OPTION PACKAGES Clause Samples
OPTION PACKAGES. The Contract offers three Option Packages regarding calculation of the death benefit and the ability to withdraw money free of Deferred Sales Charge. The ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/Archives/▇▇▇▇▇/data/836687/000091205701522500/a2051672zex-99... 11/06/2017 Option Package selected is reflected in the SCHEDULE-ACCUMULATION PERIOD attached to the Contract. At initial purchase, the Schedule Effective Date is the same as the Account Effective Date. If, at a later date, the Contract Holder wishes to replace the current Option Package with another available Option Package, the Contract Holder may do so upon any anniversary of the Account Effective Date. A different SCHEDULE-ACCUMULATION PERIOD may apply to each Contract Holder depending upon the Option Package selected. Below is a description of the ability to elect other Option Packages and the contractual provisions of each Option Package.
OPTION PACKAGES. The Contract offers three Option Packages regarding calculation of the death benefit and the ability to withdraw money free of Deferred Sales Charge. The Option Package selected is reflected in the SCHEDULE-ACCUMULATION PERIOD attached to the Certificate. At initial purchase, the Schedule Effective Date is the same as the Account Effective Date. If, at a later date, the Certificate Holder wishes to replace the current Option Package with another available Option Package, the Certificate Holder may do so upon any anniversary of the Account Effective Date. A different SCHEDULE-ACCUMULATION PERIOD may apply to each Certificate Holder depending upon the Option Package selected. Below is a description of the ability to elect other Option Packages and the contractual provisions of each Option Package.