CHANGES TO THE VARIABLE ACCOUNTS Clause Samples

CHANGES TO THE VARIABLE ACCOUNTS. We may make additional subaccounts available. We reserve the right, subject to obtaining any necessary regulatory approvals; to eliminate subaccounts; to substitute a new portfolio for the portfolio in which a subaccount invests; to deregister either or both of the Accounts under the Investment Company Act of 1940 (the "1940 Act"); to make any changes required by the 1940 Act; to operate either or both Accounts as a managed investment company under the 1940 Act or any other form permitted by law; to transfer all or a portion of the assets of a subaccount or variable account to another subaccount or variable account pursuant to a combination or otherwise; and to create new variable accounts.