Common use of Coverage Layer Clause in Contracts

Coverage Layer. is a Basic Life Coverage Layer or a layer of insurance coverage on both of the Insureds under an optional rider. Coverage Layer Date – is the date that a particular Coverage Layer is effective. Coverage Layer months, years and anniversaries are measured from this date. The Coverage Layer Date for the initial Coverage Layer is the Policy Date as shown in the Policy Specifications. Evidence of Insurability – is information, including medical information, satisfactory to us that is used to determine insurability and the Insured’s Risk Class, subject to our approval and issue limits. Face Amount – is the Face Amount of insurance coverage for each Coverage Layer as shown in the Policy Specifications and any related Supplemental Schedule of Coverage. The Face Amount is subject to increase or decrease as provided elsewhere in this Policy. Fixed Account – is an account that is part of our General Account to which all or a portion of Net Premiums may be allocated for accumulation at a fixed rate of interest declared by us. Fixed LT Account – is an account that is part of our General Account to which all or a portion of Net Premiums may be allocated for accumulation at a fixed rate of interest declared by us. Fixed Options – an Investment Option consisting of one or more Fixed Accounts available under this Policy, and are part of our General Account. The Fixed Accounts available as of the Policy Date are the Fixed Account and the Fixed LT Account. Net Premiums and Accumulated Value under this Policy may be allocated to one or more Fixed Accounts. Free Look Transfer Date – the day we transfer Accumulated Value from the Cash Management Variable Account to the Investment Options you choose. The cover of your Policy describes the Free Look Right provided by your Policy. If your Policy provides for a full refund of premium upon exercise of the Free Look Right, then the Free Look Transfer Date will not occur until 15 days after the Policy is placed In Force. If your Policy provides for a return of value as described on the cover, transfers will be processed according to the most recent premium allocation instructions we have received from you, without a 15 day waiting period. General Account – consist of all of our assets other than those allocated to the Separate Accounts or to any of our other segregated asset accounts. In Force – means a Policy is in effect and provides a Death Benefit on the Insureds. Insureds – are the two persons insured under this Policy, consisting of the Insured and the Additional Insured. The Insureds are shown in the Policy Specifications. Investment Options – consist of the Variable Options, the Fixed Options, and any additional investment options that we may add. You may allocate your Accumulated Value, net of any loans, among the Variable, and Fixed Options. Each of these Investment Options is subdivided into various Accounts. We reserve the right to add additional Investment Options, or to terminate one or more of the Investment Options at any time. Monthly Deduction End Date – is shown in the Policy Specifications and is the date when Monthly Deductions end. Monthly Payment Date – is the same day each month as the Policy Date and is the date on which certain Policy Charges are deducted from the Accumulated Value. The first Monthly Payment Date is the Policy Date. Net Accumulated Value – is the Accumulated Value less any Policy Debt. Net Amount at Risk – is the difference between the Death Benefit and the Accumulated Value. Net Premium – is the premium we receive reduced by any Premium Load. Owner, you, or your – refers to the Owner of this Policy. Policy Date – is shown on the Cover Page and means the date the Policy and associated riders become effective. Policy months, quarters, years and anniversaries are measured from this date.

Coverage Layer. is a Basic Life Coverage Layer or a layer of insurance coverage on both of the Insureds under an optional rider. ICC13 P13MS3 Page 14 Coverage Layer Date – is the date that a particular Coverage Layer is effective. Coverage Layer months, years and anniversaries are measured from this date. The Coverage Layer Date for the initial Coverage Layer is the Policy Date as shown in the Policy Specifications. Evidence of Insurability – is information, including medical information, satisfactory to us that is used to determine insurability and the Insured’s Risk Class, subject to our approval and issue limits. Face Amount – is the Face Amount of insurance coverage for each Coverage Layer as shown in the Policy Specifications and any related Supplemental Schedule of Coverage. The Face Amount is subject to increase or decrease as provided elsewhere in this Policy. Fixed Account – is an account that is part of our General Account to which all or a portion of Net Premiums may be allocated for accumulation at a fixed rate of interest declared by us. Fixed LT Account – is an account that is part of our General Account to which all or a portion of Net Premiums may be allocated for accumulation at a fixed rate of interest declared by us. Fixed Options – an Investment Option consisting of one or more Fixed Accounts available under this Policy, and are part of our General Account. The Fixed Accounts available as of the Policy Date are the Fixed Account and the Fixed LT Account. Net Premiums and Accumulated Value under this Policy may be allocated to one or more Fixed Accounts. Free Look Transfer Date – the day we transfer Accumulated Value from the Cash Management Variable Account to the Investment Options you choose. The cover of your Policy describes the Free Look Right provided by your Policy. If your Policy provides for a full refund of premium upon exercise of the Free Look Right, then the Free Look Transfer Date will not occur until 15 days after the Policy is placed In Force. If your Policy provides for a return of value as described on the cover, transfers will be processed according to the most recent premium allocation instructions we have received from you, without a 15 day waiting period. General Account – consist of all of our assets other than those allocated to the Separate Accounts or to any of our other segregated asset accounts. Indexed Account – is an account that is part of our General Account. We credit interest on an Indexed Account, in part, based on any positive change in an Index. Indexed Fixed Account Options – an Investment Option consisting of one or more Indexed Accounts available under this Policy, and is part of the General Account. The Indexed Accounts available as of the Policy Date are shown in the Policy Specifications. In Force – means a Policy is in effect and provides a Death Benefit on the Insureds. Insureds – are the two persons insured under this Policy, consisting of the Insured and the Additional Insured. The Insureds are shown in the Policy Specifications. Investment Options – consist of the Variable Options, the Fixed Options, the Indexed Fixed Account Options, and any additional investment options that we may add. You may allocate your Accumulated Value, net of any loans, among the Variable, Fixed and Indexed Fixed Options. Each of these Investment Options is subdivided into various Accounts. We reserve the right to add additional Investment Options, or to terminate one or more of the Investment Options at any time. Monthly Deduction End Date – is shown in the Policy Specifications and is the date when Monthly Deductions end. Monthly Payment Date – is the same day each month as the Policy Date and is the date on which certain Policy Charges are deducted from the Accumulated Value. The first Monthly Payment Date is the Policy Date. Net Accumulated Value – is the Accumulated Value less any Policy Debt. Net Amount at Risk – is the difference between the Death Benefit and the Accumulated Value. Net Premium – is the premium we receive reduced by any Premium Load. Owner, you, or your – refers to the Owner of this Policy. Policy Date – is shown on the Cover Page and means the date the Policy and associated riders become effective. Policy months, quarters, years and anniversaries are measured from this date. Policy Debt – is the amount necessary to repay the Policy loan in full and is equal to the Loan Account plus any accrued Loan Interest Charge. The Policy Debt reduces any amount otherwise payable under the Policy. Policy Specifications – is a section of the Policy that shows information specific to your Policy. Risk Class – is used in determining Policy Charges and is determined by us during the underwriting process for each Coverage Layer. Risk Class depends on the Insureds’ gender classification, health, tobacco use, and other factors. The Risk Class of the Insureds for the initial Coverage Layer is shown in the Policy Specifications. The Risk Class of the Insureds for any additional Coverage Layer will be shown in a Supplemental Schedule of Coverage sent to you at that time. Risk Class may also be referred to as Risk Classification.

Coverage Layer. is a Basic Life Coverage Layer or a layer of insurance coverage on both of the Insureds Insured under an optional rider. Coverage Layer Date – is the date that a particular Coverage Layer is effective. Coverage Layer months, years and anniversaries are measured from this date. The Coverage Layer Date for the initial Coverage Layer is the Policy Date as shown in the Policy Specifications. Evidence of Insurability – is information, including medical information, satisfactory to us that is used to determine insurability and the Insured’s Risk Class, subject to our approval and issue limitsapproval. Face Amount – is the Face Amount of insurance coverage for each Coverage Layer as shown in the Policy Specifications and any related Supplemental Schedule of Coverage. The Face Amount is subject to increase or decrease as provided elsewhere in this Policypolicy. Fixed Account – is an account that is part of our General Account to which all or a portion of Net Premiums may be allocated for accumulation at a fixed rate of interest declared by us. Fixed LT Account – is an account that is part of our General Account to which all or a portion of Net Premiums may be allocated for accumulation at a fixed rate of interest declared by us. Fixed Options – an Investment Option consisting of one or more Fixed Accounts available under this Policypolicy, and are part of our General Account. The Fixed Accounts available as of the Policy Date are the Fixed Account and the Fixed LT Account. Net Premiums and Accumulated Value under this Policy policy may be allocated to one or more Fixed Accounts. Free Look Transfer Date – the day we transfer Accumulated Value from the Cash Management Variable Account to the Investment Options you choose. The cover of your Policy policy describes the Free Look Right provided by your Policypolicy. If your Policy policy provides for a full refund of premium upon exercise of the Free Look Right, then the Free Look Transfer Date will not occur until 15 days after the Policy policy is placed In Force. If your Policy policy provides for a return of value as described on the cover, transfers will be processed according to the most recent premium allocation instructions we have received from you, without a 15 day waiting period. General Account – consist of all of our assets other than those allocated to the Separate Accounts or to any of our other segregated asset accounts. Indexed Account – is an account that is part of our General Account. We credit interest on the Indexed Account, in part, based on any positive change in an Index. Indexed Fixed Account Options – an Investment Option consisting of one or more Indexed Accounts available under this policy, and is part of the General Account. The Indexed Accounts available as of the Policy Date are shown in the Policy Specifications. In Force – means a Policy policy is in effect and provides a Death Benefit on the Insureds. Insureds – are the two persons insured under this Policy, consisting of the Insured and the Additional Insured. The Insureds are shown in the Policy Specifications. Investment Options – consist of the Variable Options, the Fixed Options, and any additional investment options that we may add. You may allocate your Accumulated Value, net of any loans, among the Variable, and Fixed Options. Each of these Investment Options is subdivided into various Accounts. We reserve the right to add additional Investment Options, or to terminate one or more of the Investment Options at any time. Monthly Deduction End Date – is shown in the Policy Specifications and is the date when Monthly Deductions end. Monthly Payment Date – is the same day each month as the Policy Date and is the date on which certain Policy Charges are deducted from the Accumulated Value. The first Monthly Payment Date is the Policy Date. Net Accumulated Value – is the Accumulated Value less any Policy Debt. Net Amount at Risk – is the difference between the Death Benefit and the Accumulated Value. Net Premium – is the premium we receive reduced by any Premium Load. Owner, you, or your – refers to the Owner of this Policy. Policy Date – is shown on the Cover Page and means the date the Policy and associated riders become effective. Policy months, quarters, years and anniversaries are measured from this date.

Coverage Layer. is a Basic Life Coverage Layer or a layer of insurance coverage on both of the Insureds Insured under an optional rider. Coverage Layer Date – is the date that a particular Coverage Layer is effective. Coverage Layer months, years and anniversaries are measured from this date. The Coverage Layer Date for the each initial Coverage Layer is the Policy Date as shown in the Policy Specifications. Evidence of Insurability – is information, including medical information, satisfactory to us that is used to determine insurability and the Insured’s Risk Class, subject to our approval and issue limits. Face Amount – is the Face Amount of life insurance coverage for each Coverage Layer as shown in the Policy Specifications and any related Supplemental Schedule of Coverage. The Face Amount is subject to increase or decrease as provided elsewhere in this Policy. Fixed Account – is an account that is part of our General Account to which all or a portion of Net Premiums may be allocated for accumulation at a fixed rate of interest declared by us. Fixed LT Account – is an account that is part of our General Account to which all or a portion of Net Premiums may be allocated for accumulation at a fixed rate of interest declared by us. Fixed Options – an Investment Option consisting of one or more Fixed Accounts available under this Policy, and are part of our General Account. The Fixed Accounts available as of the Policy Date are the Fixed Account and the Fixed LT Account. Net Premiums and Accumulated Value under this Policy may be allocated to one or more Fixed Accounts. Free Look Transfer Date – the day we transfer Accumulated Value from the Cash Management Variable Account a money market variable account that we designate to the Investment Options you choose. The cover of your Policy describes the Free Look Right provided by your Policy. If your Policy provides for a full refund of premium upon exercise of the Free Look Right, then the Free Look Transfer Date will not occur until 15 days after the Policy is placed In Force. If your Policy provides for a return of value as described on the cover, transfers will be processed according to the most recent premium allocation instructions we have received from you, without a 15 day waiting period. General Account – consist of all of our assets other than those allocated to the Separate Accounts or to any of our other segregated asset accounts. Indexed Account – is an account that is part of our General Account. We credit interest on an Indexed Account, in part, based on any positive change in an Index. Indexed Fixed Account Options – an Investment Option consisting of one or more Indexed Accounts available under this Policy, and is part of the General Account. The Indexed Accounts available as of the Policy Date are shown in the Policy Specifications. In Force – means a Policy is in effect and provides a Death Benefit on the InsuredsInsured. Insureds Insured – are is the two persons person insured under this Policy, consisting of the Insured and the Additional Insured. The Insureds are as shown in the Policy Specifications. Investment Options – consist of the Variable Options, the Fixed Options, the Indexed Fixed Account Options, and any additional investment options that we may add. You may allocate your Accumulated Value, net of any loansPolicy Debt, among the Variable, Fixed and Indexed Fixed Options. Each of these Investment Options is subdivided into various Accounts. We reserve the right to add additional Investment Options, or to terminate one or more of the Investment Options at any time. ICC15 P15PVA Monthly Deduction End Date – is shown in the Policy Specifications and is the date when Monthly Deductions endare no longer deducted from the Accumulated Value. Monthly Payment Date – is the same day each month as the Policy Date and is the date on which certain Policy Charges are deducted from the Accumulated Value. The first Monthly Payment Date is the Policy Date. Net Accumulated Value – is the Accumulated Value less any Policy Debt. Net Amount at Risk – is the difference between the Death Benefit and the Accumulated Value. Net Premium – is the premium we receive reduced by any Premium Load. Owner, you, or your – refers to the Owner of this Policy, as shown in the Policy Specifications at the time of issue or in the Title Change Confirmation if ownership is changed after issue. Policy Date – is shown on in the Cover Page Policy Specifications and means the date the Policy and associated riders become effective. Policy and rider months, quarters, years and anniversaries are measured from this date. Policy Debt – is the amount necessary to repay the Policy Loan in full and is equal to the Loan Account plus any accrued Loan Interest Charge. The Policy Debt reduces any amount otherwise payable under the Policy. Policy Specifications – is a section of the Policy that shows information specific to your Policy. Risk Class – is used in determining Policy Charges and is determined by us during the underwriting process for each Coverage Layer. Risk Class depends on the Insured’s gender classification, health, tobacco use, and other factors. The gender classification for this Policy will be either male, female or unisex and is shown in the Policy Specifications. The Risk Class of the Insured for each initial Coverage Layer is shown in the Policy Specifications. The Risk Class of the Insured for any additional Coverage Layer will be shown in a Supplemental Schedule of Coverage sent to you at that time. Risk Class may also be referred to as Risk Classification.

Coverage Layer. is a Basic Life Coverage Layer or a layer of insurance coverage on both of the Insureds under an optional rider. Coverage Layer Date – is the date that a particular Coverage Layer is effective. Coverage Layer months, years and anniversaries are measured from this date. The Coverage Layer Date for the initial Coverage Layer is the Policy Date as shown in the Policy Specifications. Evidence of Insurability – is information, including medical information, satisfactory to us that is used to determine insurability and the Insured’s Risk Class, subject to our approval and issue limits. Face Amount – is the Face Amount of insurance coverage for each Coverage Layer as shown in the Policy Specifications and any related Supplemental Schedule of Coverage. The Face Amount is subject to increase or decrease as provided elsewhere in this Policy. Fixed Account – is an account that is part of our General Account to which all or a portion of Net Premiums may be allocated for accumulation at a fixed rate of interest declared by us. Fixed LT Account – is an account that is part of our General Account to which all or a portion of Net Premiums may be allocated for accumulation at a fixed rate of interest declared by us. Fixed Options – an Investment Option consisting of one or more Fixed Accounts available under this Policy, and are part of our General Account. The Fixed Accounts available as of the Policy Date are the Fixed Account and the Fixed LT Account. Net Premiums and Accumulated Value under this Policy may be allocated to one or more Fixed Accounts. Free Look Transfer Date – the day we transfer Accumulated Value from the Cash Management Variable Account to the Investment Options you choose. The cover of your Policy describes the Free Look Right provided by your Policy. If your Policy provides for a full refund of premium upon exercise of the Free Look Right, then the Free Look Transfer Date will not occur until 15 days after the Policy is placed In Force. If your Policy provides for a return of value as described on the cover, transfers will be processed according to the most recent premium allocation instructions we have received from you, without a 15 day waiting period. General Account – consist of all of our assets other than those allocated to the Separate Accounts or to any of our other segregated asset accounts. Indexed Account – is an account that is part of our General Account. We credit interest on an Indexed Account, in part, based on any positive change in an Index. Indexed Fixed Account Options – an Investment Option consisting of one or more Indexed Accounts available under this Policy, and is part of the General Account. The Indexed Accounts available as of the Policy Date are shown in the Policy Specifications. In Force – means a Policy is in effect and provides a Death Benefit on the Insureds. Insureds – are the two persons insured under this Policy, consisting of the Insured and the Additional Insured. The Insureds are shown in the Policy Specifications. Investment Options – consist of the Variable Options, the Fixed Options, the Indexed Fixed Account Options, and any additional investment options that we may add. You may allocate your Accumulated Value, net of any loans, among the Variable, Fixed and Indexed Fixed Options. Each of these Investment Options is subdivided into various Accounts. We reserve the right to add additional Investment Options, or to terminate one or more of the Investment Options at any time. Monthly Deduction End Date – is shown in the Policy Specifications and is the date when Monthly Deductions end. Monthly Payment Date – is the same day each month as the Policy Date and is the date on which certain Policy Charges are deducted from the Accumulated Value. The first Monthly Payment Date is the Policy Date. Net Accumulated Value – is the Accumulated Value less any Policy Debt. Net Amount at Risk – is the difference between the Death Benefit and the Accumulated Value. Net Premium – is the premium we receive reduced by any Premium Load. Owner, you, or your – refers to the Owner of this Policy. Policy Date – is shown on the Cover Page and means the date the Policy and associated riders become effective. Policy months, quarters, years and anniversaries are measured from this date. Policy Debt – is the amount necessary to repay the Policy loan in full and is equal to the Loan Account plus any accrued Loan Interest Charge. The Policy Debt reduces any amount otherwise payable under the Policy. Policy Specifications – is a section of the Policy that shows information specific to your Policy. Risk Class – is used in determining Policy Charges and is determined by us during the underwriting process for each Coverage Layer. Risk Class depends on the Insureds’ gender classification, health, tobacco use, and other factors. The Risk Class of the Insureds for the initial Coverage Layer is shown in the Policy Specifications. The Risk Class of the Insureds for any additional Coverage Layer will be shown in a Supplemental Schedule of Coverage sent to you at that time. Risk Class may also be referred to as Risk Classification.