Common use of Variable Account Contract Value Clause in Contracts

Variable Account Contract Value. The variable account contract value at any time will be the sum of the value of the units in any variable subaccount resulting from: (1) purchase payments and any purchase payment credit allocated to a subaccount; plus (2) any amounts transferred to a subaccount from another subaccount or from the fixed account; less (3) any amounts transferred from a subaccount to another subaccount or to the fixed account; less; (4) any amounts deducted from a subaccount for charges or withdrawals.