Common use of Change of Contract Clause in Contracts

Change of Contract. Only an authorized officer of GALIC may change the terms of this Contract. GALIC will notify the Contract Holder in writing at least 30 days before the effective date of any change. Any change will not affect the amount or terms of any Annuity Payout Option which begins before the change. GALIC may make any change that affects the Market Value Adjustment (SEE SECTION III- MARKET VALUE ADJUSTMENT) with at least 30 days advance written notice to the Contract Holder. Any such change shall become effective for any new Guaranteed Term and will apply to all present and future Accounts. Any change that affects any of the following under this Contract will not apply to Accounts in existence before the effective date of the change: The following will not be changed:

Change of Contract. Only an authorized officer of GALIC may change the terms of this Contract. GALIC will notify the Contract Holder in writing at least 30 days before the effective date of any change. Any change will not affect the amount or terms of any Annuity Payout Option which begins before the change. GALIC may make any change that affects the Market Value Adjustment (SEE SECTION III- MARKET VALUE ADJUSTMENT) with at least 30 days advance written notice to the Contract Holder and the Certificate Holder. Any such change shall become effective for any new Guaranteed Term and will apply to all present and future Accounts. Any change that affects any of the following under this Contract will not apply to Accounts in existence before the effective date of the change: The following will not be changed: