ALLOCATION OF PURCHASE PAYMENTS. Invested Purchase Payments are allocated to one or more of the Allocation Options in accordance with your selection. The allocation of the initial Invested Purchase Payment is made in accordance with your selection made on the Contract Date. You may change the allocation of future Invested Purchase Payments at any time. If, after the Initial Purchase Payment, we receive a Purchase Payment without allocation instructions, we will allocate the corresponding Invested Purchase Payment in the same proportion as the most recent Purchase Payment you made (unless that was a Purchase Payment you directed us to allocate on a one-time only basis.) Assuming that all other requirements are received in Good Order, we reserve the right to allocate your initial Invested Purchase Payment to the Money Market Subaccount until we receive your allocation selection. All allocations of Invested Purchase Payments are subject to the Allocation Guidelines shown on the Contract Data pages. Currently, you may select as many of the available Allocation Options as you wish. However, we reserve the right to limit this in the future, if necessary, in order to comply with federal or state law, subject to regulatory approval. If the Purchase Payment and forms required to issue a Contract are in Good Order, the initial Invested Purchase Payment will be credited to your Contract within two (2) Business Days after receipt at the Annuity Service Center. Additional Invested Purchase Payments will be credited to your Contract as of the Business Day they are received.
ALLOCATION OF PURCHASE PAYMENTS. The allocation of purchase payments is made in accordance with your selection made at the contract date. We reserve the right to allocate initial purchase payments to the money market or similar subaccount during the free look period. Unless you elect otherwise, subsequent purchase payments will be allocated in accordance with your initial selection. You may change the allocation of purchase payments by written notice. Any additional purchase payments will be allocated in accordance with the allocation schedule in effect unless accompanied by written notice requesting a different allocation. Only whole percentages may be applied. The minimum percentage that may be allocated is shown on the contract data page. Purchase payments may be allocated net of any government imposed tax charges. CONTRACT VALUE
ALLOCATION OF PURCHASE PAYMENTS. Purchase Payments are allocated to one or more of the Funds of the Variable Account in accordance with your selection. The allocation of the initial Purchase Payment is made in accordance with your selection made at the Issue Date. Unless you inform us otherwise, subsequent Purchase Payments are allocated in the same manner as the initial Purchase Payment. However, the Company has reserved the right to allocate the initial Purchase Payment to the Money Market Fund until the expiration of the Right to Examine period. All allocations of Purchase Payments are subject to the Allocation Guidelines shown on the Contract Schedule. We guarantee that you will be allowed to select at least five Funds for allocation of Purchase Payments. VARIABLE ACCOUNT
Examples of ALLOCATION OF PURCHASE PAYMENTS in a sentence
ALLOCATION OF PURCHASE PAYMENTS You specified the initial allocation of Purchase Payments on your application for this contract.
ALLOCATION OF PURCHASE PAYMENTS You instruct Us on how You want Your purchase payments allocated among the available accounts.
ALLOCATION OF PURCHASE PAYMENTS Because this rider requires participation in our asset allocation program, allocation of purchase payments shall be determined by the asset allocation model.
ALLOCATION OF PURCHASE PAYMENTS Because this rider requires asset allocation to specified investment options, allocation of purchase payments shall be determined by Your investment option selection from investment options available for this rider.
ALLOCATION OF PURCHASE PAYMENTS We will allocate Purchase Payments to the Fixed Account options and/or to the Sub-Accounts according to the instructions we receive by Written Request.
More Definitions of ALLOCATION OF PURCHASE PAYMENTS
ALLOCATION OF PURCHASE PAYMENTS. Net Purchase Payments are allocated to one or more of the Fixed Account and/or the MVA Account Guarantee Period options and/or to one or more Sub-Accounts of the Variable Account in accordance with the selections made by the Owner. The allocation of the initial Net Purchase Payment for an Owner is made in accordance with the selection made by the Owner at the Contract Issue Date. Unless otherwise changed by the Owner, subsequent Net Purchase Payments are allocated in the same manner as the initial Net Purchase Payment. Allocation of the Net Purchase Payments is subject to the Allocation Guidelines shown on the Contract Schedule. The Company has reserved the right to allocate initial Net Purchase Payments to the Money Market Sub-Account (except for any amounts allocated to the Fixed Account and/or MVA Account) until the expiration of the Right to Examine period. SEPARATE ACCOUNT PROVISIONS
ALLOCATION OF PURCHASE PAYMENTS. Purchase Payments are allocated to the Fixed Account and/or to one or more of the MVA Account Guarantee Period options and/or to one or more Sub-Accounts of the Variable Account in accordance with the selections made by the Owner. The allocation of the initial Purchase Payment for an Owner is made in accordance with the selection made by the Owner at the Contract Issue Date. Unless otherwise changed by the Owner, subsequent Purchase Payments are allocated in the same manner as the initial Purchase Payment. Allocation of the Purchase Payments is subject to the Allocation Guidelines shown on the Contract Schedule. The Company reserves the right to allocate initial Purchase Payment to the Money Market Sub-Account (except for any amounts allocated to the Fixed Account and/or MVA Account) until the expiration of the Right to Examine Period. SEPARATE ACCOUNT PROVISIONS
ALLOCATION OF PURCHASE PAYMENTS. Purchase Payments are allocated to one or more of the Investment Options in accordance with your selection. The allocation of the initial Purchase Payment is made in accordance with your selection made at the Issue Date. Unless you inform us otherwise, subsequent Purchase Payments are allocated in the same manner as the initial Purchase Payment. However, the Company has reserved the right to allocate the initial Purchase Payment to the Money Market Investment Option until the expiration of the Right to Examine period. All allocations of Purchase Payments are subject to the Allocation Guidelines shown on the Contract Schedule. We guarantee that you will be allowed to select at least five Investment Options for such allocations. VARIABLE ACCOUNT THE VARIABLE ACCOUNT: The Variable Account is designated on the Contract Schedule. It consists of assets we have set aside and have kept separate from the rest of our assets and those of our other separate accounts. The assets of the Variable Account, equal to reserves and other liabilities of your Contract and those of other Contract Owners, will not be charged with liabilities arising out of any other business we may conduct. The Variable Account assets are divided into sub-accounts. Each sub-account invests exclusively in one Investment Option. The Investment Options are shown on the Contract Schedule. We may add Investment Options in the future. You may be permitted to transfer your Contract Value or allocate Purchase Payments to any new Investment Options. However, the right to make such transfers or allocations will be limited by any terms and conditions we may impose. We may limit further purchase of shares of an Investment Option or substitute shares of another Investment Option for shares already purchased, subject to the requirements of applicable law. VALUATION OF ASSETS: Assets of each Investment Option will be valued at its Net Asset Value on each Valuation Date.
ALLOCATION OF PURCHASE PAYMENTS. Invested Purchase Payments are allocated to one or more of the Allocation Options in accordance with your selection. The allocation of the initial Invested Purchase Payment is made in accordance with your selection made on the Contract Date. Unless you inform us otherwise, subsequent Invested Purchase Payments will be allocated in the same manner, subject to availability, as the initial Invested Purchase Payment. Assuming that all other requirements are received in Good Order, we reserve the right to allocate your initial Invested Purchase Payment to the Money Market Subaccount until we receive your allocation selection. In addition, the Company has reserved the right to allocate the initial Invested Purchase Payment to the Money Market Subaccount under the 10 Day Right to Cancel Contract provision set forth on the face page of this Contract. All allocations of Invested Purchase Payments are subject to the Allocation Guidelines shown on the Contract Data pages. Currently, you may select as many of the available Allocation Options as you wish. However, we reserve the right to limit this in the future. If the Purchase Payment and forms required to issue a Contract are in Good Order, the initial Invested Purchase Payment will be credited to your Contract within two (2) business days after receipt at the Annuity Service Center. Additional Invested Purchase Payments will be credited to your Contract as of the Business Day they are received.
ALLOCATION OF PURCHASE PAYMENTS. Net Purchase Payments are allocated to one or more of the Sub-Accounts of the Variable Account in accordance with the selections made by the Owner, Registered Representative or Financial Advisor. The allocation of the initial Net Purchase Payment for an Owner is made in accordance with the selection made by the Owner, Registered Representative or Financial Advisor at the Contract Issue Date. Unless otherwise changed by the Owner, Registered Representative or Financial Advisor, subsequent Net Purchase Payments are allocated in the same manner as the initial Net Purchase Payment. Allocation of the Net Purchase Payments is subject to the Allocation Guidelines shown on the Contract Schedule. The Company reserves the right to allocate initial Net Purchase Payments to the Money Market Sub-Account until the expiration of the Right to Examine period. SEPARATE ACCOUNT PROVISIONS
ALLOCATION OF PURCHASE PAYMENTS. We will allocate your Purchase Payments to the Allocation Options according to your instructions as contained in our records at the time the Purchase Payment is received at our Administrative Office. Your initial allocation instructions are contained in the Application but may be changed at any time by written notice. Allocations are to be made in whole percentages and you may not allocate any one Purchase Payment to more than 10 Allocation Options.
ALLOCATION OF PURCHASE PAYMENTS. Net Purchase Payments are allocated to one or more of the Fixed Account or the MVA Account Guarantee Period options and/or to one or more Sub-Accounts of the Separate Account in accordance with the selections made by the Certificate Holder. The allocation of the initial Net Purchase Payment for a Certificate Holder is made in accordance with the selection made by the Certificate Holder at the Issue Date. Unless otherwise changed by the Certificate Holder, subsequent Net Purchase Payments are allocated in the same manner as the initial Net Purchase Payment. Allocation of the Net Purchase Payments is subject to the Allocation Guidelines shown on the Certificate Schedule. The Company has reserved the right to allocate initial Net Purchase Payments to a Money Market Sub-Account until the expiration of the Right to Examine period. SEPARATE ACCOUNT PROVISIONS