Common use of Election of Option Packages Clause in Contracts

Election of Option Packages. Any Certificate Holder, who meets the applicable minimum Account Value required by GALIC, may elect to replace the Option Package in effect with one of the other available Option Packages. The eligible Certificate Holder may make the election during the sixty day period prior to and including any anniversary of the Account Effective Date. Such election must be made in writing and received in good order at GALIC's Customer Service Center during the election period. The effective date of the newly elected Option Package is the anniversary of the Account Effective Date at the end of the sixty day election period. GALIC will issue another Schedule reflecting the new Option Package chosen. The new Schedule will reflect the revisions to the Certificate Holder's benefits during the Accumulation Period, namely: The new Schedule Effective Date, The revised Charges to Separate Account, The calculation of the death benefit, and The revised ability to withdraw money free of Deferred Sales Charge All other Contract features remain in effect from the Account Effective Date.

Election of Option Packages. Any Certificate Holder, who meets the applicable minimum Account Value required by GALICAetna, may elect to replace the Option Package in effect with one of the other available Option Packages. The eligible Certificate Holder may make the election during the sixty day period prior to and including any anniversary of the Account Effective Date. Such election must be made in writing and received in good order at GALICAetna's Customer Service Center home office during the election period. The effective date of the newly elected Option Package is the anniversary of the Account Effective Date at the end of the sixty day election period. GALIC Aetna will issue another Schedule reflecting the new Option Package chosen. The new Schedule will reflect the revisions to the Certificate Holder's benefits during the Accumulation Period, namely: The new Schedule Effective Date, The revised Charges to Separate Account, The calculation of the death benefit, and The revised ability to withdraw money free of Deferred Sales Charge All other Contract features remain in effect from the Account Effective Date.

Election of Option Packages. Any Certificate Holder, who meets the applicable minimum Account Value required by GALICAetna, may elect to replace the Option Package in effect with one of the other available Option Packages. The eligible Certificate Holder may make the election during the sixty day period prior to and including any anniversary of the Account Effective Date. Such election must be made in writing and received in good order at GALICAetna's Customer Service Center home office during the election period. The effective date of the newly elected Option Package is the anniversary of the Account Effective Date at the end of the sixty day election period. GALIC Aetna will issue another Schedule reflecting the new Option Package chosen. The new Schedule will reflect the revisions to the Certificate Holder's benefits during the Accumulation Period, namely: The new Schedule Effective Date, The revised Charges to Separate Account, The calculation of the death benefit, and The revised ability to withdraw money free of Deferred Sales Charge Charge. All other Contract features remain in effect from the Account Effective Date.