Common use of Contribution Year Clause in Contracts

Contribution Year. The one year period starting from the date a Purchase Payment is made in one calendar year and ending on the day preceding the anniversary of such date in the following calendar years. DEATH BENEFIT ADJUSTMENT Any increase or reduction to the amount of the death benefit payable to account for Purchase Payment and/or Withdrawal activity after a specified point in time which will equal (a), (b), or (c), whichever is applicable, as follows:

Contribution Year. The one A year period starting from the date a Purchase Payment is made in one calendar year and ending on the day preceding the anniversary of such date in the following succeeding calendar years. DEATH BENEFIT ADJUSTMENT Any increase or reduction to the amount of the death benefit Death Benefit payable to account for Purchase Payment and/or Withdrawal activity after a specified point in time which will equal (a), (b), ) or (c), whichever is applicable, as follows: