Common use of Monthly Deduction Clause in Contracts

Monthly Deduction. The Monthly Deduction from the Accumulated Value is the sum of: 1) The Basic Monthly Charge shown on page 4; 2) The Decrease Charge for any decrease in Face Amount that is effective on the Monthly Anniversary; 3) The monthly Mortality and Expense Risk Charge based on the accumulated value in the subaccounts. This charge on an annual basis is guaranteed not to exceed the Maximum Annual Mortality and Expense Risk Charge shown on page 4; 4) The monthly cost of any Additional Benefits other than any disability waiver of monthly deduction benefit; 5) The monthly Cost of Insurance (see Section 9.2); and 6) The monthly cost of any disability waiver of monthly deduction benefit.