Change of Fund. A portfolio might, in Our judgment, become unsuitable for investment by an Investment Option. This may happen because of a change in investment contract, or a change in the laws or regulations, or because the shares are no longer available for investment, or for some other reason. If that occurs, We have the right to substitute another portfolio of the Funds, or to invest in Funds other than the ones We show on the supplemental application. However, We would first seek approval from the SEC and, where required, the insurance regulator where this Contract is delivered.
Change of Fund. A portfolio might, in our judgment, become unsuitable for investment by a subaccount. This might happen because of a change in investment policy, or a change in the laws or regulations, or because the shares are no longer available for investment, or for some other reason. If that occurs, we have the right to substitute another portfolio of the fund, or to invest in a fund other than the one we show on the Contract Data page(s). But we would first seek approval from the SEC and, where required, the insurance regulator where this contract is delivered. INVESTMENT AMOUNT AND RETURN ON INVESTMENT Investment Amount.--The investment amount for this contract is the amount we use to compute the investment return. The investment amount is allocated among the subaccounts. The amount of the investment amount and its allocation to subaccounts depend on (1) how you choose to allocate net premiums; (2) whether or not you transfer amounts among subaccounts, as we discuss below; (3) the investment performance of the subaccounts to which amounts are allocated or transferred; (4) the amount and timing of premium payments you make; (5) whether or not you take any loan; and (6) whether or not you make any partial withdrawals. The investment amount exists only is the contract is not in default past the days of grace or if it is being continued as variable reduced paid-up insurance. The investment amount at any time is equal to the contract fund, (we explain this under contract fund,) minus the amount of any loan on the contract, minus interest accrued on the loan at 4% a year since the last Monthly Date (we explain this under Loans.) Assumed Rate of Return.--The assumed rate of return is an effective rate of 4% a year. This is the same as .01074598% a day compounded daily. Transfers Among Subaccounts.--You may transfer amounts among subaccounts as often as four times in a contract year, if the contract is not in default or if the contract is being continued under the variable reduced paid up option. To do so, you must notify us in writing in a form that meets our needs. The transfer will take effect on the date we receive your notice at our Service Office.
Change of Fund. (S): Aetna, or the Separate Account, may:
(a) Change the Fund(s) which may be invested in by the Separate Account; and (b) Replace the shares of any Fund(s) held in the Separate Account with shares of any other Fund(s). Changes must be:
(a) Approved by a majority vote of the shares in the Separate Account with respect to the Fund(s) whose shares are to be replaced; or (b) Deemed necessary by Aetna under the Investment Company Act of 1940; or (c) Deemed necessary by Aetna to accomplish the purpose of the Separate Account. Such changes are subject to the approval of the Superintendent of the New York Insurance Department and Aetna will notify the Contract Holder of such change.
Change of Fund. Employees may elect to change the fund into which the Company makes contributions up to one time per Calendar year.
Change of Fund. (S): The Company, or the Separate Account may:
(a) Change the Fund(s) which may be invested in by the Separate Account; and (b) Replace the shares of any Fund(s) held in the Separate Account with shares of any other Fund(s). The assets of the Separate Account are separated by Fund. If the shares of any Fund are no longer available for investment by the Separate Account or if in our judgment further investment in such shares should become inappropriate for the purpose of the Contract, we may cease to make such Fund shares available for investment under the Contract prospectively or substitute shares of another Fund for shares already acquired. We may also, from time to time, add additional funds. Any elimination, substitution or addition of Funds will be done in accordance with applicable state and federal securities laws. We reserve the right to substitute shares of another Fund for shares already acquired without a proxy vote. Such changes are subject to the approval of the New York Insurance Department and we will notify the Contract Holder of any change.
Change of Fund. A portfolio might, in our judgment, become unsuitable for investment by a subaccount. This might happen because of a change in investment policy, or a change in the laws or regulations, or because the shares are no longer available for investment, or for some other reason. If that occurs, we have the right to substitute another portfolio of the fund, or to invest in a fund other than the one we show on the Contract Data page(s). But we would first seek approval from the SEC and, where required, the insurance regulator where this contract is delivered. INVESTMENT BASE AND RETURN ON INVESTMENT
Change of Fund. (s) The assets of the Separate Account are segregated by Fund. If the shares of any Fund are no longer available for investment by the Separate Account or if in Aetna's judgment further investment in such shares should become inappropriate in view of the purpose of the contract, Aetna may cease to make such Fund shares available for investment under the contract prospectively, or Aetna may substitute shares of another Fund for shares already acquired. Aetna may also, from time to time, add additional Funds. Any elimination, substitution or addition of Funds will be done in accordance with applicable state and federal securities laws. Aetna reserves the right to substitute shares of another Fund for shares already acquired without a proxy vote.
Change of Fund. 18 2.03 Nonparticipating Contract: . . . . . . . . . . . 18 2.04 Payments: . . . . . . . . . . . . . . . . . . . . 18 2.05 State Laws: . . . . . . . . . . . . . . . . . . . 18 2.06 Control of Contract: . . . . . . . . . . . . . . 18 2.07
Change of Fund. Aetna, or the Separate Account may:
a) Change the Fund(s) in which the Separate Account invests; and/or b) Replace the shares of any Fund(s) held in the Separate Account with shares of any other Fund(s). Changes must be:
a) Approved by a majority vote in the Separate Account with respect to the Fund(s) whose shares are to be replaced b) Deemed necessary by Aetna under the Investment Company Act of 1940; or c) Deemed necessary by Aetna to accomplish the purpose of the Separate Account. Aetna will notify the Contract Holder of any such change.
Change of Fund. A portfolio might, in our judgment, become unsuitable for investment by a subaccount. This might happen because of a change in investment policy, or a change in the laws or regulations, or because the shares are no longer available for investment, or for some other reason. If that occurs, we have the right to substitute another portfolio of the fund, or to invest in a fund other than the one we show on the Contract Data page(s). But we would first seek approval from the SEC and, where required, the insurance regulator where this contract is delivered. INVESTMENT AMOUNT AND RETURN ON INVESTMENT Investment Amount.--The investment amount for this contract is the amount we use to compute the investment return. The investment amount is allocated among the subaccounts. The amount of the investment amount and its allocation to subaccounts depend on (1) how you choose to allocate net premiums; (2) whether or not you transfer amounts among subaccounts, as we discuss below; (3) the investment performance of the subaccounts to which amounts are allocated or transferred; (4) the amount and timing of premium payments you make; (5) whether or not you take any loan; and (6) whether or not you make any partial withdrawals. The investment amount exists only is the contract is not in default past the days of grace or if it is being continued as variable reduced paid-up
