Common use of MAKING PURCHASE PAYMENTS Clause in Contracts

MAKING PURCHASE PAYMENTS. Initial Purchase Payment - You must make the initial purchase payment in order to put this Contract in force. The amount of your initial purchase payment is shown in the Schedule. Additional Purchase Payments - After the initial purchase payment, additional purchase payments may be made at any time while this Contract is in force and before the Income Date. The amount of any additional purchase payments may vary but are subject to limits described in the Schedule. Allocation of Purchase Payments Among the Variable and Fixed Accounts - Subject to limits described in the Schedule, you tell us how to allocate your purchase payment, less any applicable taxes, by notifying us of your choices. You specified how to allocate your initial purchase payment in your application for this Contract. Initial purchase payments allocated to the Fixed Account will be invested in Fixed Sub-Accounts with the Guarantee Periods that you specified in your application. We may, however, require that an initial purchase payment allocated to a Variable Sub-Account be invested in the Designated Sub-Account shown in the Schedule during the Free Look Period. At the end of the Free Look Period, if your initial purchase payment was allocated to the Designated Sub-Account by us, we will transfer the value of the Designated Sub-Account to the Sub-Account(s) you specified in your application. For the purpose of processing transfers from the Designated Sub-Account, the Free Look Period will end 15 days after the Contract Date. Subject to our rules, you may tell us how to allocate any additional purchase payments. If you do not tell us, they will be allocated in the same manner as your most recent purchase payment.

MAKING PURCHASE PAYMENTS. Initial Purchase Payment - You must make the initial purchase payment in order to put this Contract in force. The amount of your initial purchase payment is shown in the Schedule. Additional Purchase Payments - After the initial purchase payment, additional purchase payments may be made at any time while this Contract is in force and before the Income Date. The amount of any additional purchase payments may vary but are subject to limits described in the Schedule. Allocation of Purchase Payments Among the Variable and Fixed Interest Accounts - Subject to limits described in the Schedule, you tell us how to allocate your purchase payment, less any applicable taxes, by notifying us of your choices. You specified how to allocate your initial purchase payment in your application for this Contract. Initial purchase payments allocated to the Fixed Interest Account will be invested in Fixed Interest Sub-Accounts with the Guarantee Periods that you specified in your application. We may, however, require that an initial purchase payment allocated to a Variable Sub-Account be invested in the Designated Sub-Account shown in the Schedule during the Free Look Period. At the end of the Free Look Period, if your initial purchase payment was allocated to the Designated Sub-Account by us, we will transfer the value of the Designated Sub-Account to the Sub-Account(s) you specified in your application. For the purpose of processing transfers from the Designated Sub-Account, the Free Look Period will end 15 days after the Contract Date. Subject to our rules, you may tell us how to allocate any additional purchase payments. If you do not tell us, they will be allocated in the same manner as your most recent purchase payment.

MAKING PURCHASE PAYMENTS. Initial Purchase Payment INITIAL PURCHASE PAYMENT - You must make the initial purchase payment in order to put this Contract in force. The amount of your initial purchase payment is shown in the Schedule. Additional Purchase Payments ADDITIONAL PURCHASE PAYMENTS - After the initial purchase payment, additional purchase payments may be made at any time while this Contract is in force and before the Income Date. The amount of any additional purchase payments may vary but are subject to limits described in the Schedule. Allocation of Purchase Payments Among the Variable and Fixed Accounts ALLOCATION OF PURCHASE PAYMENTS AMONG THE VARIABLE AND FIXED ACCOUNTS - Subject to limits described in the Schedule, you tell us how to allocate your purchase payment, less any applicable taxes, by notifying us of your choices. You specified how to allocate your initial purchase payment in your application for this Contract. Initial purchase payments allocated to the Fixed Account will be invested in Fixed Sub-Accounts with the Guarantee Periods that you specified in your application. We may, however, require that an initial purchase payment allocated to a Variable Sub-Account be invested in the Designated Sub-Account shown in the Schedule during the Free Look Period. At the end of the Free Look Period, if your initial purchase payment was allocated to the Designated Sub-Account by us, we will transfer the value of the Designated Sub-Account to the Sub-Account(s) you specified in your application. For the purpose of processing transfers from the Designated Sub-Account, the Free Look Period will end 15 days after the this Contract Date. Subject to our rules, you may tell us how to allocate any additional purchase payments. If you do not tell us, they will be allocated in the same manner as your most recent purchase payment.