Common use of Variable Accumulated Value Clause in Contracts

Variable Accumulated Value. The Variable Accumulated Value is the sum of the Accumulated Value in each Variable Account. We calculate the Accumulated Value in each Variable Account as follows. Assets in each Variable Account are divided into Accumulation Units, which are measures of value for bookkeeping purposes. We credit Accumulation Units to each Variable Account as a result of: • The amount of any Net Premium received and allocated to the Variable Account; and • Transfers to the Variable Account, including transfers from the Loan Account. We debit Accumulation Units from each Variable Account as a result of: • Transfers from the Variable Account, including transfers to the Loan Account; and • Account Deductions from the Variable Account. To determine the number of Accumulation Units debited or credited to a Variable Account as a result of a transaction, we divide the dollar amount of the transaction by the Unit Value of the affected Variable Account. To determine your Accumulated Value in each Variable Account, we multiply the number of Accumulation Units in the Variable Account by the Unit Value of the Variable Account. The number of Accumulation Units in each Variable Account will not change because of subsequent changes in Unit Value.

Variable Accumulated Value. The Variable Accumulated Value is the sum of the Accumulated Value in each Variable Account. We calculate the Accumulated Value in each Variable Account as follows. Assets in each Variable Account are divided into Accumulation Units, which are measures of value for bookkeeping purposes. We credit Accumulation Units to each Variable Account as a result of: • The the amount of any Net Premium received and allocated to the Variable Account; and • Transfers transfers to the Variable Account, including transfers from the Loan Account. We debit Accumulation Units from each Variable Account as a result of: • Transfers transfers from the Variable Account, including transfers to the Loan Account; • surrender and withdrawals from the Variable Account; and • Account Deductions from the Monthly Deduction and other deductions due, if any, and assessed against the Variable Account. To determine the number of Accumulation Units debited or credited to a Variable Account as a result of a transaction, we divide the dollar amount of the transaction by the Unit Value of the affected Variable Account. To determine your Accumulated Value in each Variable Account, we multiply the number of Accumulation Units in the Variable Account by the Unit Value of the Variable Account. The number of Accumulation Units in each Variable Account will not change because of subsequent changes in Unit Value.

Variable Accumulated Value. The Variable Accumulated Value is the sum of the Accumulated Value in each Variable Account. We calculate the Accumulated Value in each Variable Account as follows. Assets in each Variable Account are divided into Accumulation Units, which are measures of value for bookkeeping purposes. We credit Accumulation Units to each Variable Account as a result ofof each of the following: • The amount of any Net Premium received and allocated to the Variable Account; and • Transfers to the Variable Account, including transfers from the Loan Account. We debit Accumulation Units from each Variable Account as a result ofof each of the following: • Transfers from the Variable Account, including transfers to the Loan Account; and • Account Deductions from the Variable Account. To determine the number of Accumulation Units debited or credited to a Variable Account as a result of a transaction, we divide the dollar amount of the transaction by the Unit Value of the affected Variable Account. ICC15 P15PVA To determine your Accumulated Value in each Variable Account, we multiply the number of Accumulation Units in the Variable Account by the Unit Value of the Variable Account. The number of Accumulation Units in each Variable Account will not change because of subsequent changes in Unit Value.