Common use of Directing Investments Clause in Contracts

Directing Investments. All investment directions must be in a format or manner acceptable to us. You may invest in any SIMPLE IRA investments that you are qualified to purchase, and that we are authorized to offer and do offer at the time of the investment selection, and that are acceptable under the applicable laws governing retirement plans. Your SIMPLE IRA investments Required minimum distributions will be based on Treasury will generally be registered in our name or our nominee's name Regulations in addition to our then current policies and procedures. for the benefit of your SIMPLE IRA. Specific investment The required minimum distribution regulations are described within information may be provided at the time of the investment. the Disclosure Statement. In the event you fail to take a required Based on our policies, we may allow you to delegate the minimum distribution we may do nothing, distribute your entire investment responsibility of your SIMPLE IRA to an agent by SIMPLE IRA balance, or distribute the amount of your required providing us with written notice of delegation in a format minimum distribution based on our own calculation.