Switching and Redirection. The Contract Owner may, upon written request (the “Switch-Request”) to the Company, at his/her own discretion and in accordance with the provisions contained herein in paragraph 5, switch the total or part of his/her current Investment Account between the various available Funds under the present Contract at the switch date. The amount transacted is subject to the Company’s switch fee prevailing at the date of the transaction. Alternatively, upon written request (the “Redirection- Request”) to the Company, the Contract Owner may redirect future contributions between the various Unit Linked Funds at the redirection date. Following the receipt of the Switch-Request by the Company, the process will be as follows: Redeem the related allocated units from the Unit Linked Funds and convert them to cash in this transition account using the bid price determined on the first valuation date following the receipt of the Switch-Request. The cash amount so determined for switching and/or the incoming cash for redirecting will then be used to allocate units for selected Unit Linked Funds, in such proportion as set out in the Switch or Redirection-Request on the earliest allocation/ redemption date following the Switch-Redirection. Any Switch-Request will not affect amounts already allocated to the transition accounts that will follow the previously agreed Funds selection distribution. The amount transacted is subject to the Company’s switch fee prevailing at the date of the transaction.
