When we receive a request for allocation of Premium or Accumulation Value to one or more Index Segments, your Premium or Accumulation Value is held in the Interim Segment until the Segment Start Date. If a Segment Start Date is on a non-Business Day, Index Values will be based on the Index Values as of the close of the most recent previous Business Day.
On the Segment Start Date, each Premium or Accumulation Value is allocated (after deduction of any charges that may apply) to an Index Segment in accordance with the allocation instructions in effect on the Segment Start Date, provided that the Participation Requirements are met for the Index Segments. If Premium or Accumulation Value is to be allocated to multiple Index Segments, the Premium or Accumulation Value will be allocated only to those Index Segments for which the Segment Participation Requirements, as described below, are met.
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