Net Contributions Allocations Clause Samples

Net Contributions Allocations. Net Contributions will be allocated on a percentage basis among the General Account and/or the Separate Account Sub-Accounts as specified in writing by the Owner, provided, however, that if a Net Contribution is to be allocated between two or more Sub-Accounts, at least $500 must be allocated to each Account. If the percentage allocation elected by the Owner would result in an allocation of less than $500 to any one Sub-Account, the Company reserves the right to allocate such amount in accordance with Company rules and procedures. By Written Request, at any time the Owner may change the allocation of future Net Contributions.