Common use of Allocation of Purchase Payments Clause in Contracts

Allocation of Purchase Payments. We place Purchase Payments in the Interim Fund(s) until the Index Effective Date. If the Issue Date is the Index Effective Date, we then allocate Purchase Payments to one or more of the Index Options according to your allocation instructions. However, if we exercise our right to allocate to the Interim Fund(s) during the Right to Examine Period, we will allocate the Initial Purchase Payment to the Interim Fund(s) until the end of the Right to Examine Period. If your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the Right to Examine Period that is not the 29th, 30th or 31st of the month. We will then allocate your Contract Value among your selected Index Options according to your allocation instructions on the Index Effective Date. If the Issue Date is not the Index Effective Date, any Purchase Payment that we receive before the Index Effective Date, we place in the Interim Fund(s) until the Index Effective Date. We will then allocate your Contract Value among your selected Index Options according to your allocation instructions on the Index Effective Date. L40538-01 [Admin. Tracking Identifier] Purchase Payments continued from the previous page We will place any Additional Purchase Payments we receive after the Index Effective Date in the Interim Fund(s) until the next Index Anniversary. On the next Index Anniversary, we will allocate the Variable Account Value held in the Interim Fund(s) and any Additional Purchase Payments we receive before the end of the Business Day on the Index Anniversary among your selected Index Options according to your allocation instructions. If the Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. If at any time we have more than one Interim Fund available, you may elect which Interim Fund to which you would like to have your Initial and any Additional Purchase Payments allocated. Your allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules.

Allocation of Purchase Payments. We place Purchase Payments in the Interim Fund(s) until the Index Effective Date. If the Issue Date is also the Index Effective Date, on the Issue Date we then allocate Purchase Payments to one or more of the Index Allocation Options according to your allocation instructions. However, if we exercise our right to allocate to the Interim Fund(s) during the Right to Examine Period, we will allocate the Initial Purchase Payment to the Interim Fund(s) until the end of the Right to Examine Period. If your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the Right to Examine Period that is not the 29th, 30th or 31st of the month. We will then allocate your Contract Value among your selected Index Options according to your allocation instructions on the Index Effective Date. If the Issue Date is not the Index Effective Date, any on the Issue Date we allocate Purchase Payment that we receive Payments to the Variable Option until the Index Effective Date. Any Additional Purchase Payments received after the Issue Date but before the Index Effective Date will also be allocated to the Variable Option. On the Index Effective Date, we place in the Interim Fund(s) until the Index Effective Date. We will then allocate your Contract Value and any Additional Purchase Payments received before the end of the Business Day among your selected Index Allocation Options according to your allocation instructions on the Index Effective Dateinstructions. L40538-01 [Admin. Tracking Identifier] 01-NY Purchase Payments continued from the previous page We Allocation of Purchase Payments (continued) Except as provided in the Early Reallocation section, we will place any Additional Purchase Payments we receive after the Index Effective Date in the Interim Fund(s) Variable Option until the next Index Anniversary. The Additional Purchase Payments held in the Variable Option remain subject to the investment performance of the Variable Option as described in the Contract Value section, and will be reduced by any Withdrawals and applicable Contract Charges. On the next Index Anniversary, we will allocate the Variable Account Value held Additional Purchase Payments remaining in the Interim Fund(s) Variable Option and any Additional Purchase Payments we receive before the end of the Business Day on the Index Anniversary among your selected Index Allocation Options according to your allocation instructions. If the Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. If at any time we have more than one Interim Fund available, you may elect which Interim Fund to which you would like to have your Initial and any Additional Purchase Payments allocated. Your allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules.

Allocation of Purchase Payments. We place Purchase Payments in the Interim Fund(s) until the Index Effective Date. If the Issue Date is the Index Effective Date, we then allocate Purchase Payments to one or more of the Index Allocation Options according to your Index Effective Date allocation instructions. However, if we exercise our right to allocate to the Interim Fund(s) during the Right to Examine Period, we will allocate the Initial Purchase Payment to the Interim Fund(s) until the end of the Right to Examine Period. If your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the Right to Examine Period that is not the 29th, 30th or 31st of the month. We will then allocate rebalance your Contract Value among your selected Index Allocation Options according to your Index Effective Date allocation instructions on the Index Effective Date. If the Issue Date is not the Index Effective Date, any Purchase Payment that we receive before the Index Effective Date, we place in the Interim Fund(s) until the Index Effective Date. We will then allocate rebalance your Contract Value among your selected Index Allocation Options according to your Index Effective Date allocation instructions on the Index Effective Date. L40538-01 [Admin. Tracking Identifier] Purchase Payments continued from the previous page We will place any Additional Purchase Payments we receive after the Index Effective Date in the Interim Fund(s) until the next Index Anniversary. On the next Index Anniversary, we will allocate the Variable Account rebalance your Contract Value held in the Interim Fund(s) and any Additional Purchase Payments we receive before the end of the Business Day on the Index Anniversary among your selected Index Allocation Options according to your future allocation instructions. If the Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. If at any time we have more than one Interim Fund available, you may elect which Interim Fund to which you would like to have your Initial and any Additional Purchase Payments allocated. Your future allocation instructions and Index Effective Date allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules. L40538-IAI 5 [Admin Tracking Identifier] Variable Account The Variable Account is shown on the 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. 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. The Variable Account assets are divided into subaccounts corresponding to the Interim Fund(s). Contract Value The Contract Value is equal to the sum of the Index Option Values and the Variable Account Value. The Index Option Values are the values in a selected Index Option as discussed in the attached riders. How the Variable Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, transfers out of the subaccounts, Withdrawals (including any applicable Withdrawal Charges), the deduction of Contract Charges , and the investment performance of the Interim Fund(s). We place Purchase Payments you allocate to the Allocation Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Interim Fund. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals (including any applicable Withdrawal Charges), transfers out of the subaccounts, or the deduction of Contract 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.

Allocation of Purchase Payments. We place Purchase Payments in the Interim Fund(s) until the Index Effective Date. If the Issue Date is also the Index Effective Date, on the Issue Date we then allocate Purchase Payments to one or more of the Index Allocation Options according to your allocation instructions. However, if we exercise our right to allocate to the Interim Fund(s) during the Right to Examine Period, we will allocate the Initial Purchase Payment to the Interim Fund(s) until the end of the Right to Examine Period. If your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the Right to Examine Period that is not the 29th, 30th or 31st of the month. We will then allocate your Contract Value among your selected Index Options according to your allocation instructions on the Index Effective Date. If the Issue Date is not the Index Effective Date, any on the Issue Date we allocate Purchase Payment that we receive Payments to the Variable Option until the Index Effective Date. Any Additional Purchase Payments received after the Issue Date but before the Index Effective Date will also be allocated to the Variable Option. On the Index Effective Date, we place in the Interim Fund(s) until the Index Effective Date. We will then allocate your Contract Value and any Additional Purchase Payments received before the end of the Business Day among your selected Index Allocation Options according to your allocation instructions on the Index Effective Dateinstructions. L40538-01 [Admin. Tracking Identifier] 01-NY Purchase Payments continued from the previous page We Allocation of Purchase Payments (continued) Except as provided in the Early Reallocation section, we will place any Additional Purchase Payments we receive after the Index Effective Date in the Interim Fund(s) Variable Option until the next Index Anniversary. The Additional Purchase Payments held in the Variable Option remain subject to the investment performance of the Variable Option as described in the Contract Value section, and will be reduced by any Withdrawals and applicable Contract Charges. On the next Index Anniversary, we will allocate the Variable Account Value held Additional Purchase Payments remaining in the Interim Fund(s) Variable Option and any Additional Purchase Payments we receive before the end of the Business Day on the Index Anniversary among your selected Index Allocation Options according to your allocation instructions. If the Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. If at any time we have more than one Interim Fund available, you may elect which Interim Fund to which you would like to have your Initial and any Additional Purchase Payments allocated. Your allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules. 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 placed into subaccount(s) which invest in the Variable Option. 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 (including any Withdrawal Charges), the deduction of Contract Charges, and the investment performance of the Variable Option. We place Purchase Payments you allocate to the Variable Option into a subaccount of the Variable Account. We use Accumulation Units to account for all amounts allocated to or withdrawn from a subaccount as a result of Purchase Payments, Withdrawals (including any Withdrawal Charges), Transfers, or the deduction of Contract 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.

Allocation of Purchase Payments. We place Purchase Payments in the Interim Fund(s) until the Index Effective Date. If the Issue Date is the Index Effective Date, we then allocate Purchase Payments to one or more of the Index Allocation Options according to your Index Effective Date allocation instructions. However, if we exercise our right to allocate to the Interim Fund(s) during the Right to Examine Period, we will allocate the Initial Purchase Payment to the Interim Fund(s) until the end of the Right to Examine Period. If your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the Right to Examine Period that is not the 29th, 30th or 31st of the month. We will then allocate rebalance your Contract Value among your selected Index Allocation Options according to your Index Effective Date allocation instructions on the Index Effective Date. If the Issue Date is not the Index Effective Date, any Purchase Payment that we receive before the Index Effective Date, we place in the Interim Fund(s) until the Index Effective Date. We will then allocate rebalance your Contract Value among your selected Index Allocation Options according to your Index Effective Date allocation instructions on the Index Effective Date. L40538-01 [Admin. Tracking Identifier] Purchase Payments continued from the previous page We will place any Additional Purchase Payments we receive after the Index Effective Date in the Interim Fund(s) until the next Index Anniversary. On the next Index Anniversary, we will allocate the Variable Account rebalance your Contract Value held in the Interim Fund(s) and any Additional Purchase Payments we receive before the end of the Business Day on the Index Anniversary among your selected Index Allocation Options according to your future allocation instructions. If the Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. If at any time we have more than one Interim Fund available, you may elect which Interim Fund to which you would like to have your Initial and any Additional Purchase Payments allocated. Your future allocation instructions and Index Effective Date allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules.. L40538-IAI 5 [Admin Tracking Identifier]

Allocation of Purchase Payments. We place On the Issue Date, we allocate Purchase Payments in to one or more of the Interim Fund(s) until the Index Effective DateVariable Options according to your future allocation instructions. If the Issue Date is the Index Effective Date, we then also allocate Purchase Payments to one or more of the Index Options according to your Index Effective Date allocation instructions. However, if we exercise our right to allocate to the Interim Fund(s) during the Right to Examine Period, we will allocate the Initial Purchase Payment to the Interim Fund(s) until the end of the Right to Examine Period. If your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the Right to Examine Period that is not the 29th, 30th or 31st of the month. We will then allocate your Contract Value among your selected Index Options according to your allocation instructions on the Index Effective Date. If the Issue Date is not the Index Effective Date, any Any Purchase Payment that we receive before the Index Effective DateDate that you want allocated to an Index Option, we place in the Interim Fund(s) until Money Market Variable Option. On the Index Effective Date. We will then allocate , we rebalance your Contract Value among your selected Index Allocation Options according to your Index Effective Date allocation instructions on instructions. After the Index Effective Date. L40538-01 [Admin. Tracking Identifier] , we allocate Purchase Payments continued from the previous page We will place any Additional Purchase Payments we receive after the Index Effective Date in the Interim Fund(s) until the next Index Anniversary. On the next Index Anniversary, we will allocate to one or more of the Variable Account Value held in the Interim Fund(s) and any Additional Purchase Payments we receive before the end of the Business Day on the Index Anniversary among your selected Index Options according to your future allocation instructions. If the Your future allocation instructions and Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. If at any time we have more than one Interim Fund available, you may elect which Interim Fund to which you would like to have your Initial and any Additional Purchase Payments allocated. Your Effective Date allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules. L40538-NY 6 Variable Account The Variable Account is shown on the 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. 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.

Allocation of Purchase Payments. We place Purchase Payments in the Interim Fund(s) until the Index Effective Date. If the Issue Date is the Index Effective Date, we then allocate Purchase Payments to one or more of the Index Options according to your allocation instructions. However, if we exercise our right to allocate to the Interim Fund(s) during the Right to Examine Period, we will allocate the Initial Purchase Payment to the Interim Fund(s) until the end of the Right to Examine Period. If your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the Right to Examine Period that is not the 29th, 30th or 31st of the month. We will then allocate your Contract Value among your selected Index Options according to your allocation instructions on the Index Effective Date. If the Issue Date is not the Index Effective Date, any Purchase Payment that we receive before the Index Effective Date, we place in the Interim Fund(s) until the Index Effective Date. We will then allocate your Contract Value among your selected Index Options according to your allocation instructions on the Index Effective Date. L40538-01 [Admin. Tracking Identifier] Purchase Payments continued from the previous page We will place any Additional Purchase Payments we receive after the Index Effective Date in the Interim Fund(s) until the next Index Anniversary. On the next Index Anniversary, we will allocate the Variable Account Value held in the Interim Fund(s) and any Additional Purchase Payments we receive before the end of the Business Day on the Index Anniversary among your selected Index Options according to your allocation instructions. If the Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. If at any time we have more than one Interim Fund available, you may elect which Interim Fund to which you would like to have your Initial and any Additional Purchase Payments allocated. Your allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules. Variable Account The Variable Account is shown on the 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. 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. The Variable Account assets are divided into subaccounts which invest in the Interim Fund(s). Contract Value The Contract Value is equal to the sum of the Index Option Values and the Variable Account Value. The Index Option Values are the values in a selected Index Option as discussed in the attached riders. How the Variable Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, transfers out of the subaccounts, Withdrawals (including any Withdrawal Charges), the deduction of Contract Charges, and the investment performance of the Interim Fund(s). We place Purchase Payments you allocate to the Index Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Interim Fund. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals (including any Withdrawal Charges), transfers out of the subaccounts, or the deduction of Contract 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.

Allocation of Purchase Payments. We place Purchase Payments in the Interim Fund(s) until the Index Effective Date. If the Issue Date is the Index Effective Date, we then allocate Purchase Payments to one or more of the Index Allocation Options according to your allocation instructionsinstructions on the Index Effective Date. However, if we exercise our right to allocate to the Interim Fund(s) during the Right to Examine Period, we will allocate the Initial Purchase Payment to the Interim Fund(s) until the end of the Right to Examine Period. If your requested Index Effective Date would occur during this time, we change your Index Effective Date to the next Business Day after the Right to Examine Period that is not the 29th, 30th or 31st of the month. We will then allocate your Contract Value among your selected Index Allocation Options according to your allocation instructions on the Index Effective Date. If the Issue Date is not the Index Effective Date, any Purchase Payment that we receive before the Index Effective Date, we place in the Interim Fund(s) until the Index Effective Date. We will then allocate your Contract Value among your selected Index Allocation Options according to your allocation instructions on the Index Effective Date. L40538-01 [Admin. Tracking Identifier] Purchase Payments continued from the previous page We will place any Additional Purchase Payments we receive after the Index Effective Date in the Interim Fund(s) until the next Index Anniversary. On the next Index Anniversary, we will allocate the Variable Account Contract Value held in the Interim Fund(s) and any Additional Purchase Payments we receive before the end of the Business Day on the Index Anniversary among your selected Index Allocation Options according to your most recent allocation instructions. If the Index Anniversary is not a Business Day, we must receive the Additional Purchase Payments before the end of the Business Day prior to the Index Anniversary. If at any time we have more than one Interim Fund available, you may elect which Interim Fund to which you would like to have your Initial and any Additional Purchase Payments allocated. Your most recent allocation instructions must comply with the Allocation Guidelines shown on the Contract Schedules. L40538-IADV 6 [Admin Tracking Identifier] Variable Account The Variable Account is shown on the 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. 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. The Variable Account assets are divided into subaccounts corresponding to the Interim Fund(s). Contract Value The Contract Value is equal to the sum of the Index Option Values and the Variable Account Value. The Index Option Values are the values in a selected Index Option as discussed in the attached riders. How the Variable Account Value increases and decreases The Variable Account Value increases and decreases based on Purchase Payments, transfers out of the subaccounts, Withdrawals, the deduction of Contract Charges, and the investment performance of the Interim Fund(s). We place Purchase Payments you allocate to the Allocation Options into subaccounts of the Variable Account. Each subaccount invests exclusively in one Interim Fund. We use Accumulation Units to account for all amounts allocated to or withdrawn from each subaccount as a result of Purchase Payments, Withdrawals, transfers out of the subaccounts, or the deduction of Contract 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.