Common use of Investment Credit Accumulation Rate Clause in Contracts

Investment Credit Accumulation Rate. For Accounting Periods beginning January 1, 1995 and thereafter, the Investment CreditAccumulation Rate in any Accounting Period equals (i) / [.5 x {(ii) + (iii)}], where: (i) equals the Modified Coinsurance Reserve Investment Credit, as described in Schedule C, for the current Accounting Period and the three Accounting Periods immediately preceding the current Accounting Period; (ii) equals the portion of the account value for the annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder as of the date one year prior to the date the current Accounting Period ends; and (iii) equals the portion of the account value for the annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder as of the date the current Accounting Period ends.

Investment Credit Accumulation Rate. For Accounting Periods beginning January 1, 1995 1996 and thereafter, the Investment CreditAccumulation Credit Accumulation Rate in any Accounting Period equals (i) / [.5 x {(ii) + (iii)}], where: (i) equals the Modified Coinsurance Reserve Investment Credit, as described in Schedule C, for the current Accounting Period and the three Accounting Periods immediately preceding the current Accounting Period; (ii) equals the portion of the account value for the annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder as of the date one year prior to the date the current Accounting Period ends; and (iii) equals the portion of the account value for the annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder as of the date the current Accounting Period ends.

Investment Credit Accumulation Rate. For Accounting Periods beginning January 1, 1995 and thereafter, the Investment CreditAccumulation Credit -11- 71 Accumulation Rate in any Accounting Period equals (i) / [.5 x {(ii) + (iii)}], where: (i) equals the Modified Coinsurance Reserve Investment Credit, as described in Schedule C, for the current Accounting Period and the three Accounting Periods immediately preceding the current Accounting Period; (ii) equals the portion of the account value for the annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder as of the date one year prior to the date the current Accounting Period ends; and (iii) equals the portion of the account value for the annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder as of the date the current Accounting Period ends.