TRANSFERS BEFORE THE ANNUITY COMMENCEMENT DATE. You may direct a Transfer of a portion of the Contract Value from any available Variable Subaccount to another Variable Subaccount or from a DCA Fixed Account by providing Notice to Transfer to Us, prior to the earlier of:
TRANSFERS BEFORE THE ANNUITY COMMENCEMENT DATE. Prior to the Annuity Commencement Date, You may transfer the value of the accumulation units from one Investment Option to another by providing us notice containing the facts that we need. Transfers of interest credited in the one–year GPO to other Investment Options are allowed on a “First–In, First–Out” basis. Such transfers may be made monthly, quarterly, semi–annually, or annually. Each such transfer must be at least $50, Transfers of Policy Value from the Separate Account are subject to a minimum of $500 or the entire Subaccount Policy Value, if less. However, if the remaining Subaccount Policy Value is less than $500, we reserve the right to include that amount as part of the transfer. We reserve the right to limit transfers to no more than 12 in any one Policy Year. Any transfers in excess of 12 per Policy Year may be charged a $1 0 per transfer fee. Transfers among multiple Investment Options will be treated as one transfer in determining the number of transfers that have occurred We also reserve the right to prohibit transfers to the Fixed Account We may prohibit premium payments and/or transfers if the yield on investments at such time is not sufficient to support the statutory minimum interest rate guarantee and other company expenses If we are prohibiting transfers to the Fixed Account we will provide 30 days advance written notice of this decision. You must indicate which Investment Option(s) to transfer the funds to while such prohibition is in effect We will also provide timely written notification to You once any such prohibition of transfers is no longer in effect The policy was not designed for professional market timing organizations or other persons that use programmed, large, or frequent transfers. The use of such transfers may be disruptive to an underlying portfolio. We reserve the right to reject any transfer request from any person in the interest of overall fund management or, if, in our judgment an underlying fund would be unable to invest effectively in accordance with its investment objectives and policies or would otherwise be potentially adversely affected or if an underlying fund would reject our purchase order. We also reserve the right to revoke Your fax and electronic transfer privileges at any time without revoking all owners’ fax and electronic transfer privileges. DOLLAR COST AVERAGING OPTION Prior to the Annuity Commencement Date, You may instruct us to automatically transfer a specified amount from the Money Market S...
TRANSFERS BEFORE THE ANNUITY COMMENCEMENT DATE. Prior to the annuity commencement date, you may transfer the policy values from one investment option to another by notifying us in a form and manner acceptable to us. Transfers of policy value are subject to a minimum of $500 or the entire subaccount policy value, if less. However, if the remaining subaccount policy value is less than $500, we reserve the right to include that amount as part of the transfer. We reserve the right to limit transfers to no more than 12 in any one policy year. Any transfers in excess of 12 per policy year may be charged a $10 per transfer fee. Transfers among multiple investment options will be treated as one transfer in determining the number of transfers that have occurred. This policy is not designed for professional market timing organizations or other persons that use programmed, large, or frequent transfers. The use of such transfers may be disruptive to an underlying portfolio. We reserve the right to reject any transfer request from any person in the interest of overall fund management or, if, in our judgment, an underlying fund would be unable to invest effectively in accordance with its investment objectives and policies or would otherwise be potentially adversely affected or if an underlying fund would reject our purchase order. We also reserve the right to revoke your fax and electronic transfer privileges at any time without revoking all owner’s fax and electronic transfer privileges.
TRANSFERS BEFORE THE ANNUITY COMMENCEMENT DATE. During the period up to 30 days before the Annuity Commencement Date, the owner may transfer all or a portion of the Accumulation Units credited under this contract among the Variable Investment Options, subject to the limit set by GIAC on the number of Variable Investment Options into which the Accumulation Value of the contract may be invested, if any. Transfers After the Annuity Commencement Date After the Annuity Commencement Date, if the owner has elected a variable annuity payout option, the owner may transfer all or a portion of the Annuity Units credited under such option among the Variable Investment Options. Transfers may be made only once each month. GIAC must receive transfer instructions in Good Order at least 15 days before the due date of the first variable annuity payment to which the transfer will apply. The number of additional Annuity Units credited to a newly elected Variable Investment Option will be equal to (a) divided by (b), where:
