Common use of VALUE OF EACH VARIABLE ANNUITY UNIT Clause in Contracts

VALUE OF EACH VARIABLE ANNUITY UNIT. The value of an Annuity Unit may increase or decrease from one month to the next. For any month, the value of an Annuity Unit of a particular Variable Portfolio is the value of that Annuity Unit as of the last NYSE business day of the preceding month, multiplied by the Net Investment Factor for that Variable Portfolio for the last NYSE business day of the current month. The Net Investment Factor for any Variable Portfolio for a certain month is determined by dividing (1) by (2) and multiplying by (3) where: (1) is the Accumulation Unit Value of the Variable Portfolio determined as of the last business day at the end of that month, and (2) is the Accumulation Unit Value of the Variable Portfolio determined as of the last business day at the end of the preceding month, and (3) is a factor that neutralizes the assumed investment rate of 3.5%.

VALUE OF EACH VARIABLE ANNUITY UNIT. The value of an Annuity Unit may increase or decrease from one month to the next. For any month, the value of an Annuity Unit of a particular Variable Portfolio is the value of that Annuity Unit as of the last NYSE business day of the preceding month, multiplied by the Net Investment Factor for that Variable Portfolio for the last NYSE business day of the current month. The Net Investment Factor for any Variable Portfolio for a certain month is determined by dividing (1) by (2) and multiplying by (3) where: (1) is the Accumulation Unit Value of the Variable Portfolio determined as of the last business day at the end of that month, and (2) is the Accumulation Unit Value of the Variable Portfolio determined as of the last business day at the end of the preceding month, and (3) . The result is then multiplied by a factor that neutralizes the assumed investment rate of 3.5%.

VALUE OF EACH VARIABLE ANNUITY UNIT. The value of an Annuity Unit may increase or decrease from one month to the next. For any month, the value of an Annuity Unit of a particular Variable Portfolio is the value of that Annuity Unit as of the last NYSE business day of the preceding month, multiplied by the Net Investment Factor for that Variable Portfolio for the last NYSE business day of the current month. The Net Investment Factor for any Variable Portfolio for a certain month is determined by dividing (1) by (2) and multiplying by (3) where: (1) is the Accumulation Annuity Unit Value of the Variable Portfolio determined as of the last business day at the end of that month, and, (2) is the Accumulation Annuity Unit Value of the Variable Portfolio determined as of the last business day at the end of the preceding month., and (3) is a factor that neutralizes the assumed investment rate of 3.5%.

VALUE OF EACH VARIABLE ANNUITY UNIT. The value of an Annuity Unit may increase or decrease from one month to the next. For any month, the value of an Annuity Unit of a particular Variable Portfolio is the value of that Annuity Unit as of the last NYSE business day of the preceding AS-993 (12/10) month, multiplied by the Net Investment Factor for that Variable Portfolio for the last NYSE business day of the current month. The Net Investment Factor for any Variable Portfolio for a certain month is determined by dividing (1) by (2) and multiplying by (3) where: (1) is the Accumulation Unit Value of the Variable Portfolio determined as of the last business day at the end of that month, and (2) is the Accumulation Unit Value of the Variable Portfolio determined as of the last business day at the end of the preceding month, and (3) is a factor that neutralizes the assumed investment rate of [3.5%].

VALUE OF EACH VARIABLE ANNUITY UNIT. The value of an Annuity Unit may increase or decrease from one month to the next. For any month, the value of an Annuity Unit of a particular Variable Portfolio is the value of that Annuity Unit as of the last NYSE business day of the preceding month, multiplied by the Net Investment Factor for that Variable Portfolio for the last NYSE business day of the current month. The Net Investment Factor for any Variable Portfolio for a certain month is determined by dividing (1) by (2) and multiplying by (3) where: (1) is the Accumulation Unit Value of the Variable Portfolio determined as of the last business day at the end of that month, and (2) is the Accumulation Unit Value of the Variable Portfolio determined as of the last business day at the end of the preceding month, and (3) . The result is then multiplied by a factor that neutralizes the assumed investment rate of [3.5%].

VALUE OF EACH VARIABLE ANNUITY UNIT. The value of an Annuity Unit may increase or decrease from one month to the next. For any month, the value of an Annuity Unit of a particular Variable Portfolio is the value of that Annuity Unit as of the last NYSE business day of the preceding month, multiplied by the Net Investment Factor for that Variable Portfolio for the last NYSE business day of the current month. The Net Investment Factor for any Variable Portfolio for a certain month is determined by dividing (1) by (2) and multiplying by (3) where: (1) is the Accumulation Unit Value of the Variable Portfolio determined as of the last business day at the end of that month, and; (2) is the Accumulation Unit Value of the Variable Portfolio determined as of the last business day at the end of the preceding month, and (3) . The result is then multiplied by a factor that neutralizes the assumed investment rate of 3.5%.