Common use of INVESTMENT DIVISIONS Clause in Contracts

INVESTMENT DIVISIONS. Separate and distinct divisions of the Separate Account that invest in specific Underlying Mutual Fund shares for which Accumulation Units and Annuity Units are separately maintained. The Contract Value in the Investment Divisions will go up or down depending on the performance of the Underlying Mutual Funds. Investment Divisions may also be referred to as Portfolio(s) or Portfolio Options.

INVESTMENT DIVISIONS. Separate and distinct divisions of the Separate Account that invest in to which specific Underlying Mutual Fund shares are allocated, and for which Accumulation Units and Annuity Units are separately maintained. The Contract Value in the Investment Divisions will go up or down depending on the performance of the Underlying Mutual Funds. Investment Divisions may also be referred to as Portfolio(s) or Portfolio Options.