Common use of The Accumulation Value Clause in Contracts

The Accumulation Value. The Accumulation Value of this Contract is the sum of the Accumulation Values in each of the Sub- accounts. Each Sub-account is valued at the close of each Business Day for the preceding Valuation Period. On the Contract Date, the Accumulation Value in each Sub-account equals the Initial Premium allocated to that Sub-account, less premium tax if applicable. (1) We start with the Accumulation Value in the Sub-account at the close of the preceding Business Day. (2) We multiply (1) by the Sub-account’s Net Return Factor, explained below, for the current Valuation Period. (3) We add or subtract transfers to or from that Sub-account during the current Valuation Period. (4) We subtract from (3) any Withdrawals during the current Valuation Period. (5) We subtract from (4) any charges, other than daily charges, or applicable taxes including any premium taxes not previously deducted, allocated to that Sub-account for any deductions from Accumulation Value as shown in the Contract Schedule. Sub-account’s Net Return Factor The Net Return Factor for each Sub-account is calculated as follows: (1) We take the net asset value of the Investment Portfolio in which the Sub-account invests at the close of the current Business Day. (2) We add to (1) the amount of any dividend or capital gains distribution declared for the Investment Portfolio and reinvested in such Investment Portfolio during the current Valuation Period. (3) We divide (2) by the net asset value of the Investment Portfolio at the close of the preceding Business Day. (4) We subtract the daily mortality & expense risk charge set forth in the Contract Schedule for each Sub- account for each day in the current Valuation Period. Calculations for Sub-accounts investing in unit investment trusts are on a per unit basis.

The Accumulation Value. The Accumulation Value of this Contract is the sum of the Accumulation Values Value in each of the Variable Sub- accounts. Each Variable Sub-account is will be valued at the close end of each Business Day for the preceding Valuation Period. On the Contract Date, the Accumulation Value in each Variable Sub-account equals the Initial Premium plus Premium Credits allocated to that Variable Sub-account, less premium tax any Premium Tax, if applicable.. On each Business Day thereafter, the Accumulation Value in each Variable Sub-account is calculated as follows: (1) We start with the Accumulation Value in the Variable Sub-account at the close of on the preceding Business Day. (2) We multiply (1) by the Variable Sub-account’s Net Return Factor, explained below, Factor for the current Valuation Period. (3) We add or subtract transfers to or from that (2) any Additional Premium less Premium Taxes if applicable, plus Premium Credits allocated to the Variable Sub-account during the current Valuation Period. (4) We add or subtract transfers to or from (3) any Withdrawals that Variable Sub-account during the current Valuation Period. (5) We subtract from (4) any Withdrawals, including any recapture of Premium Credits, if applicable, and any applicable Surrender charges from the Variable Sub-account during the current Valuation Period. (6) We subtract from (5) any charges, other than daily charges, or applicable taxes including any premium taxes not previously deducted, allocated to that Variable Sub-account for any for: (a) Any optional benefit Riders and Endorsements shown in the Contract Schedule; and (b) Any deductions from Accumulation Value as shown in the Contract Schedule. Sub-account’s Net Return Factor The Net Return Factor for each Variable Sub-account is calculated as follows: (1) We take the net asset value of the Investment Portfolio portfolio in which the Variable Sub-account invests at the close end of the current Business Day. (2) We add to (1) the amount of any dividend or capital gains distribution declared for the Investment Portfolio portfolio and reinvested in such Investment Portfolio portfolio during the current Valuation Period. We subtract from that amount a charge for any applicable Premium Taxes and any other applicable taxes. (3) We divide (2) by the net asset value of the Investment Portfolio portfolio at the close end of the preceding Business Day. (4) We subtract the daily mortality & and expense risk charge set forth in the Contract Schedule for each Sub- Variable Sub-account for each day in the current Valuation Period. (5) If any Riders or Endorsements have a daily charge, we subtract that daily charge set forth in the Contract Schedule for each Variable Sub-account for each day in the current Valuation Period. (6) We subtract the daily asset based administrative charge set forth in the Contract Schedule for each day in the current Valuation Period. Calculations for Variable Sub-accounts investing in unit investment trusts are on a per unit basis.