The Tax Tamer ® I - First Investors

no more than 5 at any one time and no lessthan 10% of the aggregate Annuity Unit valueis in each of Your Subaccounts. A request toreallocate may be made on Our Subaccountreallocation form or by telephone, subject tothe restrictions discussed below. If Wereceive a written reallocation request in OurAdministrative Office before the end of aBusiness Day (generally 4:00 P.M., EasternTime), We will process it based upon thatday’s Accumulation Unit values. If We receiveit after the end of a Business Day, We willprocess it at the next Business Day’sAccumulation Unit values.All subsequent Purchase Payments will beallocated according to Your then-existingpercentage allocations, unless You request adifferent allocation for that payment. We willnot automatically rebalance Your Contractvalue to Your designated percentageallocations. Unless You request areallocation to maintain Your allocations,You may end up with an allocation which hasmore or less risk than You intended.Telephone Transfer OptionYou may make transfers of AccumulationValue as described above by telephone bycalling 1(800) 832-7783. You will berequired to provide certain information foridentification purposes when requesting atransaction by telephone and We may recordYour telephone call. We may also requirewritten confirmation of Your request.We will not be liable for losses resultingfrom telephone requests that We believe aregenuine. We reserve the right to revoke orlimit Your telephone transaction privileges atany time without revoking or limiting allowners’ telephone transaction privileges.Telephone privileges may be denied tomarket timers and frequent or disruptivetraders.We cannot guarantee that telephonetransactions will always be available. Forexample, there may be interruptions inservice beyond Our control such as weatherrelatedemergencies.WHAT ARE OUR POLICIES ONFREQUENT REALLOCATIONS AMONGSUBACCOUNTS?The Contract is designed for long-terminvestment purposes. It is not intended toprovide a vehicle for frequent trading ormarket timing.As described in the Life Series Fundsprospectus, the Board of Trustees of the LifeSeries Funds has adopted policies andprocedures to detect and prevent frequenttrading in the shares of each of the LifeSeries Funds (other than the CashManagement Fund) and to reject, withoutany prior notice, any purchase or exchangetransaction if the Funds believe that thetransaction is part of a market timingstrategy.In order to protect Policyowners and tocomply with the underlying Funds’ policies,We have agreed to honor instructions fromthe Funds to restrict or prohibit furtherpurchases or transfers of shares by anyPolicyowner that has been identified by theFunds as having violated its market timingpolicies. Accordingly, We may be required toreject any reallocation request, without anyprior notice, that is determined by the Fundsto be part of a market timing strategy.In order to enforce Our policy againstmarket timing, We monitor reallocationrequests using criteria such as (a) thenumber of reallocation transactions thatoccur within a specified period of time and(b) the dollar amount of reallocations thatoccur within a specified period of time.Moreover, We will only accept a transactionrequest that is in writing, or made bytelephone, and that complies with Ourrequirements. We will not accept transactionrequests by facsimile or e-mail.We cannot guarantee that Our monitoringefforts will be effective in identifying orpreventing all market timing or frequenttrading activity in the Subaccounts.11