Subsequent Purchase Payments. Cumulative Purchase Payments after the first Contract Year are limited to the Maximum Additional Purchase Payments shown in the Rider Specifications, without our consent. Purchase Payments are allocated to the Guaranteed Interest Options and/or the Sub-Accounts as you direct, subject to the provisions in the Contract Value Allocation Options section.
Subsequent Purchase Payments. Subject to the minimum subsequent and maximum total shown on the Contract Schedule, the Contract Owner may make subsequent Purchase Payments.
Subsequent Purchase Payments. If all or a portion of initial Purchase Payments are directed to the Subaccounts, they will purchase Subaccount Accumulation Units at the Accumulation Unit Value next computed after our acceptance of the applicable application or enrollment forms, as described in “CONTRACT PURCHASE AND PARTICIPATION” in the full Contract Prospectus. Subsequent Purchase Payments or transfers directed to the Subaccounts that we receive in Good Order by the close of business of the New York Stock Exchange (“NYSE”) (normally at 4:00 p.m. Eastern Time) will purchase Subaccount Accumulation Units at the Accumulation Unit Value computed as of the close of the NYSE on that day. The value of Subaccounts may vary day to day. Subsequent Purchase Payments and transfers received in Good Order after the close of the NYSE will purchase Accumulation Units at the Accumulation Unit Value computed as of the close of the NYSE on the next business day. MAKING WITHDRAWALS: ACCESSING THE MONEY IN YOUR CONTRACT Withdrawals Subject to limitations on withdrawals and other restrictions (see “Withdrawal Restrictions” in this section), the Contract Holder, or you if permitted by the plan, may withdraw all or a portion of your Account Value at any time during the Accumulation Phase.
Subsequent Purchase Payments. If all or a portion of initial Purchase Payments are directed to the Subaccounts, they will purchase Subaccount Accumulation Units at the Accumulation Unit Value next computed after our acceptance of the applicable application or enrollment forms, as described in “CONTRACT PURCHASE AND PARTICIPATION” in the full prospectus for the Contract. Subsequent Purchase Payments or transfers directed to the Subaccounts that we receive in Good Order by the close of business of the New York Stock Exchange (“NYSE”) (normally at 4:00 p.m. Eastern Time) will purchase Subaccount Accumulation Units at the Accumulation Unit Value computed as of the close of the NYSE on that day. The value of Subaccounts may vary day to day. Subsequent Purchase Payments and transfers received in Good Order after the close of the NYSE will purchase Accumulation Units at the Accumulation Unit Value computed as of the close of the NYSE on the next business day.
Subsequent Purchase Payments. Cumulative Purchase Payments after the first Contract Year are limited to the Maximum Additional Purchase Payments shown in the Rider Specifications, without our consent. Purchase Payments are allocated to the Guaranteed Interest Options and/or the Sub-Accounts as you direct, subject to the provisions in the Contract Value Allocation Options section. ICC13-70255 Minnesota Life 2 MINIMUM CONTRACT VALUE Any provision in your contract requiring there be a minimum Contract Value as of the date of any withdrawal is waived while this rider is in effect.
Subsequent Purchase Payments. Subsequent Purchase Payments received after the Start Date of this Rider will result in an adjustment to the Remaining Benefit Amount and Annual Withdrawal Amount. The adjustments will be made on the Valuation Date following the Valuation Period in which such subsequent Purchase Payment is received. Upon receipt of a Purchase Payment after the Start Date of this Rider, we will increase the Remaining Benefit Amount by an amount equal to [130%] of such Purchase Payment including any Credit Enhancement if a Credit Enhancement Rider is in effect. The Annual Withdrawal Amount will be increased by an amount equal to [5%] of such Purchase Payment including any Credit Enhancement, if applicable. For purposes of this Rider, we reserve the right to restrict subsequent Purchase Payments. Annual Withdrawal Amount – While this Rider is in effect, you may withdraw up to the Annual Withdrawal Amount each Contract Year without any adjustment to the Benefit Amount, regardless of market performance until the Remaining Benefit Amount equals zero. Withdrawals in a Contract Year of an amount up to the Annual Withdrawal Amount shall reduce the Remaining Benefit Amount by the total amount of such withdrawals. Such withdrawals may be taken in a lump sum, in multiple withdrawals or in a series of pre-authorized withdrawals within the Contract Year. Any portion of the Annual Withdrawal Amount not withdrawn during a Contract Year may not be carried over to the next Contract Year. Withdrawals of the Annual Withdrawal Amount are not subject to a Withdrawal Charge; however, such amounts reduce the amount available for withdrawal under the Free Withdrawal provision of the Contract. For the purpose of calculating the Withdrawal Charge on future withdrawals that exceed the Annual Withdrawal Amount, withdrawals of the Annual Withdrawal Amount do not reduce purchase payments. If a withdrawal causes the total amount withdrawn during the Contract Year to exceed the Annual Withdrawal Amount, FSBL will reduce the Remaining Benefit Amount and Annual Withdrawal Amount in the same proportion as the excess withdrawal reduces Contract Value reduced by any Annual Withdrawal Amount that is being withdrawn. For example, assuming a Benefit Amount of $100,000, a Remaining Benefit Amount of $80,000, an Annual Withdrawal Amount of $5,000, and a Contract Value of $40,000, and further assuming a withdrawal of $8,000 (an excess of $3,000 over the Annual Withdrawal Amount), the reduction of the Remaining Benef...
Subsequent Purchase Payments. You may make Subsequent Purchase Payments before the Annuity Date, while the Owner or Annuitant is living and this Contract is active. A single Purchase Payment or the aggregate of all Purchase Payments may not exceed the Maximum Aggregate Purchase Payment Amount Without Pacific Life Home Office Approval. The aggregate Purchase Payments are based on all the Contracts for which you are either owner and/or annuitant.
Subsequent Purchase Payments. You may make Subsequent Purchase Payments before the Annuity Date, while the Owner or Annuitant is living and this Contract is active. A single Purchase Payment or the aggregate of all Purchase Payments may not exceed the Maximum Aggregate Purchase Payment Amount Without Pacific Life Home Office Approval. The aggregate Purchase Payments are based on all the Contracts for which you are either owner and/or annuitant. Purchase Payment Allocation — Prior to the Annuity Date, you may allocate your Purchase Payments to the Investment Options available under this Contract. You may change the Purchase Payment Allocations by providing us with instructions in a form satisfactory to us. We will allocate any Purchase Payment according to your most recent instructions. We may reject any instructions or Purchase Payments if we cannot determine your allocation instructions.
Subsequent Purchase Payments. Subject to the minimum subsequent and maximum total shown on the Contract Schedule, the Contract Owner may make subsequent Purchase Payments. Allocation Of Purchase Payments The allocation of the initial Net Purchase Payment is made in accordance with the selection made by the Contract Owner at the time the Contract is issued. Unless otherwise changed by Written Request by the Contract Owner, subsequent Net Purchase Payments are allocated in the same manner as the initial Net Purchase Payment. Allocation of the Net Purchase Payments is subject to the Allocation Guidelines shown on the Contract Schedule. The Company has reserved the right to allocate initial Purchase Payments to the Money Market Sub-Account until the expiration of the Right to Examine Contract period.
Subsequent Purchase Payments. Subject to the minimum subsequent and maximum total shown on the Certificate Schedule, the Participant may make subsequent Purchase Payments.
