Common use of Dollar Cost Averaging Program Clause in Contracts

Dollar Cost Averaging Program. Prior to the Annuity Commencement Date, You may enroll in a Dollar Cost Averaging program by instructing Us to automatically make periodic allocations, on a frequency permitted by Us, of all or part of a Purchase Payment or Transfers of Contract Value to an available DCA Fixed Account or any other Variable Subaccount made available for the purpose of Dollar Cost Averaging. Your enrollment in a Dollar Cost Averaging program will begin once We have received, in Good Order, all necessary information on a form provided by Us and the minimum required amount. Any amount allocated will be transferred from a DCA Fixed Account or the Variable Subaccount used for Dollar Cost Averaging to the designated Variable Subaccount in regular installments over a period You chose. Transfers will occur at the same interval until the end of the chosen period or, if sooner, until the value in the Variable Subaccount used for Dollar Cost Averaging has been exhausted or You give Notice to Us to discontinue Your enrollment in the Dollar Cost Averaging program.