Common use of Change of Fund(s) Clause in Contracts

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 our 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.

Appears in 5 contracts

Samples: Variable Annuity Account B of Aetna Life Ins & Annuity Co, Variable Annuity Account B of Aetna Life Ins & Annuity Co, Variable Annuity Account B of Aetna Life Ins & Annuity Co

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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 our judgment, Aetna's judgment further investment in such shares should become inappropriate in view of the purpose of the Contractcontract, Aetna may cease to make such Fund shares available for investment under the Contract 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.

Appears in 1 contract

Samples: Variable Annuity Account B of Aetna Life Ins & Annuity Co

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