VALUES. The values and benefits are equal to or greater than those required by any applicable law. ACCUMULATED VALUE Your contract values are calculated based on Your Accumulated Value. Your Accumulated Value at any time is equal to Your Fixed Account Value plus Your Separate Account Value. FIXED ACCOUNT VALUE Your Fixed Account Value at any time is equal to:
CONTRACT VALUES. Contract Value — The Contract Value on any Business Day is the sum of: • the FAO Value; plus • the Variable Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. FAO Value — The FAO Value on any day is the FAO Value as of the prior day, increased by any additions to the FAOs on that day as a result of any: • interest; • Purchase Payments received by us and allocated the FAO; and • transfers allocated to the FAO; and decreased by any deductions from the FAOs on that day as a result of any: • transfers from the FAO; • withdrawals, including any applicable withdrawal charges; • annual charges for expenses relating to any optional benefit riders attached to the Contract; and • charges for premium taxes and/or other taxes. Variable Account Value — The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day.
CONTRACT VALUES. 8.1 Net Premium The net premium is the premium payment received less the premium expense charges shown in Section 1, Contract Data.
8.2 Contract Value As of the contract date the contract value equals:
(1) the initial net premium paid; less
(2) the monthly deductions, as defined in Section 2.19 of this contract. On any day after the contract date, the contract value is equal to the fixed account value (including the loan account value) plus the variable account value.
