Common use of Subaccount Value Clause in Contracts

Subaccount Value. Each Subaccount Value on any Business Day is equal to the number of Subaccount Units in that Subaccount multiplied by the Unit Value of the Subaccount on that day. We credit the Subaccount with Subaccount Units as a result of any: • Purchase Payments received by us and allocated to that Subaccount; • transfers to that Subaccount; and • additional amounts allocated to that Subaccount. We debit the Subaccount with Subaccount Units as a result of any: • transfers; • withdrawals, including any applicable withdrawal charges; • amounts applied to provide annuity payments; • annual charges for expenses relating to optional riders attached to the Contract; and • charges for premium taxes and/or other taxes. The number of Subaccount Units we credit to, or debit from, a Subaccount in connection with a transaction is equal to the amount of the transaction applicable to that Subaccount divided by that Subaccount’s Unit Value at the end of the valuation period that includes that day. The number of Subaccount Units in a Subaccount will change only if we credit or debit Subaccount Units for the transactions specified above. The number of Subaccount Units will not change because of subsequent changes in the Subaccount Unit Value.