Common use of Rebalancing Clause in Contracts

Rebalancing. Once each quarter, we will rebalance your account value so that the portion of account value invested in each subaccount will conform to the proportion prescribed by the AAP you selected. Can we change an AAP? No. Once we establish an AAP, we will not change the subaccounts or the allocations of that AAP. Can you change to a different AAP? Yes. You may change to another AAP once every three policy years. If you change to a different AAP, we will redetermine your guaranteed plan of insurance and adjust your policy if necessary. The redetermined plan may not be as strong as originally provided. However, it will always be stronger than if you had not chosen to participate in an Acceptable Allocation Program. When we process your change request, we will reallocate the existing account value to the new AAP according to the allocation percentages that apply to that AAP. All future transactions will use the new AAP allocation percentages. Is there a premium for this agreement? No. If this agreement is terminated, how will the policy be affected? If you terminate this agreement, we will adjust your policy. The face amount and premium of the policy will remain unchanged, but the resulting plan of insurance may be different as a result of the policy adjustment. All policy adjustment limitations listed in the policy are applicable to this policy adjustment. When does this agreement terminate? This agreement will terminate on the earliest of: (1) the date this policy is surrendered or terminated; or (2) the date we receive your written request to cancel this agreement.

Rebalancing. Once each quarter, we will rebalance your account actual cash value so that the portion of account actual cash value invested in each subaccount will conform to the proportion prescribed by the AAP you selected. Can we change an AAP? No. Once we establish an AAP, we will not change the subaccounts or the allocations of that AAP. Can you change to a different AAP? Yes. You may change to another AAP once every three policy years. If you change to a different AAP, we will redetermine your guaranteed plan of insurance and adjust your policy if necessary. The redetermined plan may not be as strong as originally provided. However, it will always be stronger than if you had not chosen to participate in an Acceptable Allocation Program. When we process your change request, request we will reallocate the existing account actual cash value to the new AAP according to the allocation percentages that apply to that AAP. All , and all future transactions will use the new AAP allocation percentages. Is there a premium for this agreement? No. If this agreement is terminated, how will the policy be affected? If you terminate this agreement, agreement we will adjust your policy. The face amount and premium of the policy will remain unchanged, but the resulting plan of insurance may be different as a result of the policy adjustment. All policy adjustment limitations listed in the policy are applicable to this policy adjustment. When does this agreement terminate? This agreement will terminate on the earliest of: (1) the date this policy is surrendered or terminated; or (2) the date we receive your written request to cancel this agreement.