The Accumulation Value Sample Clauses

The Accumulation Value. In the case where a death benefit "step-up" is credited to the Accumulation Value under: a.) spousal continuation, the Net Amount at Risk shall be the "step-up" amount. Reinsurance coverage shall continue after such reimbursement, with the Net Amount at Risk calculated as above. b.) non-spousal continuation, the Net Amount at Risk shall be the "step-up" amount. Reinsurance coverage will terminate after such reimbursement. EXHIBIT A MGDB BENEFIT

The Accumulation Value. On the Contract Date, the Accumulation Value of this Contract equals the Single Premium paid less any premium tax, if applicable. At the end of each day thereafter, the Accumulation Value for this Contract will equal: (1) the Accumulation Value as of the end of the preceding day, plus (2) the interest, if any, pursuant to the Guarantee Period Interest Rate to be credited from the end of the previous day to the end of the current day, minus (3) the amount of any Withdrawals or Surrender, adjusted for any applicable Market Value Adjustment as set forth in Section 5.4 and less any applicable Surrender Charge as set forth in Section 5.5, at the end of the current day on which the Withdrawal is taken or a Surrender occurs.

The Accumulation Value. The Step-Up Benefit (as defined below), plus Purchase Payments made, less withdrawals (and charges associated with such withdrawals) since the last Step-Up Anniversary (as defined below). Form 15208-95 The Step-Up Benefit at issue is the initial Purchase Payment. As of each Step-Up Anniversary, the then current Accumulation Value is compared to the prior Step-Up Benefit increased by Purchase Payments made, less withdrawals (and charges associated with such withdrawals) since the last Step-Up Anniversary. The greater of these becomes the new Step-Up Benefit. The Step-Up Anniversaries are every 6th Contract Anniversary for the duration of the Contract (i.e., the 6th, 12th, 18th, etc.). The amount payable to the Beneficiary is the Enhanced Death Benefit as calculated above minus any taxes incurred but not deducted. ANNUITY PAYMENTS ELECTION AND CHANGES OF ANNUITY DATE The Annuity Date may be elected on your application, but may not be earlier than the second Contract Anniversary. If no Annuity Date is elected in the application, the Annuity Date will be the first day of the month following the Annuitant's 85th birthday or on the first day of the month following the tenth Contract Anniversary, whichever occurs later. You may change the Annuity Date at any time prior to 60 days prior to the Annuity Date currently elected by Written Notice. ELECTION AND CHANGES OF ANNUITY PAYMENT OPTION The Owner elects the Annuity Payment Option. Once elected, the Owner may change the Annuity Payment Option at any time prior to the Annuity Date. In selecting an Annuity Payment Option, the Owner must determine whether the payments will be variable or fixed in amount. If variable, the Owner must determine from which Subaccounts variable Annuity Payments are to be made. The Owner may select a combination of fixed and variable payments as described below. If the Owner has not chosen an Annuity Payment Option and if the Annuitant is living on the Annuity Date, then:

The Accumulation Value. The Accumulation Value of this Contract is the sum of the Accumulation Values in each of the Sub- accounts. Each Sub-account is valued at the close of each Business Day for the preceding Valuation Period. On the Contract Date, the Accumulation Value in each Sub-account equals the Initial Premium allocated to that Sub-account, less premium tax if applicable. (1) We start with the Accumulation Value in the Sub-account at the close of the preceding Business Day. (2) We multiply (1) by the Sub-account’s Net Return Factor, explained below, for the current Valuation Period. (3) We add or subtract transfers to or from that Sub-account during the current Valuation Period. (4) We subtract from (3) any Withdrawals during the current Valuation Period. (5) We subtract from (4) any charges, other than daily charges, or applicable taxes including any premium taxes not previously deducted, allocated to that Sub-account for any deductions from Accumulation Value as shown in the Contract Schedule. Sub-account’s Net Return Factor The Net Return Factor for each Sub-account is calculated as follows: (1) We take the net asset value of the Investment Portfolio in which the Sub-account invests at the close of the current Business Day. (2) We add to (1) the amount of any dividend or capital gains distribution declared for the Investment Portfolio and reinvested in such Investment Portfolio during the current Valuation Period. (3) We divide (2) by the net asset value of the Investment Portfolio at the close of the preceding Business Day. (4) We subtract the daily mortality & expense risk charge set forth in the Contract Schedule for each Sub- account for each day in the current Valuation Period. Calculations for Sub-accounts investing in unit investment trusts are on a per unit basis.

The Accumulation Value. The Accumulation Value of this Contract is the sum of the Accumulation Values in each of the Sub-

The Accumulation Value. On the Policy Date, the Accumulation Value equals: o The first Net Premium paid; minus o The Monthly Deduction for the first Policy Month. After the Policy Date, the Accumulation Value equals the sum of the amounts in the Investment Options. The Accumulation Value in the Variable Account is the sum of the Accumulation Values in each of the Variable Options chosen. The Accumulation Value in each Variable Option is equal to the Accumulation Unit value for that Variable Option multiplied by the Accumulation Units in that Variable Option. The Accumulation Value in the Fixed Account on any specified date is equal to (a) plus (b) plus (c) minus (d) minus (e) where: (a) Is the Accumulation Value in the Fixed Account on the last Monthly Anniversary Date, plus interest from the Monthly Anniversary Date to the specified date; (b) Is any Net Premiums credited to and any transfers made to the Fixed Account since the last Monthly Anniversary Date, plus interest from the date of the Net Premiums or transfer to the specified date; (c) Is any Policy loan amounts transferred from the Variable Account since the last Monthly Anniversary Date, plus interest from the date of the loan to the specified date; (d) Is any transfers from the Fixed Account to the Variable Account since the last Monthly Anniversary Date, plus interest from the date of the transfer to the specified date; (e) Is the Gross Partial Surrender Amounts from the Fixed Account since the last Monthly Anniversary Date, plus interest from the date of the surrender to the specified date. If the specified date is a Monthly Anniversary Date, the Accumulation Value is reduced by the Monthly Deduction deducted from the Fixed Account. The guaranteed interest rate applied in the calculation of the Accumulation Value in the Fixed Account is specified in the Schedule Page. Interest in excess of the guaranteed rate may be applied to the Unloaned Accumulation Value in the Fixed Account.

The Accumulation Value. The Accumulation Value of this Contract is the sum of the Accumulation Values in each of the variable sub-accounts. Each variable sub-account is valued at the close of each Business Day for the preceding Valuation Period. On the Contract Date, the Accumulation Value in each variable sub-account equals the Initial Premium allocated to that variable sub-account, less premium tax if applicable. ICC10 IU-IA-4027 11 At the close of each Business Day thereafter, the Accumulation Value in each variable sub-account is calculated as follows: (1) We start with the Accumulation Value in the variable sub-account at the close of the preceding Business Day. (2) We multiply (1) by the variable sub-account’s Net Return Factor, explained below, for the current Valuation Period. (3) We add to (2) any Additional Premium accepted, less premium taxes if applicable, to the variable sub-account during the current Valuation Period. (4) We add or subtract transfers to or from that variable sub-account during the current Valuation Period. (5) We subtract from (4) any Withdrawals during the current Valuation Period. (6) We subtract from (5) any charges, other than daily charges, or applicable taxes including any premium taxes not previously deducted, allocated to that variable sub-account for any deductions from Accumulation Value as shown in the Contract Schedule.