Common use of Future Enhancements Clause in Contracts

Future Enhancements. If Company has a website that is accessible by producers that contains pending and inforce policy information, Company shall design a separate home page for access by the General Agent and its designated producers. The technological, security protection and access specifications as well as the aesthetic considerations of this General Agent home page will be dictated by General Agent. Company shall employ all appropriate measures to ensure that this separate home page is accessible only to General Agent and its designated producers as dictated by General Agent and inaccessible to any unauthorized third party. This General Agent home page will contain links to the following sections of the Company’s website: General Agent-approved policy forms and marketing materials, pending case status, inforce policy information, state availability grids/charts, producer licensing status and underwriting requirements. Access to pending case status and inforce policy information shall be limited on a producer-level basis, with full access being granted to General Agent home office staff. Company shall employ all encryption methods required by General Agent in connection with accessing and transmitting information. Processing Transaction Description Start Date End Date Processing Standard Fund Transfers The contract owner requests reallocation of contract value of funds within the variable annuity The day Company receives a request to reallocate funds within the variable annuity The day Company service representative finalizes request and notifies the client Same day of receipt of request in good order Surrenders The contract owner terminates the contract The day Company receives a request to cancel the contract and begins to analyze for client The day Company service representative mails or wires funds to client Same day of receipt of request in good order Annuity Contract Issuance The contract owner requests new contract The day Company receives documentation and new money in good order The day Company mails issued contract to the client Same day of receipt of request in good order External 1035 The contract owner requests external exchange The day Company receives an exchange request and begins to analyze for client The day Company service representative finalizes request and notifies the client 5 business days from receipt or request in good order Beneficiary Changes The contract owner requests a change of beneficiary The day Company receives a request and begins to analyze for client The day Company service representative finalizes request and notifies the client 4 business days from receipt of request in good order Owner Name Changes The contract owner requests a change of owner or name The day Company receives a request and begins to analyze for client The day Company service representative finalizes request and notifies the client 5 business days from receipt of request in good order Address Changes The contract owner reports a change of mailing address The day Company receives a request by mail or phone The day Company service representative processes request 3 business days from receipt of request in good order FA Changes The contract owner or ML requests a change in FA number The day Company receives a request by mail or phone The day Company service representative processes request 5 business days from receipt of request in good order Processing Transaction Description Start Date End Date Processing Standard