Common use of PURCHASE PAYMENT LIMITATIONS Clause in Contracts

PURCHASE PAYMENT LIMITATIONS. Purchase Payments exceeding $1,000,000 will not be accepted without prior approval by FSBL. The Minimum Subsequent Purchase Payment amount is shown on page 3. PURCHASE PAYMENT ALLOCATION Purchase Payments will be allocated among the Subaccounts. The allocations may be a whole dollar amount or a whole percentage and no less than $25 per Purchase Payment may be allocated to any Account. Purchase Payments will be allocated according to the Owner's instructions in the Application or more recent instructions, if any. The Owner may change the allocations by written notice to FSBL.

Appears in 4 contracts

Samples: Variable Annuity Account A, Variable Annuity Account A, Variable Annuity Account A

AutoNDA by SimpleDocs

PURCHASE PAYMENT LIMITATIONS. Purchase Payments exceeding $1,000,000 will not be accepted without prior approval by FSBL. The Minimum Subsequent Purchase Payment amount is shown on page 3. PURCHASE PAYMENT ALLOCATION Purchase Payments will be allocated among the Fixed Account and the Subaccounts. The allocations may be a whole dollar amount or a whole percentage and no less than $25 per Purchase Payment may be allocated to any Account. Purchase Payments will be allocated according to the Owner's instructions in the Application or more recent instructions, if any. The Owner may change the allocations by written notice to FSBL.

Appears in 2 contracts

Samples: First Security Benefit Life (Variable Annuity Account B), First Security Benefit Life (Variable Annuity Account B)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.