Common use of Permitted Transfers Prior to Conversion Clause in Contracts

Permitted Transfers Prior to Conversion. Subject to Section 7 hereof, the Annuitant may only transfer funds in the LIF hereof: a) to another LIF or to a Restricted LIF; b) to a Locked-in RRSP; or c) to purchase a Life Annuity.

Permitted Transfers Prior to Conversion. Subject to Section 7 hereof, the Annuitant may only transfer funds in the LIF hereof: a) to another LIF or to a Restricted LIF; b) to a Restricted Locked-in RRSP; or c) to purchase a Life Annuity.

Permitted Transfers Prior to Conversion. Subject to Section 7 hereof, the Annuitant may only transfer funds in the LIF hereof: a) to another LIF or to a Restricted LIF; b) to a Locked-in RRSP; or c) to purchase a Life Annuity.