Common use of Transfer of Current Clause in Contracts

Transfer of Current. VALUE Before an Annuity option is elected, all FROM THE FUNDS OR or any portion of the Adjusted Current AG ACCOUNT: Value may be transferred from any Fund or Guaranteed Term of the AG Account: (a) To any other Fund; or (b) To any Guaranteed Term of the AG Account available in the current Deposit Period. Transfer requests can be submitted as a percentage or as a dollar amount. The minimum transfer amount is shown on Contract Schedule I. Within a Guaranteed Term Group, the amount to be surrendered or transferred will be withdrawn first from the oldest Deposit Period, then from the next oldest, and so on until the amount requested is satisfied. The Certificate Holder may make an unlimited number of Transfers during the Accumulation Period. The number of free Transfers allowed by Aetna is shown on Contract Schedule I. Additional Transfers may be subject to a Transfer fee as shown on Contract Schedule I. Amounts transferred from the AG Account under the Dollar Cost Averaging program, or amounts transferred as a Matured Term Value on or within the calendar month of the Term's Maturity Date, do not count against the annual Transfer limit. Amounts applied to Guaranteed Terms of the AG Account may not be transferred to the Funds or to another Guaranteed Term during the Deposit Period or for 90 days after the close of the Deposit Period except for: (1) a Matured Term Value(s) during the calendar month following the Term's Maturity Date and (2) amounts transferred from the one- year AG Account Guaranteed Term under the Dollar Cost Averaging program. Transfers from Guaranteed Terms of the AG Account are subject to the MVA provisions in 3.06.

Transfer of Current. VALUE Value Before an Annuity option is elected, all FROM THE FUNDS OR from the Funds or AG or any portion of the Adjusted Current AG ACCOUNTAccount: Value may be transferred from any Fund or Guaranteed Term of the AG Account: (a) To any other Fund; or (b) To any Guaranteed Term of the AG Account available in the current Deposit Period. Transfer requests can be submitted as a percentage or as a dollar amount. The Aetna may establish a minimum transfer amount is shown on Contract Schedule I. amount. Within a Guaranteed Term Group, the amount to be surrendered or transferred will be withdrawn first from the oldest Deposit Period, then from the next oldest, and so on until the amount requested is satisfied. The Certificate Contract Holder may make an unlimited number of Transfers during the Accumulation Period. The number of free Transfers allowed by Aetna is shown on Contract Schedule I. Additional Transfers may be subject to a Transfer fee as shown on Contract Schedule I. Amounts transferred from the AG Account Guaranteed Term under the Dollar Cost Averaging program, or amounts transferred as a Matured Term Value on or within the one calendar month of the after a Term's Maturity Date, Date do not count against the annual Transfer limit. Amounts applied to Guaranteed Terms of the AG Account may not be transferred to the Funds or to another Guaranteed Term during the Deposit Period or for 90 days after the close of the Deposit Period except for: for (1) a Matured Term Value(s) during the calendar month following the Term's Maturity Date and Date; (2) amounts used as a premium for an Annuity option; (3) amounts transferred from the one- one-year AG Account Guaranteed Term term under the Dollar Cost Averaging program. Transfers from Guaranteed Terms of Program; and (4) amounts distributed under the AG Account are subject to the MVA provisions in 3.06Systematic Withdrawal Option.