Allocation of Purchase Payments. The allocation of the initial Purchase Payment is elected by the Owner on the Application. Unless elected otherwise by the Owner, subsequent Purchase Payments are allocated in the same manner as the initial Purchase Payment. Allocation of the Purchase Payments is subject to the terms and conditions imposed by the Company.
Appears in 7 contracts
Samples: Annuity Contract (First Cova Variable Annuity Account One), Annuity Contract (Cova Variable Annuity Account One), Annuity Contract (Cova Variable Annuity Account Five)