Common use of Change of Contract Clause in Contracts

Change of Contract. Only our authorized officers may change the terms of this Contract. We will notify the Group Contract Holder in writing at least 30 days before the effective date of any change. Any change will not affect the amount or terms of any Annuity which begins before the change. We may make any change that affects the AG Account Market Value Adjustment with at least thirty (30) days' advance written notice to the Group Contract Holder and the Certificate Holder. Any such change shall become effective for any new guaranteed term and will apply to all present and future Certificate Holders' Accounts. We reserve the right to change the terms of the Systematic Withdrawal Option for future elections and discontinue the availability of this option. Any change to any of the following provisions under this Contract will not apply to Certificate Holder's Accounts in existence before the effective date of the change:

Change of Contract. Only our authorized officers may change the terms of this Contract. We will notify the Group Contract Holder in writing at least 30 days before the effective date of any change. Any change will not affect the amount or terms of any Annuity which begins before the change. We may make any change that affects the AG GP Guaranteed Account Market Value Adjustment with at least thirty (30) days' advance written notice to the Group Contract Holder and the Certificate Holder. Any such change shall become effective for any new guaranteed term and will apply to all present and future Certificate Holders' Accounts. We reserve the right to change the terms of the Systematic Withdrawal Option for future elections and discontinue the availability of this option. Any change to any of the following provisions under this Contract will not apply to Certificate Holder's Accounts in existence before the effective date of the change: