Common use of NONPARTICIPATING Clause in Contracts

NONPARTICIPATING. This Contract is nonparticipating. This means we do not pay dividends on it. The Contract will not share in our profits or surplus. Protection of Proceeds and Payments To the extent permitted by law, neither the proceeds nor any payments under this Contract shall be subject to the claims of creditors or legal process. Annual Statement You will receive an annual statement once each year. It will show such things as the beginning and ending account values, as well as any Additional Purchase Payments, withdrawals, exchanges, or charges for the year that apply to this Contract. The statement may contain other information required by law or regulation.