Common use of Partial Surrender Clause in Contracts

Partial Surrender. You may surrender a portion of the Accumulated Value by giving Notice while the Insured is living. A Partial Surrender: 1) Will reduce the Accumulated Value by the amount of the Partial Surrender. This is the sum of: a) The surrender amount that we pay to you; b) Any taxes that we withhold; c) Any Partial Surrender Charge applied (see Section 9.4); and d) Any Decrease Charge applied due to the resulting decrease in Face Amount. The reduction will be taken from the subaccounts of the Variable Account and from the Fixed Accounts according to their Account Ratios on the effective date of the surrender. With our approval, you may choose other allocations of the Partial Surrender; 2) Must be at least $200; 3) Must not reduce the remaining Cash Surrender Value to less than $300; 4) May not be made if it would reduce the Face Amount to less than the Minimum Face Amount shown on page 3A. If the Death Benefit is Option 1, a Partial Surrender will affect the Face Amount as follows: a) If the Death Benefit on the effective date of the Partial Surrender is equal to the Face Amount, then the Face Amount will be decreased by the surrender amount that we pay to you and by any taxes that we withhold. b) If the Death Benefit on the effective date of the Partial Surrender is based on the Table of Death Benefit Factors on page 4A (see Section 6.2), then the Face Amount will be decreased only if, on that day, the surrender amount that we pay to you plus any taxes that we withhold exceeds the Death Benefit minus the Face Amount. In that case, the Face Amount will be decreased by: i) The surrender amount that we pay to you plus any taxes that we withhold; Less: ii) The Death Benefit less the Face Amount prior to the surrender. Any decrease in the Face Amount and any Decrease Charge will be applied in the order specified in Section 7.2(2). Any Decrease Charge will be deducted from the subaccounts of the Variable Account and from the Fixed Accounts according to their Account Ratios on the effective date of the surrender; and 5) Will be effective on the day we receive Notice. A Partial Surrender may cause the No-Lapse Guarantee to become inactive (see Section 5.4).

Partial Surrender. You may surrender a portion of the Accumulated Value by giving Written Notice before the Maturity Date and while the Insured is livingalive. We will deduct a Partial Surrender Charge from every Partial Surrender. The amount of this charge is shown on page 4. A Partial Surrender: 1) Must be at least $500; 2) May be made only once each Contract Month; 3) Will reduce the Accumulated Value by the amount of the Partial Surrender. This is the sum of: a) The surrender amount that we pay to you; b) Any taxes that we withhold; c) Any Partial Surrender Charge applied (see Section 9.4); and d) Any Decrease Charge applied due to the resulting decrease in Face Amount. The reduction will be taken from the subaccounts applied against each subaccount of the Variable Account and from the Fixed Accounts according to their Account Ratios on the effective date ratio for this contract of the surrenderaccumulated value in the subaccount to the sum of the accumulated values in all the subaccounts. With our approval, you may choose other allocations of to the Partial Surrendersubaccounts; 2) Must be at least $200; 34) Must not reduce the remaining Cash Surrender Value to less than $300500; 45) May not be made if it would reduce the Face Amount to less than the Minimum Face Amount shown on page 3A. If the Death Benefit Option is Option 1B, a Partial Surrender will affect the Face Amount as follows: a) If the Death Benefit on the effective date of the Partial Surrender is equal to the Face Amount, then the surrender will reduce the Face Amount will be decreased by the surrender amount that we pay to you and by any taxes that we withholdof the Partial Surrender. b) If the Death Benefit on the effective date of the Partial Surrender is based on a multiple of the Table of Death Benefit Factors on page 4A (see Accumulated Value according to Section 6.25.1(2)(b), then the Face Amount will be decreased reduced only if, on that day, the amount of the surrender amount multiplied by the Factor for the Attained Age on that we pay to you plus any taxes that we withhold day (see Table of Factors on page 12) exceeds the Death Benefit minus the Face Amount. In that case, the Face Amount will be decreased reduced by: i) The surrender amount that we pay to you plus any taxes that we withholdof the Partial Surrender; Less:less ii) The Death Benefit less the Face Amount prior to the surrender, divided by the Factor applied. Any decrease in the Face Amount and any Decrease Charge will be applied in the order specified in Section 7.2(25.5(2). Any Decrease Charge will The Face Amount may not be deducted from the subaccounts of the Variable Account and from the Fixed Accounts according reduced to their Account Ratios on the effective date of the surrenderless than $5,000; and 56) Will be effective on the day date we receive Written Notice. A Partial Surrender may cause the No-Lapse Death Benefit Guarantee to become inactive (see Section 5.4)terminate.

Partial Surrender. You may surrender a portion of the Accumulated Value by giving Written Notice before the Maturity Date and while the Insured is livingalive. We will deduct a Partial Surrender Charge from every Partial Surrender. The amount of this charge is shown on page 4. A Partial Surrender:; 1) Must be at least $500; 2) May be made only once each Contract Month; 3) Will reduce the Accumulated Value by the amount of the Partial Surrender. This is the sum of: a) The surrender amount that we pay to you; b) Any taxes that we withhold; c) Any Partial Surrender Charge applied (see Section 9.4); and d) Any Decrease Charge applied due to the resulting decrease in Face Amount. The reduction will be taken from the subaccounts applied against each subaccount of the Variable Account and from the Fixed Accounts according to their Account Ratios on the effective date ratio for this contract of the surrenderaccumulated value in the subaccount to the sum of the accumulated values in all the subaccounts. With our approval, you may choose other allocations of to the Partial Surrendersubaccounts; 2) Must be at least $200; 34) Must not reduce the remaining Cash Surrender Value to less than $300500; 45) May not be made if it would reduce the Face Amount to less than the Minimum Face Amount shown on page 3A. If the Death Benefit Option is Option 1B, a Partial Surrender will affect the Face Amount as follows: a) If the Death Benefit on the effective date of the Partial Surrender is equal to the Face Amount, then the surrender will reduce the Face Amount will be decreased by the surrender amount that we pay to you and by any taxes that we withholdof the Partial Surrender. b) If the Death Benefit on the effective date of the Partial Surrender is based on a multiple of the Table of Death Benefit Factors on page 4A (see Accumulated Value according to Section 6.25.1(2)(b), then the Face Amount will be decreased reduced only if, on that day, the amount of the surrender amount multiplied by the Factor for the Attained Age on that we pay to you plus any taxes that we withhold day (see Table of Factors on page 12) exceeds the Death Benefit minus the Face Amount. In that case, the Face Amount will be decreased reduced by: i) The surrender amount that we pay to you plus any taxes that we withholdof the Partial Surrender; Less:less ii) The Death Benefit less the Face Amount prior to the surrender, divided by the Factor applied. Any decrease in the Face Amount and any Decrease Charge will be applied in the order specified in Section 7.2(25.5(2). Any Decrease Charge will The Face Amount may not be deducted from the subaccounts of the Variable Account and from the Fixed Accounts according reduced to their Account Ratios on the effective date of the surrenderless than $5,000; and 56) Will be effective on the day date we receive Written Notice. A Partial Surrender may cause the No-Lapse Death Benefit Guarantee to become inactive (see Section 5.4)terminate.