Common use of Minimum Contract Value Clause in Contracts

Minimum Contract Value. If both the total Accumulation Value for this Contract and Purchase Payments, reduced by any amounts deducted in connection with any partial surrenders, fall below $300 during the Accumulation Period, and no Purchase Payments have been made for two Contract Years, this Contract may be automatically surrendered and the Surrender Value paid to the Contract Owner. UIT-585-96 QU1IXST5 6

Minimum Contract Value. If both the total Accumulation Value for this Contract and Purchase Payments, reduced by any amounts deducted in connection with any partial surrenders, fall falls below $300 during the Accumulation Period, and no Purchase Payments have been made for two Contract Years, this Contract may be automatically surrendered and the Surrender Value paid to the Contract Owner. UIT-585-96 QU1IXST5 6III CHARGES UNDER THE CONTRACT