DISTRIBUTION EXPENSE CHARGE. Each Valuation Period, we deduct a Distribution Expense Charge from the Separate Account which is equal, on an annual basis, to the amount shown on the Contract Schedule. The Distribution Expense Charge compensates the Company for costs associated with the distribution of Contracts.
DISTRIBUTION EXPENSE CHARGE. Each Valuation Period, the Company deducts a Distribution Expense Charge from the Variable Account which is equal, on an annual basis, to the amount shown on the Contract Schedule. The Distribution charge compensates the Company for the costs associated with the distribution of the Contracts. MVA ACCOUNT PROVISIONS MVA ACCOUNT: The assets of the MVA Account will not be charged with liabilities arising out of any other business the Company may conduct. Purchase Payments may be allocated to one or more of the MVA Account Guarantee Period options which are available at the time the Purchase Payment is made. The initial MVA Account Guarantee Period options are shown on the Contract Schedule. In addition, during the Accumulation Period, Contract Values can be transferred from the Variable Account and/or the Fixed Account to one or more of the MVA Account Guarantee Period options.
DISTRIBUTION EXPENSE CHARGE. [NONE] TRANSFERS: NUMBER OF TRANSFERS PERMITTED: [There are currently no limits on the number of transfers that can be made during the Accumulation Period. Certificate Owners are permitted two transfers per Certificate Year during the Annuity Period.] TRANSFER FEE: [The Company does not assess a Transfer Fee on one transfer in a 30 day period during the Accumulation Period or the two transfers permitted during the Annuity Period. You can transfer among the Sub-Accounts at least once every 30 days. If you transfer more often, you may be assessed a $25 fee. The Company reserves the right to change the transfer fee. All reallocations made on a given date count as one transfer. Transfers made at the end of the Right to Examine Contract period by the Company and any transfers made pursuant to a pre-approved Dollar Cost Averaging Program or pursuant to a pre-approved Rebalancing Program will not be counted in determining the application of the Transfer Fee.] MINIMUM AMOUNT TO BE TRANSFERRED: [$500 (from any Sub-Account or any Guarantee Period of the MVA Account), or the Certificate Owner's entire interest in the Sub-Account or the Guarantee Period, if less. This requirement is waived if the transfer is pursuant to a pre-approved Dollar Cost Averaging Program or Rebalancing Program. Transfers from the Fixed Account are limited to 20% of the Contract Value every six (6) months.] MINIMUM AMOUNT WHICH MUST REMAIN IN EACH ACCOUNT AFTER A TRANSFER: [$500 per Sub-Account or a Guarantee Period in the MVA Account; or $0 if the entire amount in any Sub-Account of the Variable Account or a Guarantee Period in the MVA Account is transferred.] MAXIMUM AMOUNT WHICH CAN BE TRANSFERRED FROM THE FIXED ACCOUNT OR MVA ACCOUNT TO THE VARIABLE ACCOUNT: [NONE] WITHDRAWALS: CONTINGENT DEFERRED SALES CHARGE: A Contingent Deferred Sales Charge is assessed against each Purchase Payment withdrawn [and will result in a reduction in remaining Contract Value.] The Purchase Payment is tracked from its date of receipt and the charges are determined in accordance with the following: Number of Years from Receipt Contingent Deferred of Purchase Payment Sales Charge ------------------- ------------ 1st Year 7% 2nd Year 7% 3rd Year 6% 4th Year 5% 5th Year 4% 6th Year 3% 7th Year 2% 8th Year and later 0%
Examples of DISTRIBUTION EXPENSE CHARGE in a sentence
DISTRIBUTION EXPENSE CHARGE: [None] CONTRACT MAINTENANCE CHARGE: The contract maintenance charge is currently [$40] each Contract Year.
DISTRIBUTION EXPENSE CHARGE: Each Valuation Period, the Company deducts a Distribution Expense Charge from the Separate Account which is equal, on an annual basis, to the amount shown on the Contract Schedule.
DISTRIBUTION EXPENSE CHARGE : Each Valuation Period, the Company deducts a Distribution Expense Charge from the Variable Account which is equal, on an annual basis, to the amount shown on the Certificate Schedule.
DISTRIBUTION EXPENSE CHARGE: Each Valuation Period, the Company deducts a Distribution Expense Charge from the Variable Account which is equal, on an annual basis, to the amount shown on the Certificate Schedule.
DISTRIBUTION EXPENSE CHARGE: Each Valuation Period, the Company deducts a Distribution Expense Charge from the Separate Account which is equal, on an annual basis, to the amount shown on the Certificate Schedule.
More Definitions of DISTRIBUTION EXPENSE CHARGE
DISTRIBUTION EXPENSE CHARGE. On an annual basis this charge, as shown on the Contract Data Page, equals a percentage of the average daily total net asset value of the Subaccounts to which Your Purchase Payments are allocated. This charge is to compensate Us for all distribution expenses associated with the Contract.
DISTRIBUTION EXPENSE CHARGE. [NONE] TRANSFERS: NUMBER OF TRANSFERS PERMITTED: [There are currently no limits on the number of transfers that can be made during the Accumulation Period. Currently, Owners are permitted four transfers per Contract Year during the Annuity Period.]
DISTRIBUTION EXPENSE CHARGE. 10% of the average daily net asset value of the Separate Account per Policy Year. This charge may be increased but the maximum charge will never be more than .25%. NUMBER OF FREE TRANSFERS DURING ACCUMULATION PERIOD: 12 per Policy Year NUMBER OF FREE TRANSFERS DURING ANNUITY PERIOD: 1 Per Policy Year TRANSFER FEE: The lesser of $25 or 2% of the amount transferred MINIMUM AMOUNT TO BE TRANSFERRED: $500, or your entire interest in the Variable Investment Option or Guaranteed Interest Account, if less. All transfers must be in whole percentages.
DISTRIBUTION EXPENSE CHARGE. Each Valuation Period, the Company deducts a Distribution Expense Charge from the Separate Account which is equal, on an annual basis, to the amount shown on the Contract Schedule. The Distribution Charge compensates the Company for the costs associated with the distribution of the Contracts. IA ACCOUNT IA ACCOUNT: Net Purchase Payments may be allocated to one or more of the IA Account Guarantee Period options which are available at the time the Purchase Payment is made. The initial IA Account Guarantee Period options are shown on the Contract Schedule. In addition, during the Accumulation Period, Contract Values can be transferred from the Separate Account and/or the Fixed Account to one or more of the IA Account Guarantee Period options on the next Contract Anniversary.
DISTRIBUTION EXPENSE CHARGE. None TRANSFERS: NUMBER OF TRANSFERS PERMITTED: No limit during the Accumulation Period.
DISTRIBUTION EXPENSE CHARGE. Each Valuation Period, the Company deducts a Distribution Expense Charge from the Separate Account which is equal, on an annual basis, to the amount shown on the Contract Schedule. The Distribution Charge compensates the Company for the costs associated with the distribution of Contracts and Certificates. MVA ACCOUNT MVA ACCOUNT: Net Purchase Payments may be allocated to one or more of the MVA Account Guarantee Period options which are available at the time the Purchase Payment is made. The initial MVA Account Guarantee Period options are shown on the Contract Schedule. In addition, during the Accumulation Period, Certificate Holder's Account Values can be transferred from the Separate Account and/or the Fixed Account to one or more of the MVA Account Guarantee Period options on the next Certificate Anniversary.
DISTRIBUTION EXPENSE CHARGE. As named by You [0.15%]