Common use of SEPARATE ACCOUNT ALLOCATION Clause in Contracts

SEPARATE ACCOUNT ALLOCATION. Amounts allocated to the sub-accounts of the Separate Account will be applied by Minnesota Mutual to provide accumulation units. Minnesota Mutual will determine the number of accumulation units by dividing the purchase payment by the then current accumulation unit value. That determination will be made as of the Valuation Date coincident with or next following the date on which such purchase payment is received by Minnesota Mutual at its Home Office, and shall be made separately for purchase payments allocated to each of the sub-accounts. The number of accumulation units so determined shall not be affected by any subsequent change in the accumulation unit value. The Separate Account is divided into sub-accounts. For each sub-account there is a Fund for the investment of that sub-account's assets. Amounts are invested in the Funds at their net asset value. Purchase payments may be applied to one or more of the sub-accounts. Minnesota Mutual reserves the right to add, combine or remove any sub-accounts of the Separate Account. If investment in a Fund should no longer be possible or if Minnesota Mutual determines it to be inappropriate for contracts of this class, another Fund may be substituted. Substitution may be with respect to existing Accumulation Values, future purchase payments and future Annuity Payments.