TRANSFERS AMONG SUBACCOUNTS. You may transfer some or all of the accumulated values among the subaccounts of the Variable Account. You do this by giving Written Notice. The transfer of accumulated value is subject to the following:
TRANSFERS AMONG SUBACCOUNTS. You may transfer all or part of Your Account Value among the subaccounts, subject to the Requirements and Limitations described on the Contract Schedule, and subject to Section 5.2 below. A transfer will be processed as of the end of the Valuation Period during which We receive all the information necessary to process the transfer at Our Service Center. A Transfer Fee may apply to certain transfers. The current and maximum Transfer Fee, how the fee is determined, and when and how it is collected are described on the Contract Schedule. The current Transfer Fee may be changed, but it will never exceed the maximum fee shown on the Contract Schedule. We reserve the right not to process a transfer request when the sale or purchase of shares or units is not reasonably practical due to actions taken or limitations imposed by Us or by a Fund. We also reserve the right to deduct any Redemption Fee related to short term, frequent or disruptive trading, as determined by Us, by any Fund, or under any regulatory requirements.
TRANSFERS AMONG SUBACCOUNTS. You may transfer all or part of your Contract Value among the subaccounts. Your request will be processed as of the end of the valuation period during which your request is received in good order. The number of transfers allowed each contract year without charge is shown in the Contract Schedule. We reserve the right to charge for each additional transfer as shown in the Contract Schedule. The minimum amount which may be transferred from any subaccount in any transaction is shown in the Contract Schedule. An excessive number of transfers, including short-term "market timing" transfers, may adversely affect the performance of the underlying portfolio in which a subaccount invests. If, in our sole opinion, a pattern of an excessive number of transfers develops for a Contract, we reserve the right not to process a transfer request. We also reserve the right not to process a transfer request when the sale or purchase of shares or units of an underlying portfolio is not reasonably practicable due to actions taken or limitations imposed by the underlying fund.
TRANSFERS AMONG SUBACCOUNTS. You may transfer all or part of Your Account Value among the subaccounts, subject to the Requirements and Limitations described on the Contract Schedule, and subject to Section 5.2 below. A transfer will be processed as of the end of the Valuation Period during which We receive all the information necessary to process the transfer at Our Service Center. A Transfer Fee may apply to certain transfers. The current and maximum Transfer Fee, how the fee is determined, and when and how it is collected are described on the Contract Schedule. The current Transfer Fee may be changed, but it will never exceed the maximum fee shown on the Contract Schedule. There are no transfer charges related to the allocation of the initial premium payment under the Contract, or the allocation of any subsequent premium, nor to any of the automatic transfers related to the Dollar Cost Averaging, Asset Allocation, or Rebalancing programs described below in this section. In addition, none of the transfers referenced in the previous sentence count toward the number of transfers permitted without charge each contract year. We reserve the right not to process a transfer request when the sale or purchase of shares or units is not reasonably practical due to actions taken or limitations imposed by Us or by a Fund. We also reserve the right to deduct any Redemption Fee related to short term, frequent or disruptive trading, as determined by any Fund, or under any regulatory requirements.
TRANSFERS AMONG SUBACCOUNTS. You may transfer some or all of the accumulated values among the subaccounts of the Variable Account. You do this by giving Written Notice. The transfer of accumulated value is subject to the following: 1) The total amount transferred cannot be less than the smaller of: a) $500; and b) The accumulated value in the subaccount(s) from which the transfer is being made. 2) The transfer will occur at the end of the day on which we receive Written Notice. We may defer making transfers subject to the same conditions as in Section 2.10 Deferment. W3-VC-VUL-20 page 20 Contract Number: LV1234567 ---------------------------------------------------------------------------- VARIABLE ACCOUNT AND UNIT VALUE (continued) ---------------------------------------------------------------------------- 9.5
