Common use of THE REBALANCER OPTION Clause in Contracts

THE REBALANCER OPTION. By Request, the Owner may elect the rebalancer option in order to automatically reallocate among the Strategy(ies) to maintain a particular percentage allocation, on a periodic basis, as selected by the Owner and subject to the provisions of Section 5.01. If elected, the rebalancer option will be triggered on each Strategy Term Start Date if new allocations are not otherwise made. If the rebalancer option is triggered, the percentage allocations among the Strategies will be based upon the most recent allocations as specified by the Owner. The amount allocated to each Strategy will increase or decrease at different rates depending on the investment experience and the structure of the Strategy, including applicable Caps, Floors, and Buffers. The rebalancer option will terminate upon the Annuity Commencement Date. ILVA-RIA-Core 15

THE REBALANCER OPTION. By Request, the Owner may elect the rebalancer option in order to automatically reallocate among the Strategy(ies) to maintain a particular percentage allocation, on a periodic basis, as selected by the Owner and subject to the provisions of Section 5.01. If elected, the rebalancer option will be triggered on each Strategy Term Start Date if new allocations are not otherwise made. If the rebalancer option is triggered, the percentage allocations among the Strategies will be based upon the most recent allocations as specified by the Owner. The amount allocated to each Strategy will increase or decrease at different rates depending on the investment experience and the structure of the Strategy, including applicable Caps, Floors, and Buffers. The rebalancer option will terminate upon the Annuity Commencement Date. ILVA-RIA-Core 1515 Table of Contents SECTION 6: DEATH BENEFIT