Common use of NET INVESTMENT FACTOR Clause in Contracts

NET INVESTMENT FACTOR. For each Division of the Separate Account the Net Investment Factor for the current period is one plus the net investment rate for that Division. The net investment rate for the current period is equal to the gross investment rate for the Division reduced on each Valuation Date by a Mortality and Expense Risk Charge. The charge for these risks on the Issue Date is shown on page 4. The Company may increase or decrease the charge after the Issue Date, but the Company may not increase the charges to exceed the maximum charges shown on page 4. The gross investment rate for the current period for each Division is equal to a. divided by b. where:

NET INVESTMENT FACTOR. For each Division of the Separate Account the Net Investment Factor for the current period is one plus the net investment rate for that the Division. The net investment rate for the current period is equal to the gross investment rate for the Division reduced on each Valuation Date by a Mortality charge for annuity rate and Expense Risk Chargeexpense guarantees. The charge for these risks guarantees on the Issue Date is shown on page 4. The Company may increase or decrease the charge after the Issue Date, but the Company may not increase the charges charge to exceed the maximum charges charge shown on page 4. The gross investment rate for the current period for each Division is equal to a. divided by b. where:

NET INVESTMENT FACTOR. For each Division of the Separate Account the Net Investment Factor for the current period is one plus the net investment rate for that Division. The net investment rate for the current period is equal to the gross investment rate for the Division reduced on each Valuation Date by a Mortality and Expense Risk Charge. The charge for these risks on the Issue Date is shown on page 4. The Company may increase or decrease the charge after the Issue Date, but the Company may not increase the charges charge to exceed the maximum charges charge shown on page 4. The gross investment rate for the current period for each Division is equal to a. divided by b. where:

NET INVESTMENT FACTOR. For each Division of the Separate Account the Net Investment Factor for the current period is one plus the net investment rate for that Division. The net investment rate for the current period is equal to the gross investment rate for the Division reduced on each Valuation Date by a Mortality and Expense Risk Charge. The charge for these risks on the Issue Date is shown on page 4. The Company may increase or decrease the charge Mortality and Expense Risk Charge after the Issue Date, but the Company may not increase the charges this charge to exceed the maximum charges shown on page Page 4. The gross investment rate for the current period for each Division is equal to a. divided by b. where:

NET INVESTMENT FACTOR. For each Division of the Separate Account the Net Investment Factor for the current period is one 1.000000 plus the net investment rate for that Division. The net investment rate for the current period is equal to the gross investment rate for the Division Division, expressed in decimal form to six places, reduced on each Valuation Date by a Mortality charge for annuity rate and Expense Risk Chargeexpense guarantees. The charge for these risks guarantees on the Issue Date is date of issue and the maximum charge are shown on page 4. The Company may increase or decrease the charge after the Issue Date, but the Company may not increase the charges to exceed the maximum charges shown on page 43. The gross investment rate for the current period for each Division is equal to a. divided by b. where:

NET INVESTMENT FACTOR. For each Division of the Separate Account the Net Investment Factor for the current period is one plus the net investment rate for that Division. The net investment rate for the current period is equal to the gross investment rate for the Division reduced on each Valuation Date by a Mortality and Expense Risk Charge. The charge for these risks on the Issue Date is shown on page 4. The Company may increase or decrease the charge Mortality and Expense Risk Charges after the Issue Date, but the Company may not increase the these charges to exceed the maximum charges shown on page Page 4. The gross investment rate for the current period for each Division is equal to a. divided by b. where:

NET INVESTMENT FACTOR. For each Division of the Separate Account Account, the Net Investment Factor for the current period is one 1.000000 plus the net investment rate for that Divisionrate. The net investment rate for the current period is equal to the gross investment rate for the Division expressed in decimal form to six places, and reduced on each Valuation Date valuation date by a Mortality charges at an annual rate of not more than 1 1/2% for annuity rate and Expense Risk Charge. The charge for these risks on the Issue Date is shown on page 4expense guarantees. The Company may increase or decrease the charge after the Issue Date, but the Company may not increase the establish lower periodic charges from time to exceed the maximum charges shown on page 4time. The gross investment rate for the current period for each Division is equal to a. divided by b. where:

NET INVESTMENT FACTOR. For each Division of the Separate Account the Net Investment Factor for the current period is one 1.000000 plus the net investment rate for that Division. The net investment rate for the current period is equal to the gross investment rate for the Division Division, expressed in decimal form to six places, reduced on each Valuation Date valuation date by a Mortality charges of not more than an annual rate of 1/4% for annuity rate and Expense Risk Chargeexpense guarantees. The charge for these risks guarantees on the Issue Date date of issue is shown on page 4. The Company may increase or decrease the charge after the Issue Date, but the Company may not increase the charges to exceed the maximum charges shown on page 43. The gross investment rate for the current period for each Division is equal to a. divided by b. where:

NET INVESTMENT FACTOR. For each Division of the Separate Account the Net Investment Factor for the current period is one 1.000000 plus the net investment rate for that Division. The net investment rate for the current period is equal to the gross investment rate for the Division Division, expressed in decimal form to six places, reduced on each Valuation Date valuation date by a Mortality charges at an annual rate of not more than 11/2% for annuity rate and Expense Risk Charge. The charge for these risks on the Issue Date is shown on page 4expense guarantees. The Company may increase or decrease the charge after the Issue Date, but the Company may not increase the establish lower periodic charges from time to exceed the maximum charges shown on page 4time. The gross investment rate for the current period for each Division is equal to a. divided by b. where:

NET INVESTMENT FACTOR. For each Division of the Separate Account the Net Investment Factor for the current period is one 1.000000 plus the net investment rate for that Division. The net investment rate for the current period is equal to the gross investment rate for the Division Division, expressed in decimal form to six places, reduced on each Valuation Date by a Mortality charge for annuity rate and Expense Risk Chargeexpense guarantees. The charge for these risks guarantees on the Issue Date is date of issue and the maximum charge are shown on page 4. The Company may increase or decrease the charge after the Issue Date, but the Company may not increase the charges to exceed the maximum charges shown on page 4. The gross investment rate for the current period for each Division is equal to a. divided by b. where:

NET INVESTMENT FACTOR. For each Division of the Separate Account the Net Investment Factor for the current period is one plus the net investment rate for that Division. The net investment rate for the current period is equal to the gross investment rate for the Division reduced on each Valuation Date by a Mortality and Expense Risk Charge. The charge for these risks on the Issue Date is shown on page 4. The Company may increase or decrease the charge Mortality and Expense Charge after the Issue Date, but the Company may not increase the charges this charge to exceed the maximum charges shown on page Page 4. The gross investment rate for the current period for each Division is equal to a. divided by b. where: