Common use of Purchase Payment Account Value Clause in Contracts

Purchase Payment Account Value. AND WITHDRAWAL PROVISIONS -------------------------------------------------------------------------------- 3.01 Purchase Payment: This amount is the actual Purchase Payment. Aetna reserves the right to pay premium taxes when due and deduct the amount from the Account Value when we pay the tax or at a later date. Each Purchase Payment will be allocated, as directed by the Certificate Holder, among: (a) Guaranteed Account Guaranteed Terms made available, subject to terms and conditions established by Aetna; and/or (b) The Subaccount(s) offered through the Separate Account. For each Purchase Payment, the Certificate Holder shall tell Aetna the percentage of each Purchase Payment to allocate to any available Guaranteed Account Guaranteed Term and/or each Subaccount. Unless different allocation instructions are received for any additional Purchase Payment, the allocation will be the same as for the initial Purchase Payment. If the same Guaranteed Term is no longer available, the Purchase Payment will be allocated to the next shortest Guaranteed Term available in the current Deposit Period. If no shorter Guaranteed Term is available, the next longer Guaranteed Term will be used. 3.02 Certificate Holder's Account: Aetna will maintain an Account for each Certificate Holder. Aetna will declare from time to time the acceptability and the minimum amount for initial and additional Purchase Payments.

Purchase Payment Account Value. AND WITHDRAWAL PROVISIONS -------------------------------------------------------------------------------- 3.01 Purchase Payment: This amount is the actual Purchase Payment, less any premium taxes. Aetna reserves the right to pay premium taxes when due and deduct the amount from the Account Value when we pay the tax or at a later date. Each Purchase Payment will be allocated, as directed by the Certificate Holder, among: (a) The available Guaranteed Account Guaranteed Terms made availableTerms, subject to terms and conditions established by Aetna; and/or (b) The Subaccount(s) offered through the Separate Account. For each Purchase Payment, the The Certificate Holder shall tell Aetna the percentage of each Purchase Payment to allocate to any available Guaranteed Account Guaranteed Term and/or each Subaccount. Unless different If allocation instructions are not received for any additional Purchase Payment, the allocation will be made according to the same as for the initial Purchase Paymentinstructions most recently received. If the same Guaranteed Term is no longer available, the Purchase Payment will be allocated to the next shortest Guaranteed Term available in the current Deposit Period. If no shorter Guaranteed Term is available, the next longer Guaranteed Term will be used. 3.02 Certificate Holder's Account: Aetna will maintain an Account for each Certificate Holder. Aetna will declare from time to time the acceptability and the minimum amount for initial and additional Purchase Payments.