Automatic Rebalancing. The Owner may select automatic rebalancing on the Application or at a later date. Automatic rebalancing occurs when the Company transfers funds between the Separate Account Divisions so the values in each Division match the percentage allocation then in effect. Automatic rebalancing of the Separate Account Divisions can occur quarterly, semi-annually or annually as selected by the Owner. Automatic rebalancing will continue until we are notified by the Owner that it is to be discontinued. Annuity Income Units for automatic rebalancing will generally be priced as of the date of the transaction. However, if the date of transfer falls on a non-business day, it will be priced as of the preceding business day. The Company reserves the right to discontinue offering Automatic Rebalancing at any time. Certain restrictions may apply based upon the Payout Option selected, the amount of the Net Premium Payment, and the frequency of payments.
Automatic Rebalancing. 18 WITHDRAWALS............................................... 18
Automatic Rebalancing. X Note: Once elected on the Application, the Annuitant, Joint Annuitant, and Income Payment features cannot be changed. -------------------------------------------------------------------------------- On and after the Income Start Date, the Owner has the right to:
Automatic Rebalancing. The Owner may select automatic rebalancing on the Application or at a later date. This feature allows the Company to automatically rebalance the 03017N current proportional value of the Net Single Premium Payment allocated to each variable investment option under this Contract to correspond with allocation designated on the Application, or as later changed by the Owner. Automatic rebalancing does not guarantee gains, nor does it assure that there will not be investment losses. During automatic rebalancing the Company will take assets from the better performing Divisions and reallocate them to the lesser performing Divisions. Automatic rebalancing of the Separate Account Divisions can occur quarterly, semi-annually or annually on the Contract Date anniversary, the automatic rebalancing date. Annuity Income Units for automatic rebalancing will generally be priced as of the date of the transaction. However, if the scheduled date of the transfer falls on a non-Valuation Date, it will be priced as of the preceeding Valuation Date. The Company reserves the right to discontinue offering automatic rebalancing at any time. Certain restrictions may apply based upon the Payout Option selected, the amount of the Net Single Premium Payment, and the frequency of payments. [X] Note: Automatic rebalancing will continue until the Company is notified by the Owner that it is to be discontinued. Notification must be received at least five (5) business days prior to the next automatic rebalancing date.
Automatic Rebalancing. Note: Once elected on the Application, the Annuitant, Joint Annuitant, and Income Payment features cannot be changed.
Automatic Rebalancing. In conjunction with the Agreement that Client has established with Introducing Firm, where Client has retained Introducing Firm to perform investment advisory services for the Account, Client selects the mutual funds and target allocations as defined below. Introducing Firm will use this information to establish targets in Introducing Firm’s Rebalance Trading System (“RTS”). Changes to the target allocation, which may involve different funds and/or target percentages, must be approved by the Client. If selected on this form, the RTS will periodically or on demand review Client’s Account and, subject to certain minimum constraints, will initiate rebalancing of Client’s Account by creating buy and sell transactions. Also, if Client so directs, whenever deposits are made to or withdrawals are taken from Client’s Account, the RTS may be used to allocate the contribution or withdrawal among the funds in the Account based on the funds target specified for the Account. The RTS will only rebalance the Eligible Funds, as defined in the Asset Advisor Agreement. Client should consult their Financial Advisor regarding the eligibility of mutual funds within the Program.
Automatic Rebalancing. 8.01 What is automatic rebalancing? Automatic rebalancing transfers values between Allocation Options to return your values to the Allocation Levels on file with us, as described below. Rebalancing at Levels A and R will occur as of each Contract Anniversary according to the allocation instructions on file with us for each Allocation Level. Any new allocation change request will supersede any prior allocation change requests made. There are no limits on the number of requests that can be made. However, the latest instructions will take effect on the next Contract Anniversary. The request must be received at our Administrative Office at least one Business Day prior to the Contract Anniversary for the new instructions to be effective for that Contract Anniversary. If we do not receive an Authorized Request in time for the next Contract Anniversary, the instructions will be effective on the following Contract Anniversary. At any time, the Index Rate Cap for the Risk Control Account is less than the Bailout Rate, we may, at our discretion, restrict allocations into that Risk Control Account and may not reallocate the Contract Value to that Risk Control Account through automatic rebalancing.
Automatic Rebalancing. 4.8 What Happens if a Variable Sub-account is Not Available
Automatic Rebalancing. Prior to the Annuity Commencement Date, if you elect by providing Notice to Us, we will periodically transfer Accumulation Value as necessary to maintain a predetermined distribution among the Variable Sub-accounts. Automatic rebalancing will occur as of the close of business on the Business Day on or following the last day of each calendar quarter on a quarterly, semi-annual or annual basis as specified by you, subject to the following:
Automatic Rebalancing
