Common use of Optional Redemptions or Repayments Clause in Contracts

Optional Redemptions or Repayments. If so specified in Schedule A and subject to any restrictions provided therein, the Insurance Company shall pay to the Owner one or more Contract Payments in an amount sufficient to redeem or repay the Notes backed by this Contract, pursuant to any limited right of redemption or repayment contained in such Notes. The Insurance Company may require reasonable evidence that the redemption or payment request satisfies all of the terms and conditions described in the prospectus, prospectus supplement and/or pricing supplement applicable to such Note(s).