Common use of Dollar Cost Averaging Program Clause in Contracts

Dollar Cost Averaging Program. You may transfer all or part of your Contract Value in a designated subaccount to one or more other subaccounts pursuant to the Dollar Cost Averaging Program (DCA Program). We will transfer a specified amount each month from the subaccount that you designate and allocate it in accordance with your instructions to the subaccount(s) that you select. To elect the DCA Program you need to have a minimum amount in the designated subaccount equal to the amount to be transferred each month multiplied by the number of monthly transfers.

Appears in 3 contracts

Sources: Annuity Contract (Ml of New York Variable Annuity Separate Account C), Annuity Contract (Ml of New York Variable Annuity Separate Account A), Annuity Contract (Ml of New York Variable Annuity Separate Account A)