Common use of CALCULATION OF THE DEATH BENEFIT Clause in Contracts

CALCULATION OF THE DEATH BENEFIT. We will determine the value of the Death Benefit as of two Valuation Days from the Valuation Day on which We receive Due Proof of Death and in Good Order payment instructions from at least one of the Beneficiaries and all information We need to process the claim. If the date of receipt of Due Proof of Death and in Good Order payment instructions falls on a non-Valuation Day, the amount will be computed as of two Valuation Days from the next Valuation Day. The Death Benefit is not subject to the Withdrawal Charge or the Market Value Adjustment.