At any policy anniversary, one can switch out from any of the five portfolio strategies -- Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strategy II, Auto Transfer Portfolio Strategy or Capital Preservation-Oriented Strategy and switch into any one of the following three strategies:
1. Investor Selectable Portfolio Strategy
2. Wheel of Life Portfolio Strategy II
3. Auto Transfer Portfolio Strategy
Trigger Based Portfolio Strategy II and Capital Preservation-Oriented Strategy can be opted for only at inception.
Once you have opted out of Trigger Based Portfolio Strategy II and Capital Preservation-Oriented Strategy, you cannot switch back again during the policy term.
You can switch between ULIP funds only under the Investor Selectable Portfolio Strategy.