TRANSFER OPTIONS Clause Samples

TRANSFER OPTIONS. Transfers Except as provided below, you may elect to transfer amounts among the Accounts up to the Maximum Transfer Limit, shown in the schedule pages, in a Contract Year. If additional transfers are requested, the Company reserves the right to prohibit such transfers or impose a transfer charge, not to exceed the Maximum Transfer Charge, shown in the schedule pages, for each transfer in excess of the Maximum Transfer Limit, shown in the schedule pages. You may not exceed the GIA Transfer Limit, as specified in the schedule pages, when transferring from the GIA, unless the Dollar Cost Averaging ("DCA") Program or Asset Rebalancing Program is in effect. After the first Contract Year, a transfer into the GIA will not be permitted if such transfer would cause the percentage of the Contract Value in the GIA to exceed the Maximum Guaranteed Interest Account Percentage shown in the schedule pages. Any transfer charge will be deducted from the Investment Options or the GIA from which the amounts are to be transferred with each such Investment Option or GIA bearing a pro-rata share of the transfer charge. The value of each Investment Option will be determined on the business day that coincides with the date of transfer. Any Accumulation Units held under an Investment Option of the Separate Account or Adjusted Premiums held under the GIA as a result of any transfer shall retain its original Payment Date for purposes of determining the Surrender Charge. We have the right to prohibit a transfer less than 30 days prior to the Maturity Date. Transfers may be made by written request or by telephone or internet notification if a currently valid written authorization to make changes in this manner is on file with us. We have the right to require that a period of at least six months have elapsed between transfers from the GIA. Except as otherwise provided under the DCA Program, transfers from the GIA cannot exceed the higher of the Maximum GIA Transfer Amount or the Maximum GIA Percentage of the value of the GIA, as shown in the schedule pages. DCA Program Under the Dollar Cost Averaging Program ("DCA Program"), funds may be transferred automatically to the Investment Options on a monthly, quarterly, semi-annual, or annual basis subject to the Minimum DCA Transfer Amounts shown in the schedule pages. We may require an initial minimum value in the Account from which funds will be transferred. Funds may be transferred out of only one Account, but may be allocated to multiple...