Cova Financial Services Life Insurance Company
700 Market Street
St. Louis, Missouri 63101
ENHANCED DOLLAR COST AVERAGING RIDER
This Rider forms a part of the Contract to which it is attached, and is
effective upon issuance. The terms of this Rider apply to the Contract when,
prior to the Annuity Date, Purchase Payments are allocated to the Enhanced
Dollar Cost Averaging Account (EDCA Account) that is a part of our General
Account. In the case of a conflict with any provision of the Contract, the
provisions of this Rider will control.
If you request to participate in the Enhanced Dollar Cost Averaging program, we
will open an EDCA Account for you. The EDCA Account will provide for transfers
to any of the Subaccounts of the Separate Account over a 6 or 12 month period,
as you have selected. You may also select any other time period that we may
declare. All Purchase Payments applied to this program will be allocated to your
EDCA Account. No transfers may be made into this Account.
Under the Enhanced Dollar Cost Averaging program, a specified dollar amount of
Account Value will be transferred on a monthly basis from your EDCA Account to
any of the Subaccounts of the Separate Account. The initial dollar amount
transferred will be equal to the initial amount allocated to your EDCA Account
divided by the number of months in the time period you have selected.
The first transfer will be made on the date the Purchase Payment is allocated to
the EDCA Account. Subsequent transfers will be made each month thereafter on the
same day. However, transfers will be made on the 1st day of the following month
for Purchase Payments allocated on the 29th, 30th or 31st day of a month. If
such a day is not a Business Day the transfer will take place on the next
Business Day. Transfers will continue on a monthly basis until all amounts are
transferred from the EDCA Account. Your EDCA Account will be terminated as of
the last transfer.
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The interest rate earned on your EDCA Account will be the Minimum Guaranteed
Interest Rate for our Fixed Account, plus any additional interest, which we may
declare from time to time.
You can have only one dollar cost averaging account at any given time. You may
allocate subsequent Purchase Payments to your existing EDCA Account. The
allocation of subsequent Purchase Payments to an existing EDCA Account increases
the monthly dollar amount of Account Value transferred and thereby accelerates
the time period over which transfers are made. The new dollar amount transferred
out of the EDCA Account will be determined by dividing each new allocation by
the number of months the EDCA Account is based upon and adding that amount to
the existing transfer amount. Each allocation resulting from a subsequent
Purchase Payment will earn interest at the then-current interest rate applied to
new allocations to an EDCA Account of the same monthly term. Allocations
resulting from each Purchase Payment, along with the interest credited thereon,
will be transferred on a First-in-First-out (FIFO) basis.
If you terminate your participation in this program, all money remaining in the
EDCA Account will be transferred to a Money Market Subaccount unless you specify
otherwise.
Cova Financial Services Life Insurance Company has caused this Rider to be
signed by its President and Secretary.
Form 7013 (11/00)
