CONTRACT VALUES. Contract Value — The Contract Value on any Business Day is the sum of: • the Variable Account Value; plus • the Loan Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. Variable Account Value — The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day.
CONTRACT VALUES. Contract Value - The Contract Value on any Business Day is the sum of: . the GIO Value; plus . the Variable Account Value; plus . the Loan Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. GIO Value - The GIO Value on any Business Day is the GIO Value as of the prior Business Day, increased by any additions to the GIOs on that day as a result of any: . interest; . Purchase Payments received by us and allocated to a new GIO; and . transfers allocated to a new GIO; and decreased by any deductions from the GIOs on that day as a result of any: . transfers from the GIOs; . withdrawals, including any applicable withdrawal charges; . withdrawal fees; . annual fees; . amounts applied to provide an annuity; . Market Value Adjustments; and . charges for premium taxes and/or other taxes; Variable Account Value - The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day. Subaccount Value - Each Subaccount Value on any Business Day is equal to the number of Subaccount Units in that Subaccount multiplied by the Unit Value of the Subaccount on that day. We credit the Subaccount with Subaccount Units as a result of any: . Purchase Payments received by us and allocated to that Subaccount; and . transfers to that Subaccount, including transfers from the Loan Account. We debit the Subaccount with Subaccount Units as a result of any: . transfers, including transfers to the Loan Account; . withdrawals, including any applicable withdrawal charges; . withdrawal fees; . annual fees; . amounts applied to provide an annuity; and . charges for premium taxes and/or other taxes. The number of Subaccount Units we credit to, or debit from, a Subaccount in connection with a transaction is equal to the amount of the transaction applicable to that Subaccount divided by that Subaccount's Unit Value at the end of the valuation period that includes that day. The number of Subaccount Units in a Subaccount will change only if we credit or debit Subaccount Units for the transactions specified above. The number of Subaccount Units will not change because of subsequent changes in the Subaccount Unit Value.
CONTRACT VALUES. Amounts payable at death, withdrawal benefits, Accumulation Values and the annuity benefit described in this contract are not less than the minimum benefits required by any statute of the state in which this contract is delivered.
CONTRACT VALUES. 6.1 The Accumulation Value 12 6.2 The Cash Surrender Value 12 6.3 Charges 12
CONTRACT VALUES. The values and benefits are equal to or greater than those required by any applicable law. We will inform you of their amount on request. ACCUMULATED VALUE Your contract values are calculated based on your Accumulated Value as stated below. Your Accumulated Value at any time is equal to:
CONTRACT VALUES. While this contract is in force prior to annuitization, transfers of contract values may be made as outlined below unless contract values are required to be allocated to certain accounts or subaccounts under the terms of certain optional benefit riders, if any, attached to this contract.
CONTRACT VALUES. The values and benefits are equal to or greater than those required by any applicable law. ACCUMULATED VALUE Your contract values are calculated based on Your Accumulated Value. Your Accumulated Value at any time is equal to Your Fixed Account Value plus Your Separate Account Value. FIXED ACCOUNT VALUE Your Fixed Account Value at any time is equal to:
CONTRACT VALUES. CONTRACT ACCOUNT VALUE. The Contract Account Value is the sum of the Variable Account Value and the Guaranteed Account Value.
CONTRACT VALUES. 6.1 Net Premium The net premium is the premium payment received less the premium expense charge shown in Section 1, Contract Data.
