Common use of Valuation Day Clause in Contracts

Valuation Day. For each Subaccount, each day on which the New York Stock Exchange is open for regular trading except for days that the Subaccount's corresponding Fund does not value its shares. VALUATION PERIOD - Period that starts at the close of regular trading on the New York Stock Exchange on any Valuation Day and ends at the close of regular trading on the next succeeding Valuation Day. INTRODUCTION ________________________________________________________________________________ This is a flexible premium variable deferred annuity contract. The initial Purchase Payment is due on the Contract Date. Additional Purchase Payments may be paid at any time before the Annuity Commencement Date. In return for these Purchase Payments and any application, we provide certain benefits. These benefits are not less than any minimum benefits required by law in the state in which the Contract is delivered. The Contract provides a monthly income beginning on the Annuity Commencement Date. The amount of monthly income will depend on: . the Annuity Commencement Value; . the amount of any premium tax; . the Annuitant(s)'s gender, where appropriate, and settlement age on the Annuity Commencement Date; and . the payment plan chosen. See Optional Payment Plans section for the payout plans available. See conditions described in the Death Provisions section for details regarding payment or the continuation of the Contract at the death of any Owner or Annuitant prior to the Annuity Commencement Date. On your request, we will provide you with your current Contract Value.

Valuation Day. For each Subaccount, each day on which the New York Stock Exchange is open for regular trading except for days that the Subaccount's corresponding Fund does not value its shares. VALUATION PERIOD - Period that starts at the close of regular trading on the New York Stock Exchange on any Valuation Day and ends at the close of regular trading on the next succeeding Valuation Day. INTRODUCTION ________________________________________________________________________________ -------------------------------------------------------------------------------- This is a flexible premium variable deferred annuity contract. The initial Purchase Payment is due on the Contract Date. Additional Purchase Payments may be paid at any time before the Annuity Commencement Date. In return for these Purchase Payments and any application, we provide certain benefits. These benefits are not less than any minimum benefits required by law in the state in which the Contract is delivered. The Contract provides a monthly income beginning on the Annuity Commencement Date. The amount of monthly income will depend on: . o the Annuity Commencement Value; . o the amount of any premium tax; . o the Annuitant(s)'s gender, where appropriate, and settlement age on the Annuity Commencement Date; and . o the payment plan chosen. See Optional Payment Plans section for the payout plans available. See conditions described in the Death Provisions section for details regarding payment or the continuation of the Contract at the death of any Owner or Annuitant prior to the Annuity Commencement Date. On your request, we will provide you with your current Contract Value.

Valuation Day. For each Subaccount, each day on which the New York Stock Exchange is open for regular trading except for days that the Subaccount's corresponding Fund does not value its shares. VALUATION PERIOD - Period that starts at the close of regular trading on the New York Stock Exchange on any Valuation Day and ends at the close of regular trading on the next succeeding Valuation Day. INTRODUCTION ________________________________________________________________________________ -------------------------------------------------------------------------------- This is a flexible premium variable deferred annuity contract. The initial Purchase Payment is due on the Contract Date. Additional Purchase Payments may be paid at any time before the Annuity Commencement Date. In return for these Purchase Payments and any application, we provide certain benefitsBenefits. These benefits are not less than any minimum benefits required by law in the state in which the Contract is delivered. The Contract provides a monthly income beginning on the Annuity Commencement Date. The amount of monthly income will depend on: . the Annuity Commencement Value; . the amount of any premium tax; . the Annuitant(s)'s gender, where appropriate, and settlement age on the Annuity Commencement Date; and . the payment plan chosen. chosen See Optional Payment Plans section for the payout plans available. See conditions described in the Death Provisions section for details regarding payment or the continuation of the Contract at the death of any Owner or Annuitant prior to the Annuity Commencement Date. On your request, we will provide you with your current Contract Value.