The Accumulation Value. On the Contract Date, the Contract’s Accumulation Value equals the Initial Premium paid less any premium tax, if applicable. At any time after the Contract Date, the Contract’s Accumulation Value equals the sum of the Accumulation Value for each Allocation of Premium and Reallocation to a Strategy and associated Index, where applicable. The Accumulation Value for each Strategy and Index is calculated separately as set forth in Section 5 of this Contract.
The Accumulation Value. In the case where a death benefit "step-up" is credited to the Accumulation Value under:
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. ICC12 IL-IA-4030
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:
The Accumulation Value. 3. 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-
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:
