Common use of Rollovers and Transfers Clause in Contracts

Rollovers and Transfers. Your Contract is non-forfeitable (i.e., not subject to the claims of your creditors) and non-transferable (i.e., you may not transfer it to someone else). Under certain circumstances, you may be able to transfer amounts distributed from your Contract to another eligible retirement plan or IRA. Generally, a distribution may be eligible for rollover. Certain types of distributions cannot be rolled over, such as distributions received on account of:

Appears in 3 contracts

Sources: Annuity Contract, Annuity Contract, Brighthouse Shield Level Select Advisory Annuity Contract