Common use of TRANSFER CHARGE Clause in Contracts

TRANSFER CHARGE. We may charge a Transfer Charge for the thirteenth and each subsequent requested transfer of Accumulated Value between and among the Fixed Account and the Sub- Accounts occurring during any Policy Year. Transfers to or from more than one account at the same time shall be treated as one transfer. The Transfer Charge may not exceed the Maximum Transfer Charge stated in the Data Section. Transfer Charges shall be allocated among and deducted from the Fixed Account and the Sub-Accounts in proportion to the Accumulated Values to be transferred from such accounts. No Transfer Charge will be imposed for the following transactions, nor will any of the following transactions be counted against the twelve free transfers allowed each Policy Year:

TRANSFER CHARGE. We may charge a Transfer Charge for the thirteenth and each subsequent requested transfer of Accumulated Value between and among the Fixed General Account and the Sub- Sub-Accounts occurring during any Policy Year. Transfers to or from more than one account at the same time shall be treated as one transfer. The Transfer Charge may not exceed the Maximum Transfer Charge stated in the Data Section. Transfer Charges shall be allocated among and deducted from the Fixed General Account and the Sub-Accounts in proportion to the Accumulated Values to be transferred from such accounts. No Transfer Charge will be imposed for the following transactions, nor will any of the following transactions be counted against the twelve free transfers allowed each Policy Year: