CONTRACT VALUES Sample Clauses

CONTRACT VALUES. 6.1 The Accumulation Value 12 6.2 The Cash Surrender Value 12 6.3 Charges 12

CONTRACT VALUES. Amounts payable at death, withdrawal benefits, Accumulation Values and the annuity benefit described in this contract are not less than the minimum benefits required by any statute of the state in which this contract is delivered.

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.

CONTRACT VALUES. The values and benefits are equal to or greater than those required by any applicable law. We will inform you of their amount on request. ACCUMULATED VALUE Your contract values are calculated based on your Accumulated Value as stated below. Your Accumulated Value at any time is equal to:

CONTRACT VALUES. While this contract is in force prior to annuitization, transfers of contract values may be made as outlined below unless contract values are required to be allocated to certain accounts or subaccounts under the terms of certain optional benefit riders, if any, attached to this contract.

CONTRACT VALUES. The values and benefits are equal to or greater than those required by any applicable law. ACCUMULATED VALUE Your contract values are calculated based on Your Accumulated Value. Your Accumulated Value at any time is equal to Your Fixed Account Value plus Your Separate Account Value. FIXED ACCOUNT VALUE Your Fixed Account Value at any time is equal to:

CONTRACT VALUES. CONTRACT ACCOUNT VALUE. The Contract Account Value is the sum of the Variable Account Value and the Guaranteed Account Value.

CONTRACT VALUES. CONTRACT VALUE The Contract value on any date equals the sum of the accumulated values in the Funding Options and the Fixed Account (if applicable). The accumulated value in a Funding Option equals the number of outstanding Accumulation Units credited to that Funding Option, multiplied by the then current Accumulation Unit Value for that Funding Option. The Accumulation value of the Fixed Account equals the number of outstanding Accumulation Units credited to the Fixed Account multiplied by the current Accumulation Unit Value of the Fixed Account. The Guaranteed value of the Fixed Account equals the accumulated value of the Fixed Account calculated by using the guaranteed net interest factor. CONTRACT CHARGE A Contract charge in the amount and for the period shown in the Contract Specifications will be deducted from the Contract value to reimburse Us for administrative expenses relating to the Contract. The Contract charge will be deducted by surrendering, on a pro rata basis, Accumulation Units from amounts allocated to the Funding Options. The Contract charge will not be deducted from the Fixed Account. We will deduct the Contract charge on a pro rata basis if the Contract has been in effect for less than a full period on the date the charge is deducted. The Contract charge will also be prorated upon full surrender or Termination of the Contract. CASH SURRENDER VALUE The cash surrender value is equal to the Contract value less any applicable withdrawal charges and fees as shown in the Contract Specifications, less any applicable Premium Tax and less any outstanding loan balance. The guaranteed cash surrender value of the Fixed Account equals the guaranteed value of the Fixed Account less any applicable charges and fees as shown in the Contract Specifications, less any applicable Premium Tax and less any outstanding loan balance. CASH SURRENDER You may elect by Written Request to receive the cash surrender value before the Maturity Date and without the consent of any beneficiary unless irrevocably named. You may elect either a full or partial surrender of the cash surrender value. In the case of a full surrender, this Contract will be canceled. In the case of a partial surrender, We will reduce Your Contract value by surrendering Accumulation Units on a pro rata basis from amounts allocated to the Funding Options and from the Fixed Account (if applicable), unless You instruct otherwise. A partial surrender will result in a reduction of Your Contract value...

CONTRACT VALUES. 8.1 Net Premium The net premium is the premium payment received less the premium expense charges shown in Section 1, Contract Data. 8.2 Contract Value As of the contract date the contract value equals: (1) the initial net premium paid; less (2) the monthly deductions, as defined in Section 2.19 of this contract. On any day after the contract date, the contract value is equal to the fixed account value (including the loan account value) plus the variable account value.