Common use of Systematic Distribution Options Clause in Contracts

Systematic Distribution Options. Aetna may, from time to time, make one or more Systematic Distribution Options available during the Accumulation Period. When a Systematic Distribution Option is elected, Aetna will make automatic payments from the Certificate Holder's Account. Any Systematic Distribution Option will be subject to the following criteria: (a) Any Systematic Distribution Option will be made available on the basis of objective criteria consistently applied; (b) The availability of any Systematic Distribution Option may be limited by terms and conditions applicable to the election of such Systematic Distribution Option; and (c) Aetna may discontinue the availability of a Systematic Distribution Option at any time. Except to the extent required to comply with applicable law, discontinuance of a Systematic Distribution Option will apply only to future elections and will not affect Systematic Distribution Options in effect at the time an option is discontinued.