Common use of NON-SEGREGATION OF FUNDS Clause in Contracts

NON-SEGREGATION OF FUNDS. Any proceeds held by us in the fixed interest option of this agreement may be mingled with the general funds of the Company. We will not be under any duty or requirement to segregate or separately invest the proceeds of the fixed account. 3.1 PAYMENT OPTIONS The payment option the owner has chosen is listed on page 3 of this agreement. Under this option, payments may be made on a fixed dollar basis, a variable basis, or a combination of both. 3.2 ALLOCATION On the effective date, the owner will determine the percentage of proceeds that will be allocated to the fixed interest option and the subaccounts. Any allocation must be for at least 10% of the proceeds. A fractional percent may not be chosen.