ALLOCATION OPTIONS definition
Examples of ALLOCATION OPTIONS in a sentence
RIGHT TO CANCEL – CONTINUED IF THIS CONTRACT IS RETURNED DURING THE RIGHT TO CANCEL PERIOD DESCRIBED ON THE FRONT COVER, GIAC WILL PAY TO THE OWNER AN AMOUNT EQUAL TO THE SUM OF: • THE DIFFERENCE BETWEEN ANY PREMIUM(S) PAID, INCLUDING ANY CONTRACT FEE OR CONTINGENT DEFERRED SALES CHARGE, AND THE AMOUNTS ALLOCATED TO THE CONTRACT’S ALLOCATION OPTIONS; AND • THE ACCUMULATION VALUE OF THE CONTRACT ON THE DATE GIAC RECEIVES THE RETURNED CONTRACT AND CANCELLATION NOTICE AT ITS CUSTOMER SERVICE OFFICE.
CONTRACT VALUE ALLOCATION OPTIONS While this rider is in effect, the full Contract Value must be allocated to an allocation plan approved by us.
RIGHT TO CANCEL - CONTINUED IF THIS CONTRACT IS RETURNED DURING THE RIGHT TO CANCEL PERIOD, GIAC WILL PAY TO THE OWNER AN AMOUNT EQUAL TO THE SUM OF: o THE DIFFERENCE BETWEEN ANY PREMIUM(S) PAID, INCLUDING ANY CONTRACT FEE OR CONTINGENT DEFERRED SALES CHARGE, AND THE AMOUNTS ALLOCATED TO THE CONTRACT'S ALLOCATION OPTIONS; AND o THE ACCUMULATION VALUE OF THE CONTRACT ON THE DATE GIAC RECEIVES THE RETURNED CONTRACT AND CANCELLATION NOTICE AT ITS CUSTOMER SERVICE OFFICE.