Common use of GUARANTEED VALUES Clause in Contracts

GUARANTEED VALUES. The cash value of the Guaranteed Accounts will not be less than the Minimum Value. The Minimum Value equals: • an accumulation, at the Nonforfeiture Rate, of 87.5% of the amounts applied to the Guaranteed Accounts; less • an accumulation, at the Nonforfeiture Rate, of the cash value of amounts withdrawn from the Guaranteed Accounts without regard to any positive Market Value Adjustments; less • an accumulation, at the Nonforfeiture Rate, of adjustments made to the Minimum Value for each transfer from the Guaranteed Accounts to the Separate Account, where each adjustment equals the amount transferred, adjusted for any negative Market Value Adjustment, less any excess of the Withdrawal Charge applicable to the Guaranteed Account immediately before the transfer over the Withdrawal Charge applicable to the Guaranteed Account after the transfer. Guaranteed values are at least as great as those required by the state in which this contract is delivered. RR.V.B.BK.(0805) 9

GUARANTEED VALUES. The cash value of the Guaranteed Accounts will not be less than the Minimum Value. The Minimum Value equals: • an accumulation, at the Nonforfeiture Rate, of 87.5% of the amounts applied to the Guaranteed Accounts; less • an accumulation, at the Nonforfeiture Rate, of the cash value of amounts withdrawn from the Guaranteed Accounts without regard to any positive Market Value Adjustments; less • an accumulation, at the Nonforfeiture Rate, of adjustments made to the Minimum Value for each transfer from the Guaranteed Accounts to the Separate Account, where each adjustment equals the amount transferred, adjusted for any negative Market Value Adjustment, less any excess of the Withdrawal Charge applicable to the Guaranteed Account immediately before the transfer over the Withdrawal Charge applicable to the Guaranteed Account after the transfer. Guaranteed values are at least as great as those required by the state in which this contract is delivered. RR.V.B.BK.(0805RR.V.A.BK.(0805) 9