Dollar Cost Averaging Program Clause Samples

Dollar Cost Averaging Program. Prior to the Annuity Commencement Date, the Owner may enroll in a Dollar Cost Averaging program by instructing Us to automatically make periodic allocations, on a frequency permitted by Us, of all or part of a Purchase Payment or Transfers of Contract Value to an available Dollar Cost Averaging Holding Account. Enrollment in a Dollar Cost Averaging program will begin once We have received, in Good Order, all necessary information on a form provided by Us and the minimum required amount. Any amount allocated will be transferred from the Dollar Cost Averaging Holding Account to the designated Variable Subaccount in regular installments over a period the Owner chooses. Transfers will occur at the same interval until the end of the chosen period or, if sooner, until the value in the Dollar Cost Averaging Holding Account has been exhausted or the Owner gives Notice to Us to discontinue the enrollment in the Dollar Cost Averaging program.

Dollar Cost Averaging Program. You may transfer all or part of your Contract Value in a designated subaccount to one or more other subaccounts pursuant to the Dollar Cost Averaging Program (DCA Program). We will transfer a specified amount each month from the subaccount that you designate and allocate it in accordance with your instructions to the subaccount(s) that you select. To elect the DCA Program you need to have a minimum amount in the designated subaccount equal to the amount to be transferred each month multiplied by the number of monthly transfers.

Dollar Cost Averaging Program. Prior to the Annuity Commencement Date, You may enroll in a Dollar Cost Averaging program by instructing Us to automatically make periodic allocations, on a frequency permitted by Us, of all or part of a Purchase Payment or Transfers of Contract Value to an available DCA Fixed Account or any other Variable Subaccount made available for the purpose of Dollar Cost Averaging. Your enrollment in a Dollar Cost Averaging program will begin once We have received, in Good Order, all necessary information on a form provided by Us and the minimum required amount. Any amount allocated will be transferred from a DCA Fixed Account or the Variable Subaccount used for Dollar Cost Averaging to the designated Variable Subaccount in regular installments over a period You chose. Transfers will occur at the same interval until the end of the chosen period or, if sooner, until the value in the Variable Subaccount used for Dollar Cost Averaging has been exhausted or You give Notice to Us to discontinue Your enrollment in the Dollar Cost Averaging program.

Dollar Cost Averaging Program. During the lifetime of the Annuitant, the Owner may elect a dollar cost averaging program by selecting it on the application or by filing a written request in a form acceptable to LL&A at its Servicing Office. Dollar cost averaging is the transferring of a designated amount from one of the holding accounts (Cash Management, U.S. Government/AAA-Rated Securities, or the DCA Fixed Account) to another Sub-account(s) within the Contract on a monthly basis. If a dollar cost averaging program is elected, the following provisions apply: . Only one dollar cost averaging program may exist at any time. . An Owner currently participating in the cross reinvestment program (See Section 2.17) may not participate in the dollar cost averaging program. . The minimum balance in the holding account to establish a dollar cost averaging program is $10,000. . Any time frame between 6 to 60 months may be selected for the dollar cost averaging program. . The Sub-account selected as the holding account may not be a receiving Sub- account. Once selected, the holding account cannot be changed unless a new program is started. . Statements will be sent to the Owner confirming each dollar cost averaging transfer. . A new program does not need to be started if the Owner is changing the receiving Sub-account(s), or the amounts or percentages to be transferred to the receiving Sub-account(s), as long as new money is not being added to the program. . If additional money is added to the Contract to be dollar cost averaged or changing the time frame, a new program must be started. Purchase Payments to the holding account will not automatically be added to the dollar cost averaging program. Instructions must accompany these additional Purchase Payments. . The dollar cost averaging program will be cancelled prematurely if the value of the holding account drops below the amount required for the transfer. . The dollar cost averaging program will continue for the specified duration, or until the Owner terminates the program by sending LL&A, at its Servicing Office, written notice of such termination. . The Owner may establish or change a dollar cost averaging program by sending written notice, in a form acceptable to LL&A, at its Servicing Office.

Dollar Cost Averaging Program. With this program, I may direct ▇▇▇▇▇▇ ▇▇▇▇▇ to periodically purchase or sell shares of eligible securities on a monthly basis. A separately signed form may be required for participation in ▇▇▇▇▇▇ ▇▇▇▇▇’ Dollar Cost Averaging Program, which sets forth the terms and conditions for such systematic transactions. Contact your financial advisor or other authorized representative of ▇▇▇▇▇▇ ▇▇▇▇▇ for additional information.