Common use of PURCHASE PAYMENT, CURRENT VALUE Clause in Contracts

PURCHASE PAYMENT, CURRENT VALUE. AND SURRENDER PROVISIONS -------------------------------------------------------------------------------- 3.01 Net Purchase Payment(s): The actual Purchase Payment less any premium tax. Generally, Aetna will deduct the premium tax when Annuity benefits are purchased (see Part IV). If Aetna determines that a premium tax is due when Purchase Payments are received or at any other time, it will deduct the tax at that time. The Net Purchase Payment(s) may be credited among: (a) The Fixed Account; and (b) The Guaranteed Accumulation Account; and (c) The Fund(s) in which the Separate Account invests. Aetna must be told the percentage of the Net Purchase Payment(s) to be applied to each investment above. During any calendar year, the Contract Holder or, if allowed by the Plan, you may tell Aetna to change the investment mix twelve times. Should Aetna allow additional changes, each may be subject to a fee of up to $10.

PURCHASE PAYMENT, CURRENT VALUE. AND SURRENDER PROVISIONS --------------------------------------------------------------------------------------------------------------------------------------------------------------- 3.01 Net Purchase Payment(sNET PURCHASE PAYMENT(S): The actual Purchase Payment less any premium tax. GenerallyAs a rule, Aetna will deduct the premium tax when Annuity benefits are purchased (see Part IV). If Aetna determines that it must pay a premium tax is due when Purchase Payments are received or at any other time, it will deduct the tax at that time. The Net Purchase Payment(s) may will be credited amongto: (a) The the Fixed Account; and; (b) The Guaranteed Accumulation Account; and (c) The the Fund(s) in which the Separate Account invests. Aetna must be told the percentage of the Net Purchase Payment(s) to be applied to each investment above. During any calendar year, the Contract Holder or, if allowed by the Plan, you Aetna may tell Aetna be told to change the investment mix twelve timesfour times if more than one Purchase Payment is made. Should Aetna allow If additional changeschanges are allowed, each may be subject to a fee of up to $10.