Common use of Variable Account Clause in Contracts

Variable Account. The Variable Account is shown on the Allocation Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Options you select. L40538-NY03 7 Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s applicable agreements and reserves for annuities. Contract Value How the Variable Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, Transfers, Withdrawals, the deduction of contract fees and charges, and the investment performance of the Variable Options you select. We place Purchase Payments you allocate to the Variable Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s Accumulation Unit Value and then adding these results together.

Variable Account. The Variable Account is shown on the Allocation Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Options you select. L40538-NY03 7 Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s applicable agreements and reserves for annuities. L40538-NY 7 Contract Value How the Variable Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, Transfers, Withdrawals, the deduction of contract fees and charges, and the investment performance of the Variable Options you select. We place Purchase Payments you allocate to the Variable Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s Accumulation Unit Value and then adding these results together.

Variable Account. The Variable Account is shown on the Allocation Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s 's applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Options you selectOptions. L40538-NY03 7 NF-NY Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-non- insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s 's applicable agreements and reserves for annuities. Contract Value How the Variable Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, Transfers, Withdrawals, the deduction of contract fees and charges, and the investment performance of the Variable Options you select. We place Purchase Payments you allocate to the Variable Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s 's Accumulation Unit Value and then adding these results together.

Variable Account. The Variable Account is shown on the Allocation Investment Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Accounts and Investment Options you select. L40538-NY03 7 Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s applicable agreements and reserves for annuities. Contract Value Values How the Variable Account Value increases Values increase and decreases The Variable decrease Account Value increases Values increase and decreases decrease based on Purchase Payments, Transfers, Withdrawals, the deduction of contract fees and charges, and the investment performance of the Variable Investment Options you select. We place Purchase Payments you allocate to the Variable Accounts and Investment Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable OptionInvestment Option within an Account. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine each Account Value in the Variable Account Value by multiplying the number of subaccount Accumulation Units in an Account by the subaccount’s Accumulation Unit Value and then adding these results together.. L40537-NY 5 Account Values continued from previous page

Variable Account. The Variable Account is shown on the Allocation Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Accounts and Investment Options you select. L40538-NY03 7 Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s applicable agreements and reserves for annuities. Contract Value Values How the Variable Account Value increases Values increase and decreases The Variable decrease Account Value increases Values increase and decreases decrease based on Purchase Payments, Transfers, Withdrawals, the deduction of contract and rider fees and charges, and the investment performance of the Variable Investment Options you select. We place Purchase Payments you allocate to the Variable Accounts and Investment Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable OptionInvestment Option within an Account. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine each Account Value in the Variable Account Value by multiplying the number of subaccount Accumulation Units in an Account by the subaccount’s Accumulation Unit Value and then adding these results together.. Account Values continued from previous page

Variable Account. The Variable Account is shown on the Allocation Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s 's applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Options you select. L40538-NY03 7 NY01 Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s 's applicable agreements and reserves for annuities. Contract Value How the Variable Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, Transfers, Withdrawals, the deduction of contract fees and charges, and the investment performance of the Variable Options you select. We place Purchase Payments you allocate to the Variable Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s 's Accumulation Unit Value and then adding these results together.

Variable Account. The Variable Account is shown on the Allocation Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided placed into subaccounts corresponding to subaccount(s) which invest in the Variable Options you selectOption. L40538-NY03 7 Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-non- insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s applicable agreements and reserves for annuities. Contract Value How the Variable Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, Transfers, WithdrawalsWithdrawals (including any Withdrawal Charges), the deduction of contract fees and chargesContract Charges, and the investment performance of the Variable Options you selectOption. We place Purchase Payments you allocate to the Variable Options Option into subaccounts a subaccount of the Variable Account. Each subaccount invests exclusively in one Variable Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each a subaccount as a result of Purchase Payments, WithdrawalsWithdrawals (including any Withdrawal Charges), Transfers, or the deduction of contract and rider fees and chargesContract Charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s Accumulation Unit Value and then adding these results together.

Variable Account. The Variable Account is shown on the Allocation Investment Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Investment Options you select. L40538-NY03 7 Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s applicable agreements and reserves for annuities. Contract Value How the Variable Account Contract Value increases and decreases The Variable Account Contract Value increases and decreases based on Purchase Payments, Transfers, Withdrawals, the deduction of contract and rider fees and charges, and the investment performance of the Variable Investment Options you select. We place Purchase Payments you allocate to the Variable Investment Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable Investment Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine the Contract Value in the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s Accumulation Unit Value and then adding these results together.

Variable Account. The Variable Account is shown on the Allocation Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s 's applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Options you select. L40538-NY03 7 NY017 Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s 's applicable agreements and reserves for annuities. Contract Value How the Variable Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, Transfers, Withdrawals, the deduction of contract fees and charges, and the investment performance of the Variable Options you select. We place Purchase Payments you allocate to the Variable Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s 's Accumulation Unit Value and then adding these results together.

Variable Account. The Variable Account is shown on the Allocation Variable Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves and other liabilities of this contract and all other contracts issued through the Variable Account, will not be charged with liabilities arising out of any other business we may conduct. We will maintain, in the Variable Account, assets with a value at least equal to the amounts accumulated in accordance with the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Options you select. L40538-NY03 7 Index Account The Index Account is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s applicable agreements and reserves for annuities. Contract Value How the Variable Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, Transfers, Withdrawals, the deduction of contract fees and charges, and the investment performance of the Variable Options you select. We place Purchase Payments you allocate to the Variable Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Variable Option. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine the Variable Account Value by multiplying the number of subaccount Accumulation Units by the subaccount’s Accumulation Unit Value and then adding these results together.

Variable Account. GENERAL DESCRIPTION - The name of the Variable Account is shown on in the Allocation Options Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. Income, gains, and losses, whether or not realized, from assets allocated to the Variable Account will be credited to or charged against such account without regard to other income, gains, and losses of the Company. The assets of the Variable Account, equal to reserves Account and other liabilities of this contract and all other contracts issued through each Subaccount are Our property but are not chargeable with the Variable Account, will not be charged with liabilities arising out of any other business we We may conduct. We will maintain, in the Variable Account, assets with a value at least equal except to the amounts accumulated in accordance with extent that Variable Account assets exceed Variable Account liabilities arising under the Variable Account’s applicable agreements and reserves for annuities in the course of payment that vary with the investment experience of contracts supported by the Variable Account. The Variable Account assets are divided into subaccounts corresponding to the Variable Options you select. L40538-NY03 7 Index Account The Index Account and each Subaccount is shown on the Allocation Options Contract Schedule. The Index Account is an unregistered, non-unitized, non-insulated separate account. It consists of assets we have set aside and have kept separate from the rest of our assets Our General Account and those of our any other separate accountsaccount or Subaccount We may have. We will maintain, in the Index Account, assets with a value at least equal to the amounts accumulated in accordance with the Index Account’s applicable agreements and reserves for annuities. Contract Value How the Variable Account Value increases and decreases INVESTMENT ALLOCATIONS TO THE VARIABLE ACCOUNT - The Variable Account Value increases consists of Subaccounts and decreases based on Purchase Payments, Transfers, Withdrawals, the deduction each Subaccount may invest its assets in a separate class of contract fees and charges, and the shares of a designated investment performance of the Variable Options you selectcompany or companies. We place Purchase Payments you allocate have the right to change, add or delete designated investment companies. We have the Variable Options into subaccounts of right to add or remove Subaccounts. We also have the right to combine any two or more Subaccounts. VALUATION OF ASSETS - Assets within each Subaccount will be valued at their net asset value on each Valuation Date. CONTRACT VALUE - Premiums are allocated among the various Subaccounts within the Variable Account. Each subaccount invests exclusively in one Variable OptionFor each Subaccount, the Premiums are converted into Accumulation Units. We use The number of Accumulation Units credited to account for all amounts the contract is determined by dividing the Premiums allocated to or withdrawn from the Subaccount by the value of the Accumulation Unit for the Subaccount. Surrenders will result in the cancellation of Accumulation Units. The value of the contract is the sum of the values for the contract within each subaccount as a result Subaccount and the Guaranteed Account. The value of Purchase Payments, Withdrawals, Transfers, or the deduction of contract and rider fees and charges. We determine the Variable Account Value each Subaccount is determined by multiplying the number of subaccount Accumulation Units attributable to the Subaccount by the subaccount’s Accumulation Unit Value and then adding these results togethervalue for the Subaccount, independent of the value of any other Subaccount.