Automatic Rebalancing Clause Samples

Automatic Rebalancing. 18 WITHDRAWALS............................................... 18

Automatic Rebalancing. [x] Note: Once elected on the Application, the Annuitant, Joint Annuitant, and Income Payment features cannot be changed. On and after the Income Start Date, the Owner has the right to:

Automatic Rebalancing. [X] Note: Once elected on the Application, the Annuitant, Joint Annuitant, and Income Payment features cannot be changed. --------------------------------------------------------------------------------

Automatic Rebalancing. The Owner may select automatic rebalancing on the Application or at a later date. This feature allows the Company to automatically rebalance the 03017N current proportional value of the Net Single Premium Payment allocated to each variable investment option under this Contract to correspond with allocation designated on the Application, or as later changed by the Owner. Automatic rebalancing does not guarantee gains, nor does it assure that there will not be investment losses. During automatic rebalancing the Company will take assets from the better performing Divisions and reallocate them to the lesser performing Divisions. Automatic rebalancing of the Separate Account Divisions can occur quarterly, semi-annually or annually on the Contract Date anniversary, the automatic rebalancing date. Annuity Income Units for automatic rebalancing will generally be priced as of the date of the transaction. However, if the scheduled date of the transfer falls on a non-Valuation Date, it will be priced as of the preceeding Valuation Date. The Company reserves the right to discontinue offering automatic rebalancing at any time. Certain restrictions may apply based upon the Payout Option selected, the amount of the Net Single Premium Payment, and the frequency of payments. [X] Note: Automatic rebalancing will continue until the Company is notified by the Owner that it is to be discontinued. Notification must be received at least five (5) business days prior to the next automatic rebalancing date.

Automatic Rebalancing. In conjunction with the Agreement that Client has established with Introducing Firm, where Client has retained Introducing Firm to perform investment advisory services for the Account, Client selects the mutual funds and target allocations as defined below.

Automatic Rebalancing. 8.01 What is automatic rebalancing? Automatic rebalancing transfers values between Allocation Options to return your values to the Allocation Levels on file with us, as described below. Rebalancing at Levels A and R will occur as of each Contract Anniversary according to the allocation instructions on file with us for each Allocation Level. Any new allocation change request will supersede any prior allocation change requests made. There are no limits on the number of requests that can be made. However, the latest instructions will take effect on the next Contract Anniversary. The request must be received at our Administrative Office at least one Business Day prior to the Contract Anniversary for the new instructions to be effective for that Contract Anniversary. If we do not receive an Authorized Request in time for the next Contract Anniversary, the instructions will be effective on the following Contract Anniversary. At any time, the Index Rate Cap for the Risk Control Account is less than the Bailout Rate, we may, at our discretion, restrict allocations into that Risk Control Account and may not reallocate the Contract Value to that Risk Control Account through automatic rebalancing.

Automatic Rebalancing. Prior to the Annuity Commencement Date, if you elect by providing Notice to Us, we will periodically transfer Accumulation Value as necessary to maintain a predetermined distribution among the Variable Sub-accounts. Automatic rebalancing will occur as of the close of business on the Business Day on or following the last day of each calendar quarter on a quarterly, semi-annual or annual basis as specified by you, subject to the following: (1) This option cannot begin until the first Business Day 30 days or more after the Contract Date. (2) The Accumulation Value at the time this option is elected must be at least $10,000. (3) The predetermined distribution amount among the Variable Sub-accounts must be expressed in full percentage points. (4) This option is not available if you elect automatic transfers. Transfers made to maintain the predetermined distribution you have specified are not subject to any excess transfer charges or limitations pertaining to frequent trading. You may discontinue or modify the option by sending Notice to Us at least 7 days before the next scheduled automatic rebalancing date. However, we are not responsible for any actions we take prior to recording your notice if such actions conform to your directions then on file with us. This option will automatically terminate if any of the following occur: (1) You choose to change the allocation of the Accumulation Value among the Variable Sub-accounts in a manner that does not conform to the predetermined distribution instructions; (2) Your allocation instructions for any Additional Premium are other than pro-rata; or (3) You make a Withdrawal on other than a pro-rata basis.

Automatic Rebalancing. What Happens if a Variable Sub-account is Not Available