Common use of CONTRACT VALUES Clause in Contracts

CONTRACT VALUES. Contract Value - The Contract Value on any Business Day is the sum of: . the Variable Account Value; plus . the Loan Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. Variable Account Value - The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day. 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; and . transfers to that Subaccount, including transfers from the Loan Account. We debit the Subaccount with Subaccount Units as a result of any: . transfers, including transfers to the Loan Account; . withdrawals; . withdrawal fees; . amounts applied to provide an annuity; 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.

CONTRACT VALUES. Contract Value - The Contract Value on any Business Day is the sum of: . the Variable Account Value; plus . the Loan Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. Variable Account Value - The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day. 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; and . transfers to that Subaccount, including transfers from the Loan Account; and . Credit Enhancements allocated to that Subaccount. We debit the Subaccount with Subaccount Units as a result of any: . transfers, including transfers to the Loan Account; . withdrawals, including any applicable withdrawal charges; . withdrawal feesfees for withdrawals and/or transfers; . amounts applied to provide an annuity; . recapture of any Credit Enhancements; 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.

CONTRACT VALUES. Contract Value - The Contract Value on any Business Day is the sum of: . the Variable Account Value; plus . the Loan Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. Variable Account Value - The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day. 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; and . transfers to that Subaccount, including transfers from the Loan Account; and . Credit Enhancements allocated to that Subaccount. We debit the Subaccount with Subaccount Units as a result of any: . transfers, including transfers to the Loan Account; . withdrawals, including any applicable withdrawal charges; . withdrawal fees; . amounts applied to provide an annuity; 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.

CONTRACT VALUES. Contract Value - The Contract Value on any Business Day is the sum of: . • the Variable Account Value; plus . • the Loan Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. Variable Account Value - The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day. 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; and . • transfers to that Subaccount, including transfers from the Loan Account; and • additional amounts allocated to that Subaccount. We debit the Subaccount with Subaccount Units as a result of any: . • transfers, including transfers to the Loan Account; . • withdrawals; . withdrawal fees; . • amounts applied to provide an annuityannuity 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 ’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.

CONTRACT VALUES. Contract Value - The Contract Value on any Business Day is the sum of: . the GIO Value; plus . the Variable Account Value; plus . the Loan Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. GIO Value - The GIO Value on any Business Day is the GIO Value as of the prior Business Day, increased by any additions to the GIOs on that day as a result of any: . interest; . Purchase Payments received by us and allocated to a new GIO; and . transfers allocated to a new GIO; and decreased by any deductions from the GIOs on that day as a result of any: . transfers from the GIOs; . withdrawals, including any applicable withdrawal charges; . withdrawal fees; . annual fees; . amounts applied to provide an annuity; . Market Value Adjustments; and . charges for premium taxes and/or other taxes; Variable Account Value - The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day. 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; and . transfers to that Subaccount, including transfers from the Loan Account. We debit the Subaccount with Subaccount Units as a result of any: . transfers, including transfers to the Loan Account; . withdrawals, including any applicable withdrawal charges; . withdrawal fees; . annual fees; . amounts applied to provide an annuity; 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.

CONTRACT VALUES. Contract Value - The Contract Value on any Business Day is the sum of: . the Variable Account Value; plus . the Loan Account Value. We generally determine values on each day that the New York Stock Exchange is open, provided our administrative offices are also open on that day. Variable Account Value - The Variable Account Value on any Business Day is the sum of the Subaccount Values on that day. 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; and . transfers to that Subaccount, including transfers from the Loan Account. We debit the Subaccount with Subaccount Units as a result of any: . transfers, including transfers to the Loan Account; . withdrawals, including any applicable withdrawal charges; . withdrawal fees; . amounts applied to provide an annuity; . annual fees; 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.