Common use of Fixed Accounts Clause in Contracts

Fixed Accounts. Fixed Accounts and Guarantee Periods available on your Contract Date are stated on your Fixed Account Specifications Page. Restrictions Associated with the Fixed Accounts are stated on your Fixed Account Specifications Page. We have the right to add or discontinue Fixed Accounts available for Transfers and additional Premiums. If we discontinue a Fixed Account for Transfers and additional Premiums, we will provide Prior Written Notice. The Account Value in a Fixed Account shall be the sum of all Premiums allocated or Transferred to the Fixed Account, minus partial withdrawals (adjusted for any Withdrawal Charges) and Transfers, plus interest credited to the Fixed Account, and minus any applicable Contract Fee and Premium Taxes. The Fixed Account values, Surrender Value, Death Benefit and annuity benefit available under this Contract will not be less than the minimum benefits required by any statute of the state in which the Contract was issued. Interest on the Fixed Accounts is compounded daily at the Guaranteed Interest Rate, and allocated at each Interest Allocation Period stated on your Fixed Account Specifications Page, or at the following times, if sooner: Death Benefit Date, Annuity Date, the date of any partial withdrawal or Transfer from a Fixed Account, or the date you surrender the Contract.

Fixed Accounts. Fixed Accounts and Guarantee Periods available on your Contract Date are stated on your Fixed Account Specifications Page. Restrictions Associated with the Fixed Accounts are stated on your Fixed Account Specifications Page. We have the right to add or discontinue Fixed Accounts available for Transfers and additional Premiums. If we discontinue a Fixed Account for Transfers and additional Premiums, we will provide Prior Written Notice. The Account Value in a Fixed Account shall be the sum of all Premiums allocated or Transferred to the Fixed Account, minus partial withdrawals (adjusted for any Withdrawal Charges) and Transfers, plus interest credited to the Fixed Account, and minus any applicable Contract Fee and Premium Taxes. The Fixed Account values, Surrender Value, Death Benefit and annuity benefit available under this Contract will not be less than the minimum benefits required by any statute of the state in which the Contract was issuedissued for delivery. Interest on the Fixed Accounts is compounded daily at the Guaranteed Interest RateRate for the Guarantee Period you selected, and allocated at each corresponding Interest Allocation Period stated on your Fixed Account Specifications Page, or at the following times, if sooner: Death Benefit Date, Annuity Date, the date of any partial withdrawal or Transfer from a Fixed Account, or the date you surrender the Contract.