Segment Value. The Segment Value on the Segment Date is equal to the amount transferred to the Indexed Account at such time. At any later date, the Segment Value is equal to: • The Segment Value as of the prior day; • Plus the Segment Guaranteed Interest since the prior day; • Minus any Segment Deductions since the prior day; • Plus, at Segment Maturity only, any Segment Indexed Interest credited.
Segment Value. The Segment Value for any Buffer Segment Option on the initial Segment Start Date is the amount of the Holding Account allocated to the Segment Option. {On any other date, the Segment Value for any Buffer Segment Option is equal to A - B + C + D - E - F, where: A is the Segment Value as of the previous day; B is the Segment Fee amount applied to this Segment Option on this date; C is the amount of Segment Credits that are credited to this Buffer Segment Option on this date; D is any amount transferred from Your Contract’s other Segment Options to this Buffer Segment Option on this date; E is any amount transferred from this Buffer Segment Option to Your Contract’s other Segment Options on this date; and F is any Withdrawals deducted from this Buffer Segment Option on this date.} {On any other date, the Segment Value for any Buffer Segment Option is equal to A + B + C - D - E, where: A is the Segment Value as of the previous day; B is the amount of Segment Credits that are credited to this Buffer Segment Option on this date; C is any amount transferred from Your Contract’s other Segment Options to this Buffer Segment Option on this date; D is any amount transferred from this Buffer Segment Option to Your Contract’s other Segment Options on this date; and E is any Withdrawals deducted from this Buffer Segment Option on this date.} Buffer I (05/19) Page2 Buffer I (05/19) Exhibit 4.1 Buffer Strategy Xxxxxx Xxxxxxx and Life Company The Segment Value may be reduced by any premium taxes as provided for in the Premium Taxes section of Your Contract. Segment Credits Segment Credits, if any, will be calculated and added to a Buffer Segment Option only on a Segment End Date.
Segment Value. The Segment Value on the Segment Date is equal to the amount transferred to the Indexed Account at such time. At any later date, the Segment Value is equal to: • The Segment Value as of the prior day • Plus the Segment Guaranteed Interest since the prior day • Minus any Segment Deductions since the prior day • Plus, at Segment Maturity only, any Segment Indexed Interest credited Segment Guaranteed Interest – We credit interest on a daily basis to each Segment from the Segment Date to Segment Maturity, using a 365-day year, at an annual rate equal to the Segment Guaranteed Interest Rate shown in the Policy Specifications. The amount of such interest is called the Segment Guaranteed Interest.
