CONTRACT VALUE PROVISIONS Sample Clauses

CONTRACT VALUE PROVISIONS. NET PAYMENT. The net payment will be the payment received less Premium Tax, if any. ALLOCATION OF NET PAYMENTS. Net payments will be allocated to the Accounts on the first Valuation Date on or following the date the payment is received at our Office. With respect to the Initial Payment, the allocation will take place on the Contract Date. Any allocation to an Account must not be less than the Minimum Allocation Percentage shown on Page 3. No fractional percentages are permitted. The allocation of future net payments may be changed by the Owner. We reserve the right to limit such change to once each year. The request for change of allocations must be in a manner satisfactory to us. The allocation change will be effective the date the request for change is recorded by us.

CONTRACT VALUE PROVISIONS. Contract Value Electing Strategies

CONTRACT VALUE PROVISIONS. Variable Contract Value The Variable Contract Value for a Participant on any date during the Accumulation Period will be the sum of the values of the Variable Sub-Accounts of the Series Account held for the Participant. The value of a Participant's interest in a Variable Sub-Account will be determined by multiplying the number of Accumulation Units held for the Participant for that Variable Sub-Account by the Accumulation Unit Value for that Variable Sub-Account. Accumulation Unit Contributions and Transfers received at the Administrative Offices of the Company before the close of a Valuation Date will be allocated as requested and applied as of that date, otherwise as of the next Valuation Date, to provide Accumulation Units of the selected Variable Sub-Accounts of the Series Account. The number of Accumulation Units credited for each Participant to a Variable Sub-Account will be determined by dividing the amount of the Contributions and Transfers then applied to such Variable Sub-Account by the Accumulation Unit Value for that Variable Sub-Account on the Valuation Date on which the Contributions were allocated and Transfers were made. The number of Accumulation Units will not change because of a later change in the Accumulation Unit Value, but the Accumulation Unit Value will vary to reflect the investment experience of the Variable Sub-Account. Accumulation Unit Value The initial Accumulation Unit Value of each Variable Sub-Account was established at $10 on the date a Deposit was first made to the Variable Sub-Account. The Accumulation Unit Value of a Variable Sub-Account on any subsequent Valuation Date is equal to the Accumulation Unit Value of that Variable Sub-Account as of the immediately preceding Valuation Date multiplied by the Net Investment Factor for the Valuation Period ending on the Valuation Date on which the Accumulation Unit Value is being determined. The Accumulation Unit Value may increase, decrease, or remain unchanged as a result of the value of the Net Investment Factor.

CONTRACT VALUE PROVISIONS. CONTRACT VALUE - Your Contract Value for any Business Day is the sum of your interests in the Subaccounts of the Separate Account (and your interests in any other account options that are included by Rider) as of such Business Day. The portion of your Contract Value in a Subaccount is determined by multiplying the number of Accumulation Units allocated to the Contract for that Subaccount by its Accumulation Unit Value. CHARGES AND FEES - We will deduct charges and fees from your Contract Value as described on the Contract Schedule (or in any applicable Rider). SEPARATE ACCOUNT PROVISIONS THE SEPARATE ACCOUNT - The Separate Account is designated on the Contract Schedule and consists of assets that are kept separate from our General Account assets and all of our other segregated asset accounts. The assets of the Separate Account, equal to reserves and other liabilities of your Contract and those of other owners who have an interest in the Separate Account, will not be charged with liabilities arising out of any other business we may do. The Separate Account assets are divided into Subaccounts. The assets of each Subaccount are invested in Portfolio(s). INVESTMENTS OF THE SEPARATE ACCOUNT - Purchase Payments applied to the Separate Account are allocated to the Subaccounts. We may, from time to time, add additional Portfolios to the Separate Account. You may be permitted to transfer all or a portion of your Contract Value to the Subaccounts that invest in the additional Portfolio(s). However, the right to make any transfer will be limited by any terms and conditions in effect at the time of transfer. We can close, add or remove Portfolios as Subaccount investments as permitted by law. When a change is made, we will send you a revised prospectus for the Separate Account, which will describe all of the Portfolios then available under the Contract and/or any notice required by law. When a Portfolio is removed, we have the right to substitute a different Portfolio in which the Subaccount will then invest the value of the removed Portfolio.

CONTRACT VALUE PROVISIONS. NET PREMIUM The net premium will be the premium received less Premium Tax, if any. ALLOCATION OF NET Net Premiums will be allocated to the Accounts PREMIUMS on the first Valuation Date on or following the date the premium is received at Our Office. With respect to the Initial Premium, the allocation will take place on the Contract Date. Any premium received prior to the Reallocation Date will be allocated to the Reallocation Account. On the first Valuation Date on or following the Reallocation Date, the values in the Reallocation Account will be transferred in accordance with the Owner's current premium allocation instructions. All allocation percentages must be in whole numbers. The allocation of future net premiums may be changed by the Owner. We reserve the right to limit such change to once each year. The request for change of allocations must be in a manner satisfactory to Us. The allocation change will be effective the date the request for change is recorded by Us. SUBACCOUNT VALUE At the end of any Valuation Period, the Subaccount value is equal to the number of units that the Contract has in the Subaccount, multiplied by the Accumulation Unit Value of that Subaccount. The number of units that the Contract has in each Subaccount is equal to:

CONTRACT VALUE PROVISIONS. Contract Value Electing Strategies Minimum Nonforfeiture Amount

CONTRACT VALUE PROVISIONS. CONTRACT VALUE Your Contract Value on any Valuation Date is the sum of:

CONTRACT VALUE PROVISIONS. 5.1 Variable Contract Value 5.2 Accumulation Unit 5.3 Accumulation Unit Value 5.4 Annuity Unit Value 5.5 Net Investment Factor 5.6 Risk Charge 5.7 Guaranteed Contract Value 5.8 Guaranteed Sub-Account Riders 5.9 Asset Management Fee - Guaranteed Contract 5.10