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. This subsection describes how we calculate the Accumulated Value in each Variable Account. Assets in each Variable Account are divided into Accumulation Units, which are measures of value used for bookkeeping purposes. We credit your policy with Accumulation Units in each Variable Account as a result of: · the amount of any Net Premium received and allocated to the Variable Account; and · transfers of Accumulated Value to the Variable Account, including transfers from the Loan Account. We debit Accumulation Units in each Variable Account as a result of: · transfers from the Variable Account, including transfers to the Loan Account; · surrender and withdrawals from the Variable Account; and · 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 for 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. The Unit Value of each Variable Account initially was $10. The Unit Value of each Variable Account is determined on each Valuation Date. To calculate the Unit Value of a Variable Account on any Valuation Date, we adjust the Unit Value from the previous Valuation Date for: · any dividends or distributions paid to the Variable Account; · the investment performance of the Variable Account, which is based on the investment performance of the corresponding portfolio and includes expenses related to the portfolio’s management; · charges, if any, that may be assessed by us for income taxes attributable to the operation of the Variable Account. Loan Account – The Loan Account is the amount set aside to secure Policy Debt. We will credit interest to the Loan Account on a daily basis using a 365-day year, at a rate equivalent to the annual rate shown in the Policy Specifications as the Minimum Guaranteed Interest Rate for Fixed Options. At our discretion, we may credit a higher rate of interest on the Loan Account. The amount in the Loan Account on any Valuation Date is the following, including interest on each: · the amount in the Loan Account as of the end of the prior Monthly Payment Date; · plus any loan taken since the prior Monthly Payment Date; and · minus any loan amount repaid since the prior Monthly Payment Date. On each policy anniversary, if the amount in the Loan Account exceeds Policy Debt, the excess will be transferred from the Loan Account to the Investment Options according to your most recent premium allocation instructions, and if Policy Debt exceeds the amount in the Loan Account, the excess will be transferred from the Investment Options on a proportionate basis to the Loan Account.

Variable Accumulated Value. The Variable Accumulated Value is the sum of the your policy’s Accumulated Value in each Variable Account. This subsection describes how we calculate the your policy’s Accumulated Value in each Variable Account. Assets in each Variable Account are divided into Accumulation Units, which are measures a measure of value used for bookkeeping purposes. We credit your policy with Accumulation Units in each Variable Account as a result of: · • the amount of any Net Premium received and allocated to the Variable Account; and · • transfers of Accumulated Value to the Variable Account, including transfers from the Loan Account. We debit Accumulation Units in each Variable Account as a result of: · • transfers from the Variable Account, including transfers to the Loan Account; · surrender • Surrenders and withdrawals from the Variable Account; and · • 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 for a transaction, we divide the dollar amount of the transaction by the Unit Value of the affected Variable Account. To determine your policy’s 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. The Unit Value At the inception of each Variable Account initially the Unit Value was $10. The Unit Value of each Variable Account is determined adjusted on each Valuation Date. To calculate the Unit Value of a Variable Account on any Valuation Date, we adjust multiply the Unit Value from the previous Valuation Date for: · any dividends or distributions paid to by the Variable Account; · the investment performance of the Variable Account, which is based on the investment performance of the corresponding portfolio and includes expenses related to the portfolio’s management; · charges, if any, that may be assessed by us for income taxes attributable to the operation of the Variable Account. Loan Account – The Loan Account is the amount set aside to secure Policy Debt. We will credit interest to the Loan Account on a daily basis using a 365-day year, at a rate equivalent to the annual rate shown in the Policy Specifications as the Minimum Guaranteed Interest Rate for Fixed Options. At our discretion, we may credit a higher rate of interest on the Loan AccountNet Investment Factor. The amount in the Loan Net Investment Factor for a Variable Account on any Valuation Date is the following(a) minus (b), including interest on each: · the amount in the Loan Account as of the end of the prior Monthly Payment Date; · plus any loan taken since the prior Monthly Payment Date; and · minus any loan amount repaid since the prior Monthly Payment Date. On each policy anniversarydivided by (c), if the amount in the Loan Account exceeds Policy Debt, the excess will be transferred from the Loan Account to the Investment Options according to your most recent premium allocation instructions, and if Policy Debt exceeds the amount in the Loan Account, the excess will be transferred from the Investment Options on a proportionate basis to the Loan Account.where:

Variable Accumulated Value. The Variable Accumulated Value is the sum of the your policy’s Accumulated Value in each Variable Account. This subsection describes how we calculate the your policy’s Accumulated Value in each Variable Account. Assets in each Variable Account are divided into Accumulation Units, which are measures a measure of value used for bookkeeping purposes. We credit your policy with Accumulation Units in each Variable Account as a result of: · the amount of any Net Premium received and allocated to the Variable Account; and · transfers of Accumulated Value to the Variable Account, including transfers from the Loan Account. We debit Accumulation Units in each Variable Account as a result of: · transfers from the Variable Account, including transfers to the Loan Account; · surrender Surrenders and withdrawals from the Variable Account; and · 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 for a transaction, we divide the dollar amount of the transaction by the Unit Value of the affected Variable Account. To determine your policy’s 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. The Unit Value At the inception of each Variable Account initially the Unit Value was $10. The Unit Value of each Variable Account is determined adjusted on each Valuation Date. To calculate the Unit Value of a Variable Account on any Valuation Date, we adjust multiply the Unit Value from the previous Valuation Date for: · any dividends or distributions paid to by the Variable Account; · the investment performance of the Variable Account, which is based on the investment performance of the corresponding portfolio and includes expenses related to the portfolio’s management; · charges, if any, that may be assessed by us for income taxes attributable to the operation of the Variable Account. Loan Account – The Loan Account is the amount set aside to secure Policy Debt. We will credit interest to the Loan Account on a daily basis using a 365-day year, at a rate equivalent to the annual rate shown in the Policy Specifications as the Minimum Guaranteed Interest Rate for Fixed Options. At our discretion, we may credit a higher rate of interest on the Loan AccountNet Investment Factor. The amount in the Loan Net Investment Factor for a Variable Account on any Valuation Date is the following(a) minus (b), including interest on each: · the amount in the Loan Account as of the end of the prior Monthly Payment Date; · plus any loan taken since the prior Monthly Payment Date; and · minus any loan amount repaid since the prior Monthly Payment Date. On each policy anniversarydivided by (c), if the amount in the Loan Account exceeds Policy Debt, the excess will be transferred from the Loan Account to the Investment Options according to your most recent premium allocation instructions, and if Policy Debt exceeds the amount in the Loan Account, the excess will be transferred from the Investment Options on a proportionate basis to the Loan Account.where:

Variable Accumulated Value. The Variable Accumulated Value is the sum of the Accumulated Value in each Variable Account. This subsection describes how we calculate the Accumulated Value in each Variable Account. Assets in each Variable Account are divided into Accumulation Units, which are measures of value used for bookkeeping purposes. We credit your policy with Accumulation Units in each Variable Account as a result of: · • the amount of any Net Premium received and allocated to the Variable Account; and · • transfers of Accumulated Value to the Variable Account, including transfers from the Loan Account. We debit Accumulation Units in each Variable Account as a result of: · • transfers from the Variable Account, including transfers to the Loan Account; · • surrender and withdrawals from the Variable Account; and · • 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 for 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. The Unit Value of each Variable Account initially was $10. The Unit Value of each Variable Account is determined on each Valuation Date. To calculate the Unit Value of a Variable Account on any Valuation Date, we adjust the Unit Value from the previous Valuation Date for: · • any dividends or distributions paid to the Variable Account; · • the investment performance of the Variable Account, which is based on the investment performance of the corresponding portfolio and includes expenses related to the portfolio’s management; · • charges, if any, that may be assessed by us for income taxes attributable to the operation of the Variable Account. Loan Account – The Loan Account is the amount set aside to secure Policy Debt. We will credit interest to the Loan Account on a daily basis using a 365-day year, at a rate equivalent to the annual rate shown in the Policy Specifications as the Minimum Guaranteed Interest Rate for Fixed Options. At our discretion, we may credit a higher rate of interest on the Loan Account. The amount in the Loan Account on any Valuation Date is the following, including interest on each: · • the amount in the Loan Account as of the end of the prior Monthly Payment Date; · • plus any loan taken since the prior Monthly Payment Date; and · • minus any loan amount repaid since the prior Monthly Payment Date. On each policy anniversary, if the amount in the Loan Account exceeds Policy Debt, the excess will be transferred from the Loan Account to the Investment Options according to your most recent premium allocation instructions, and if Policy Debt exceeds the amount in the Loan Account, the excess will be transferred from the Investment Options on a proportionate basis to the Loan Account.