Common use of Transfer Privilege Clause in Contracts

Transfer Privilege. 7.1 CAN YOU TRANSFER Subject to our right to modify, suspend or VALUES BETWEEN terminate the transfer privilege, you may INVESTMENT OPTIONS? transfer contract value between the subaccounts or to any other available investment option provided by endorsement as allowed by that endorsement. Transfers are subject to all of the following: a.) the transfer request must be by written request; b.) the transfer request must be received in our home office prior to the payout date; c.) the transfer is to a subaccount or any other available investment option provided by endorsement; and d.) the deduction of any transfer fees that we may impose. We reserve the right to impose a transfer fee, not to exceed $10 per requested transfer. A transfer fee, if imposed, will be deducted from the investment option from which the transfer is made. If a transfer is made from more than one investment option at the same time, the transfer fee will be deducted pro-rata from the value in such investment option(s). We reserve the right to modify, suspend or terminate the transfer privilege for any contract or class of contracts at any time for any reason. We also reserve the right to impose restrictions on your ability to transfer contract value between or among subaccounts. For most classes of contracts, we anticipate imposing restrictions on the ability to transfer contract value and reserve the right to change such restrictions for any class of contracts at any time. The current prospectus, or other disclosure statement, will disclose the details of such restrictions. Such restrictions may include, but are not limited to, the requirement of a minimum time period between each transfer or limiting the dollar amount that can be transferred to and from the subaccounts at any one time. In addition to such restrictions, we may impose or collect any fees by a fund in connection with the redemption of its shares or otherwise required by applicable law. We reserve the right to refuse any transfer instructions that, in our judgement and in our sole discretion, may be harmful to the separate account, any subaccount or underlying fund, or to other owners.

Transfer Privilege. 7.1 CAN YOU TRANSFER Subject to our right to modify, suspend or terminate VALUES BETWEEN terminate the transfer privilege, you may transfer contract INVESTMENT OPTIONS? transfer contract value between the subaccounts or to any other available investment option provided by endorsement as allowed by that endorsement. Transfers are subject to all of the following: a.) the transfer request must be by written request; b.) the transfer request must be received in our home office prior to the payout date; c.) the transfer is to a subaccount or any other available investment option provided by endorsement; and d.) the deduction of any transfer fees that we may impose. We reserve the right to impose a transfer fee, not to exceed $10 per requested transfer. A transfer fee, if imposed, will be deducted from the investment option from which the transfer is made. If a transfer is made from more than one investment option at the same time, the transfer fee will be deducted pro-rata from the value in such investment option(s). We reserve the right to modify, suspend or terminate the transfer privilege for any contract or class of contracts at any time for any reason. We also reserve the right to impose restrictions on your ability to transfer contract value between or among subaccounts. For most classes of contracts, we anticipate imposing restrictions on the ability to transfer contract value and reserve the right to change such restrictions for any class of contracts at any time. The current prospectus, or other disclosure statement, will disclose the details of such restrictions. Such restrictions may include, but are not limited to, the requirement of a minimum time period between each transfer or limiting the dollar amount that can be transferred to and from the subaccounts at any one time. In addition to such restrictions, we may impose or collect any fees by a fund in connection with the redemption of its shares or otherwise required by applicable law. We reserve the right to refuse any transfer instructions that, in our judgement and in our sole discretion, may be harmful to the separate account, any subaccount or underlying fund, or to other owners.