Transfer Privilege. A Member is eligible to transfer his or her dental care coverage to a BCI individual contract if the Member ceases to be eligible for coverage under this Contract. If a Member’s enrollment status changes as indicated below, the following Members may apply for transfer:
A. The Enrollee, if the Enrollee ceases to be an Eligible Employee as specified in the Eligibility and Enrollment Section. The Enrollee may include enrolled Eligible Dependents in the Enrollee’s application for transfer.
B. An enrolled dependent child who ceases to be an Eligible Dependent as specified in the Eligibility and Enrollment Section.
C. The Enrollee’s spouse (if a Member) upon entry of a final decree of divorce or annulment.
D. The Enrollee’s enrolled Eligible Dependents upon the Enrollee’s death.
Transfer Privilege. Before the Maturity Date, you may transfer all or part of the amount in the Subaccount(s) to another Subaccount(s) or to the Guaranteed Account, or transfer a part of an amount in the Guaranteed Account to the Subaccount(s), subject to the availability of a Subaccount or shares of a portfolio and subject to these general restrictions and the additional restrictions below:
Transfer Privilege. At any time during the Accumulation Period the Participant may transfer all or part of the Participant's Account Value to one or more Sub-Accounts or Guarantee Periods, subject to the conditions set forth below. Except as described below, a transfer will generally be effective on the date the Company receives the request for transfer. Transfers involving Sub-Accounts will reflect the purchase or cancellation of Variable Accumulation Units having an aggregate value equal to the dollar amount being transferred to or from a particular Sub-Account. The purchase or cancellation of such units shall be made using Variable Accumulation Unit values of the applicable Sub-Account for the Valuation Period during which the transfer is effective. Transfers to a Guarantee Period will result in a new Guarantee Period for the amount being transferred. Any such Guarantee Period will begin on the effective date of the transfer and end on the Renewal Date. The amount transferred into such Guarantee Period will earn interest at the Guaranteed Interest Rate declared by the Company for that Guarantee Period as of the effective date of the transfer. Transfers will be subject to the following conditions:
Transfer Privilege. Section 7
Transfer Privilege. 7.1 CAN YOU TRANSFER Subject to our right to modify, suspend or VALUES BETWEEN terminate the transfer privilege, you may INVESTMENT OPTIONS? transfer contract value between the subaccounts or to any other available investment option provided by endorsement as allowed by that endorsement. Transfers are subject to all of the following:
a.) the transfer request must be by written request;
b.) the transfer request must be received in our home office prior to the payout date;
c.) the transfer is to a subaccount or any other available investment option provided by endorsement; and
d.) the deduction of any transfer fees that we may impose. We reserve the right to impose a transfer fee, not to exceed $10 per requested transfer. A transfer fee, if imposed, will be deducted from the investment option from which the transfer is made. If a transfer is made from more than one investment option at the same time, the transfer fee will be deducted pro-rata from the value in such investment option(s). We reserve the right to modify, suspend or terminate the transfer privilege for any contract or class of contracts at any time for any reason. We also reserve the right to impose restrictions on your ability to transfer contract value between or among subaccounts. For most classes of contracts, we anticipate imposing restrictions on the ability to transfer contract value and reserve the right to change such restrictions for any class of contracts at any time. The current prospectus, or other disclosure statement, will disclose the details of such restrictions. Such restrictions may include, but are not limited to, the requirement of a minimum time period between each transfer or limiting the dollar amount that can be transferred to and from the subaccounts at any one time. In addition to such restrictions, we may impose or collect any fees by a fund in connection with the redemption of its shares or otherwise required by applicable law. We reserve the right to refuse any transfer instructions that, in our judgement and in our sole discretion, may be harmful to the separate account, any subaccount or underlying fund, or to other owners.
Transfer Privilege. At any time during the Accumulation Period, other than during the "Right to Examine Contract" period, the Owner may transfer all or part of the Annuity Account Value to one or more of the Fixed or Variable Account Sub-Accounts then available under the contract, subject to the provisions set forth below. Transfer requests must be made in writing. Transfer requests must be received at the Company's Servicing Office prior to the time of day set forth in the prospectus, and provided the New York Stock Exchange is open for business, in order to be processed as of the close of business on the date the request is received; otherwise, the transfer will be processed on the next business day the New York Stock Exchange is open for business. Transfers involving Variable Account Sub-Accounts will reflect the purchase or cancellation of Variable Accumulation Units having an aggregate value equal to the dollar amount being transferred to or from a particular Variable Account Sub-Account. The purchase or cancellation of such units shall be made using Variable Accumulation Unit Values of the applicable Variable Account Sub-Account at the end of the Valuation Period for which the transfer is effective. Transfers to a Fixed Account Sub-Account will result in a new Guaranteed Period for the amount being transferred. Any such Guaranteed Period will begin on the effective date of the transfer. The amount transferred into such Fixed Account Sub-Account will earn interest at the Guaranteed Interest Rate declared by the Company for that Guaranteed Period as of the effective date of the transfer.
Transfer Privilege. CAN YOU TRANSFER Your variable contract value may be VALUES TO AND FROM transferred to any available fixed period FIXED PERIODS? other than a DCA fixed period at any time. Transfers from any fixed period other than a DCA fixed period will be allowed only during the 30-day period prior to the expiration date of that fixed period. Transfers to or from a fixed period are subject to all of the following:
Transfer Privilege. 11.1 Transfer Fees Six transfers per year may be made from subaccounts and the fixed account free of charge. Any unused free transfers do not carry over to the next contract year. Any additional transfers during a contract year will be charged a $25 transfer fee. For the purpose of assessing a fee, each written request or telephone request is considered to be one transfer. The processing fee will be deducted from the amount being transferred, or from the remaining contract value, according to your instructions. Section 11: Transfer Privileges (continued)
11.2 Transfers From Subaccounts After the right to examine period, you may transfer all or a part of an amount from the value in any subaccount of the variable account to one or more of the subaccounts of the variable account or to the fixed account. The minimum amount that you may transfer is the lesser of:
(1) $250; or
(2) the total value in that subaccount on that date. Any transfer that would reduce the amount in a subaccount below $250 will be treated as a transfer request for the entire amount in that subaccount. A transfer fee may apply as described in Section 11.1, Transfer Fees. We may suspend or modify this transfer privilege at any time.
Transfer Privilege. 8.1 CAN YOU TRANSFER Your variable contract value may be transferred VALUES AMONG AND among the subaccounts. Transfers are subject to BETWEEN THE the following: SUBACCOUNTS?
a.) the transfer request must be by written request;
b.) the transfer request must be received in our home office prior to the payout date; and
c.) the deduction of any transfer fees that we may impose. You may make 12 transfers per contract year without charge. Each transfer after the 12th transfer may be assessed a transfer fee. The maximum transfer fee is shown on the data page. The transfer fee charged, if any, will never be greater than the maximum and will be deducted from the subaccount(s) from which the transfer is made. If a transfer is made from more than one subaccount at the same time, the transfer fee will be deducted pro-rata from the remaining variable contract value in such subaccount(s). We reserve the right to waive the transfer fees and to modify or eliminate the transfer privilege
Transfer Privilege. TRANSFER FEES Twelve transfers per year may be made free of charge. Any unused free transfers do not carry over to the next contract year. Any additional transfers during a contract year will be charged a $25 transfer fee. For the purpose of assessing a fee, each written request or telephone request is considered to be one transfer. Transfers made pursuant to an asset allocation or dollar cost averaging program we may offer do not count toward these 12 transfers. The transfer fee will be deducted from the amount being transferred. TRANSFERS FROM After the Right to Examine Period, you may transfer all or a part SUBACCOUNTS of an amount from the value in any subaccount of the variable account to one or more of the subaccounts of the variable account. Transfers may also be made to the fixed account, but not during the six months following any transfer from the fixed account into one or more subaccounts. The minimum amount that you may transfer is the lesser of :
1. $100; or
2. the total value in that subaccount on that date. Any transfer that would reduce the amount in a subaccount below $500 will be treated as a transfer request for the entire amount in that subaccount. A transfer fee may apply as described above. We may suspend or modify this transfer privilege at any time. Transfers will be processed based on values determined at the end of the valuation day during which the transfer request is received at our home office. TRANSFERS FROM THE You may transfer an amount from the value in the fixed account to FIXED ACCOUNT one or more subaccounts of the variable account one time during the contract year during the 30 days following an anniversary of the issue date. The minimum amount that you may transfer is the lesser of:
1. $100; or
2. the total value in that subaccount on that date. Any transfer that would reduce the amount in the fixed account below $500 will be treated as a transfer request for the entire amount in the fixed account. We can postpone transfers from the fixed account for up to six months from the date of the request. A transfer fee may apply as described above. We may suspend or modify this transfer privilege at any time.
