Allocations To The Fixed Options. We reserve the right to limit aggregate allocations to the Fixed Options during the most recent 12 months for all policies in which you have an ownership interest or to which payments are made by a single payor, as follows: • $1,000,000 for Net Premiums • $100,000 for loan repayments and transfers Any excess over such limits will be allocated to your other Investment Options according to your most recent instructions. Allocations include Net Premium payments, transfers and loan repayments
Allocations To The Fixed Options. We reserve the right to limit aggregate allocations to the Fixed Options as shown in Allocations to the Fixed Options Limitations, in the Policy Specifications. Any excess over such limits will be allocated to your other Investment Options according to your most recent instructions. Allocations include Net Premium payments, transfers and loan repayments.
Allocations To The Fixed Options. We reserve the right to limit the amount allocated to the Fixed Options to $1,000,000 during the most recent 12 months for all policies in which you have an ownership interest or to which payments are made by a single payor. Policies that are MEC’s may not make any allocations to the Fixed LT Account. Allocations include Net Premium payments, transfers and loan repayments. Any excess over $1,000,000 will be allocated to your other Investment Options according to your most recent instructions. We may increase the $1,000,000 limit at any time at our sole discretion. You may contact us to find out if a higher limit is in effect.
Allocations To The Fixed Options. We reserve the right to limit aggregate allocations to the Fixed Options as shown in Allocations to the Fixed Options Limitations, in the Policy Specifications. Any excess over such limits will be allocated to your other Investment Options according to your most recent instructions. Allocations include Net Premium payments, transfers and loan repayments. ICC19 P19VUL Page [17] POLICY CHARGES Monthly Deduction – The Monthly Deduction provides coverage for the Policy month following the Monthly Payment Date and is deducted from the Accumulated Value on each such date before the Monthly Deduction End Date. It is equal to the sum of the following items: · The Cost of Insurance Charge; · The Administrative Charge; · The Coverage Charge; · The Indexed Fixed Option Charge, if any; · The Asset Charge, if any; and · Rider or benefit charges, if any. The result of each Monthly Deduction will either be an Account Addition or an Account Deduction. The maximum for each such charge is described below or in the rider or benefit forms. We may charge less than such maximum charge. Any lesser charge will apply uniformly to all members of the same Class. The charges, including the Cost of Insurance Charge, can be adjusted by us in our sole and exclusive discretion and such adjustment can be based on our experience factors such as investment earnings, mortality, persistency, taxes, and expenses, but will not exceed the maximums as shown in the Policy Specifications. We may profit from such charges, and may use those profits for any lawful purpose, such as the payment of distribution and administrative expenses. The Monthly Deduction is deducted from the Policy’s Investment Options. There are no Monthly Deductions on and after the Monthly Deduction End Date, which is shown in the Policy Specifications.
