Common use of SUB-ACCOUNT TRANSFER RESTRICTIONS Clause in Contracts

SUB-ACCOUNT TRANSFER RESTRICTIONS. The Contract Owner or Participant may transfer Contract Values held in the Sub-Accounts into other Sub-Accounts. The Company reserves the right to limit the number of transfers to no more than [12] per Contract Year with no two transfers being made on consecutive Valuation Days. The right to make transfers between Sub-Accounts is subject to modification if the Company determines that exercising that right by one or more Participants or Contract Owners is, or would be, to the disadvantage of other Participants or Contract Owners. Any modification could be applied to transfers to or from some or all of the Sub-Accounts and could include, but not be limited to: (i) [the requirement of a minimum time period between each transfer (ii) not accepting transfer requests of an agent acting under a power of attorney or on behalf of more than one Participants or Contract Owner, or (iii) limiting the dollar amount that may be transferred between the Sub-Accounts by a Participant or Contract Owner at any one time.] Such restrictions may be applied in any manner reasonably designed to prevent any use of the transfer right which is considered by the Company to be to the disadvantage of other Participants or Contract Owners. None of these restrictions will be applicable to Sub-Account transfers made under a dollar cost averaging program or other systematic transfer program. The Company will continue to monitor transfer activity and may modify these restrictions from time to time.] SECTION [3 ]- WITHDRAWAL PROVISIONS

SUB-ACCOUNT TRANSFER RESTRICTIONS. The Contract Owner or Participant may transfer Contract Values held in the Sub-Accounts into other Sub-Accounts. The Company reserves the right to limit the number of transfers to no more than [12] 12 per Contract Year with no two transfers being made on consecutive Valuation Days. The right to make transfers between Sub-Accounts is subject to modification if the Company determines that exercising that right by one or more Participants or Contract Owners is, or would be, to the disadvantage of other Participants or Contract Owners. Any modification could be applied to transfers to or from some or all of the Sub-Accounts and could include, but not be limited to: (i) [the requirement of a minimum time period between each transfer (ii) not accepting transfer requests of an agent acting under a power of attorney or on behalf of more than one Participants or Contract Owner, or (iii) limiting the dollar amount that may be transferred between the Sub-Accounts by a Participant or Contract Owner at any one time.] . Such restrictions may be applied in any manner reasonably designed to prevent any use of the transfer right which is considered by the Company to be to the disadvantage of other Participants or Contract Owners. None of these restrictions will be applicable to Sub-Account transfers made under a dollar cost averaging program or other systematic transfer program. The Company will continue to monitor transfer activity and may modify these restrictions from time to time.] SECTION [3 ]- WITHDRAWAL PROVISIONS. HL-15420 SPECIMEN