Allocation of Contributions. If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.
Appears in 4 contracts
Samples: Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account)
Allocation of Contributions. If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to right-to-cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to right-to-cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.
Appears in 2 contracts
Samples: Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny)
Allocation of Contributions. If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.. J100-ny 7 SECTION 4: ANNUITY ACCOUNT VALUE PROVISIONS
Appears in 2 contracts
Samples: Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account)
