Common use of FIXED ACCOUNT CONTRACT VALUE Clause in Contracts

FIXED ACCOUNT CONTRACT VALUE. The fixed account contract value is the value of the fixed account of this contract on any valuation date. Fixed Annuity - An annuity payment plan that does not vary as to dollar amount with investment experience. Fund - An investment company or separate series thereof, in which subaccounts of the separate account invest. Issue Date - The issue date is stated in the contract schedule. Mortality and Expense Risk Charge - This is a charge deducted in the calculation of the accumulation unit value and the annuity unit value. It is for our assumption of mortality risks and expense guarantees. Nonqualified - This contract issued other than as a qualified plan. Owner - See "You, You, Yours" below.