Common use of APPLICATION OF PURCHASE PAYMENTS Clause in Contracts

APPLICATION OF PURCHASE PAYMENTS. Each Purchase Payment, net of Premium Taxes, will be applied to one or more Investment Accounts. Net Purchase Payments applied to the Guaranteed Interest Fund will accrue interest from the effective date of the Purchase Payment. Net Purchase Payments purchase Class B Accumulation Units or are applied to the Class B Guaranteed Interest Fund. Accumulation Units are credited as of the effective date of the Net Purchase Payment. The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date. This number of Accumulation Units will not be changed by any subsequent change in the dollar value of Accumulation Units.

APPLICATION OF PURCHASE PAYMENTS. Each Purchase Payment, net of the Sales Load and Premium Taxes, will be applied to one or more Investment Accounts. Net Purchase Payments applied to the Guaranteed Interest Fund will accrue interest from the effective date of the Purchase Payment. Net Purchase Payments purchase Class B Accumulation Units or are applied to the Class B Guaranteed Interest FundSeparate Account will provide Accumulation Units in one or more Divisions. Accumulation Units are credited as of the effective date of the Net Purchase Payment. The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date. This number of Accumulation Units will not be changed by any subsequent change in the dollar value of Accumulation Units.

APPLICATION OF PURCHASE PAYMENTS. Each Purchase Payment, net of the Sales Load and Premium TaxesTax, will be applied to one or more Investment Accounts. Net Purchase Payments applied to the Guaranteed Interest Fund will accrue interest from the effective date of the Purchase Payment. Net Purchase Payments purchase Class B Accumulation Units or are applied to the Class B Guaranteed Interest FundSeparate Account will provide Accumulation Units in one or more Divisions. Accumulation Units are credited as of the effective date of the Net Purchase Payment. The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date. This number of Accumulation Units will not be changed by any subsequent change in the dollar value of Accumulation Units.

APPLICATION OF PURCHASE PAYMENTS. Each Purchase Payment, net of the Sales Load and Premium Taxes, will be applied to one or more Investment Accounts. Net Purchase Payments applied to the Guaranteed Interest Fund Separate Account will accrue interest from the effective date of the Purchase Payment. Net Purchase Payments purchase Class B provide Accumulation Units in one or are applied to the Class B Guaranteed Interest Fundmore Divisions. Accumulation Units are credited as of the effective date of the Net Purchase Payment. Net Purchase Payments applied to the Guaranteed Interest Fund 1 will accrue interest from the effective date of the Purchase Payment. The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date. This number of Accumulation Units will not be changed by any subsequent change in the dollar value of Accumulation Units.

APPLICATION OF PURCHASE PAYMENTS. Each Purchase Payment, net of Premium Taxes, will be applied to one or more Investment Accounts. Net Purchase Payments applied to the Guaranteed Interest Fund will accrue interest from the effective date of the Purchase Payment. Net Purchase Payments purchase Class B Accumulation Units or are applied to the Class B Guaranteed Interest FundAccounts. Accumulation Units are credited as of the effective date of the Net Purchase Payment. Net Purchase Payments applied to the Guaranteed Accounts will accrue interest from the effective date of the Purchase Payment. The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date. This number of Accumulation Units will not be changed by any subsequent change in the dollar value of Accumulation Units.

APPLICATION OF PURCHASE PAYMENTS. Each Net Purchase Payment, net of Premium Taxes, Payments will be applied to one or more Investment Accounts. Net Purchase Payments applied to the Guaranteed Interest Fund will accrue interest from the effective date of the Purchase Payment. Net Purchase Payments purchase Class B Accumulation Units or are applied to the Class B Guaranteed Interest FundSeparate Account will provide Accumulation Units in one or more Divisions. Accumulation Units are credited as of the effective date of the Net Purchase Payment. The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date. This number of Accumulation Units will not be changed by any subsequent change in the dollar value of Accumulation Units.

APPLICATION OF PURCHASE PAYMENTS. Each Net Purchase Payment, net of Premium Taxes, Payments will be applied to one or more Investment AccountsAccounts in accordance with allocation instructions provided by the Owner. Net Purchase Payments applied to the Guaranteed Interest Fund Separate Account will accrue interest from the effective date of the Purchase Payment. Net Purchase Payments purchase Class B provide Accumulation Units in one or are applied to the Class B Guaranteed Interest Fundmore Divisions. Accumulation Units are credited as of the effective date of the Net Purchase Payment. Net Purchase Payments applied to the Guaranteed Interest Fund 1 will accrue interest from the effective date of the Purchase Payment. The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date. This number of Accumulation Units will not be changed by any subsequent change in the dollar value of Accumulation Units.