Common use of Allocation of Net Premiums Clause in Contracts

Allocation of Net Premiums. Any premiums received before the Contract Date are applied entirely to the General Account. On the Contract Date, the amount in that account equal to the premium payments received will be applied as a premium payment. Any balance remaining for this contract will be applied as a Net Premium on that date. After the Contract Date, payments are applied on the date we receive them. Each Net Premium will be applied to the subaccounts of the Variable Account according to the premium allocation percentages for this contract. The initial premium allocation percentages are specified in the Application. You may change these premium allocation percentages by giving Written Notice. The change will be effective for each premium received with or after your notice. The sum of the premium allocation percentages must be 100%, and each premium allocation percentage must be a whole number not more than 100%. We reserve the right to adjust your allocation to eliminate fractional percentages.

Allocation of Net Premiums. Any premiums received before the * Contract Date are applied entirely to the General Account. On the Contract Date, the amount in that account equal to the premium payments received will be applied as a premium payment. Any balance remaining for this contract will be applied as a Net Premium on that date. After the Contract Date, payments are applied on the date we receive them. Each Net Premium will be applied to the subaccounts of the Variable * Account according to the premium allocation percentages for this * contract. The initial premium allocation percentages are specified * in the Application. * You may change these premium allocation percentages by giving * Written Notice. The change will be effective for each premium * received with or after your notice. The sum of the premium * allocation percentages must be 100%, and each premium allocation * percentage must be a whole number not more than 100%. We reserve the right to adjust your allocation to eliminate fractional percentages.

Allocation of Net Premiums. Any premiums received before the Contract Date are applied entirely to the General Accountgeneral account. On the Contract Date, the amount in that account equal to the premium payments received will be applied as a premium payment. Any balance remaining for this contract will be applied as a Net Premium on that date. After the Contract Date, payments are applied on the date we receive them. Each Net Premium will be applied to the subaccounts of the Variable Account according to the premium allocation percentages Premium Allocation Percentages for this contract. The initial premium allocation percentages Premium Allocation Percentages are specified in the Application. You may change these premium allocation percentages by giving Written Notice. The change will be effective for each premium received with or after your notice. The sum of the premium allocation percentages Premium Allocation Percentages must be 100%, and each premium allocation percentage Premium Allocation Percentage must be a whole number not more than 100%. We reserve the right to adjust your allocation to eliminate fractional percentages.