Common use of TRANSFERS AFTER THE ANNUITY COMMENCEMENT DATE Clause in Contracts

TRANSFERS AFTER THE ANNUITY COMMENCEMENT DATE. Once variable annuity payouts have begun, the Owner will no longer be able to Transfer all or part of the Annuity Account Value from one Sub-Account to another.

Appears in 2 contracts

Sources: Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account)