Listed for VA/L Policies, this indicates whether or not a contract provides a plan for dollar-cost averaging, a conservative investment strategy used to reduce exposure to risk.
Benefits
Dollar-cost averaging allows an investor to contribute a set amount to a contract in fixed intervals. The idea is that if several purchase payments are made over an extended period of time, the volatile highs and lows of the stock market will be averaged out.
Origin
This information is taken directly from the insurance contract's prospectus.