Transfers From The Fixed Account. At your request, you may transfer an amount from the unloaned value in the Fixed Account to one or more Subaccounts of the Variable Account. We must receive the request in writing or other form acceptable to us. You may make only one transfer from the Fixed Account each Contract Year. The maximum amount you may transfer from the Fixed Account each Contract Year will be the greatest of: (1) 25% of the unloaned Fixed Account Value, unless the balance after the transfer is less than $250, in which case the entire amount will be transferred; (2) $2,000, or the unloaned Fixed Account Value, if less; or (3) the amount transferred from of the Fixed Account the previous Contract Year. A transfer fee may apply as described in Section 12.1, Transfer Fees. We may suspend or modify this transfer privilege at any time.
Appears in 2 contracts
Sources: Flexible Premium Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account), Flexible Premium Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)
Transfers From The Fixed Account. At your request, you may transfer an amount from the unloaned value in the Fixed Account fixed account to one or more Subaccounts sub-accounts of the Variable Accountvariable account. We must receive the request in writing or other form acceptable to us. You may make only one transfer from the Fixed Account fixed account each Contract Yearcontract year. The maximum amount you may transfer from the Fixed Account fixed account each Contract Year contract year will be the greatest of:
(1) 25% of the unloaned Fixed Account Value, fixed account value in the fixed account on the date of transfer (unless the balance after the transfer is less than $250, in which case we will transfer the entire amount will be transferred;amount); or
(2) $2,000, or the unloaned Fixed Account Value, if lessamount transferred out of the fixed account in the prior contract year; or
(3) $2,000 (or the amount transferred from of the Fixed Account the previous Contract Yearunloaned fixed account value, if less). A transfer fee may apply as described in Section 12.19.1, Transfer Fees. Beginning in the 8th contract year, there is no limitation on the amount transferred from the fixed account. We may suspend or modify this transfer privilege at any time.
Appears in 1 contract
Sources: Flexible Premium Variable Annuity Contract (Kansas City Life Variable Annuity Separate Account)
Transfers From The Fixed Account. At your request, you may transfer an amount from the unloaned value in the Fixed Account fixed account to one or more Subaccounts subaccounts of the Variable Accountvariable account. We must receive the request in writing or other form acceptable to us. You may make only one transfer from the Fixed Account fixed account each Contract Yearcontract year. The maximum amount you may transfer from the Fixed Account fixed account each Contract Year contract year will be the greatest of:
(1) 25% of the unloaned Fixed Account Value, fixed account value in the fixed account on the date of transfer (unless the balance after the transfer is less than $250, in which case we will transfer the entire amount will be transferred;amount); or
(2) $2,000, or the unloaned Fixed Account Value, if lessamount transferred out of the fixed account in the prior contract year; or
(3) $2,000 (or the amount transferred from of the Fixed Account the previous Contract Yearunloaned fixed account value, if less). A transfer fee may apply as described in Section 12.19.1, Transfer Fees. Beginning in the 9th contract year, there is no limitation on the amount transferred from the fixed account. We may suspend or modify this transfer privilege at any time.
Appears in 1 contract
Sources: Single Premium Variable Annuity Contract (Kansas City Life Variable Annuity Separate Account)
Transfers From The Fixed Account. At your request, you may transfer an amount from the unloaned value in the Fixed Account to one or more Subaccounts of the Variable Account. We Your request must receive the request in writing or other form acceptable to usbe made by Written Notice. You may make only one transfer from the Fixed Account each Contract Year. The maximum amount you may transfer from the Fixed Account each Contract Year will be the greatest of:
(1) 25% of the unloaned Fixed Account Value, unless the balance after the transfer is less than $250, in which case the entire amount will be transferred;
(2) $2,000, or the unloaned Fixed Account Value, if less; or
(3) the amount transferred from of the Fixed Account the previous Contract Year. A transfer fee may apply as described in Section 12.1, Transfer Fees. We may suspend or modify this transfer privilege at any time.
Appears in 1 contract