EXCESS TRANSFER CHARGE. If you exceed the number of free transfers allowed, you will be assessed an excess transfer charge as shown in the above table. This charge will be deducted proportionately from your Subaccount Accumulation Values and your Guaranteed Interest Account Accumulation Value immediately prior to the deduction. DOLLAR COST AVERAGING Prior to the Annuity Date, if you have at least $10,000 of Accumulation Value in either the [Fidelity VIP Money Market] Subaccount or the [Janus Short-Term Bond] Subaccount, you may choose to transfer a specified dollar amount each month from one of these Subaccounts and have a percentage of that amount transferred to other Subaccounts of the Variable Account ("Dollar Cost Averaging"). You may elect the Dollar Cost Averaging transfer option at any time prior to the Annuity Date by Written Notice. The minimum amount that you may elect to transfer each month is $100. The maximum amount that you may transfer is equal to the Subaccount Accumulation Value (when the election is made) of the Subaccount from which the transfer is taken divided by twelve. The percentages to be transferred to the other Subaccounts must be designated in whole numbers. No specific dollar designation may be made to the Subaccounts. If you elect to transfer to a particular Subaccount, the minimum percentage that may be transferred to that Subaccount is 1% of the total amount transferred. The transfer date will be the same calendar day each month as the Contract Date. If this calendar day is not a Valuation Day, the next Valuation Day will be used. If, on any transfer date, the Accumulation Value in the selected Subaccount is equal to or less than the amount you have elected to have transferred, the entire amount will be transferred, and this option will end. Dollar Cost Averaging will end as of the Valuation Day immediately preceding the Annuity Date. You may change the transfer amount or the Subaccount to which transfers are to be made once each Contract Year. You may cancel this election by Written Notice at least seven days before the next transfer date. Any transfer under this option will not be included for purposes of computing the excess transfer charge. AUTOMATIC REBALANCING Form 15208-95 You may choose to automatically transfer, on a quarterly basis, between and among specified Subaccounts, in order to achieve a particular percentage allocation among such Subaccounts ("Automatic Rebalancing"). Percentage allocations must be in whole numbers. Once elected, ...
EXCESS TRANSFER CHARGE. We may assess an Excess Transfer Charge for each Excess Transfer, that is all transfers after the first twelve in a Contract Year. Any Excess Transfer Charge will be deducted from the Accumulation Value in the variable sub-account(s) from which an Excess Transfer is made. The transfer of Accumulation Value from any variable sub-account is deemed to be one transfer regardless of the number of variable sub- accounts into which the value is transferred. We may, at any time, charge less but will never charge more than the Excess Transfer Charge shown in the Contract Schedule. Mortality & Expense Risk Charge We assess a mortality & expense risk charge (“M & E charge”) against each variable sub-account on a daily basis. We may, at any time, charge less but will never charge more than the daily M & E charge shown in the Contract Schedule. Premium Tax We may deduct from the Accumulation Value the amount of any premium tax or other state and local taxes levied by any state or local government entity when:
EXCESS TRANSFER CHARGE. 14 Form 1197 (VUL) Page 2
EXCESS TRANSFER CHARGE. We may assess a charge for each transfer in excess of 12 per Contract Year. Any excess transfer charge will be deducted from the Accumulation Value in the Variable Sub-account(s) from which a transfer is made. The transfer of Accumulation Value from any Variable Sub-account is deemed to be one transfer regardless of the number of Variable Sub-accounts into which the value is transferred. We may, at any time, charge less but will never charge more than the excess transfer charge shown in the Contract Schedule. IU-IA-4000 Surrender Charge A Surrender charge may be imposed as a percentage of Premium not previously withdrawn if the Contract is Surrendered or a Withdrawal is made. The percentage imposed at the time of Surrender or Withdrawal of a particular Premium depends on the number of complete years that have elapsed since that particular Premium was paid. Unless you direct otherwise, Surrender charges will be deducted from all Variable Sub-accounts on a pro-rata basis. Surrender charges are shown in the Contract Schedule. No Surrender charges will be assessed on a Withdrawal and the amount of such Withdrawal will not be treated as a Withdrawal of Premium if the Withdrawal, as determined on the date of such Withdrawal, does not exceed 10% of the Accumulation Value less any Withdrawals already taken during the current Contract Year. For purposes of determining the Surrender charge, Withdrawals are considered to come from Premium in the same order as paid (“first in, first out” basis). In addition, we will waive any Surrender charges otherwise incurred due to Surrender or Withdrawal in the event you receive Extended Medical Care (as defined below) or are diagnosed with a Terminal Condition (as defined below). To qualify for this waiver as a result of Extended Medical Care:
