WITHDRAWAL CHARGES. A charge assessed on partial or full withdrawals during the Withdrawal Charge Period. The Withdrawal Charge equals a percentage, shown on the Contract Data pages, of the amount subject to the charge.
WITHDRAWAL CHARGES. Any non-periodic full or partial withdrawal (subject to the restrictions and requirements of Article 5), will be assessed the following withdrawal charge: Contract Year Charge ------------------------------------------ 1-8 [1%] of amount withdrawn 9-Contract End Date 0%
WITHDRAWAL CHARGES. Refer to the Withdrawal section for details.
Examples of WITHDRAWAL CHARGES in a sentence
Early Withdrawal Charges (including surrender charges, premature use charges) and Market Value Adjustments, if any, will apply to the extent that Customized Payments and other withdrawals exceed the penalty-free withdrawal allowance, if any, otherwise available under the contract at the time that the payment is made.
Early Withdrawal Charges may be more than the returns earned on the Structured Product investment and may be deducted by the Bank from the Principal Amount or other amounts (if any) which are otherwise payable to the Customer in connection with that Structured Product.
Early Withdrawal Charges may be more than the returns earned on the NID and may be deducted by the Bank from the Principal Amount or other amounts (if any) which are otherwise payable to the Customer in connection with that NID.
Free Withdrawals A Free Withdrawal is a withdrawal not subject to Withdrawal Charges, Market Value Adjustments or Premium Bonus Vesting Adjustments if applicable.
Withdrawal Charges You may withdraw some or all of your money at any time prior to the Annuity Date; however, any applicable Withdrawal Charge is calculated as a percentage of the amount withdrawn.
More Definitions of WITHDRAWAL CHARGES
WITHDRAWAL CHARGES. If you choose Option 1 for a period of fewer than 5 years or Option 3, the Adjusted Contract Value will be subject to a Withdrawal Charge which will be applied in the same way as if you had made a full withdrawal on the Annuity Date. Any amount used to provide income under Option 1 for a period of 5 years or more or under Option 2 will be applied without charge. If you choose any other method of payment not described in this Contract, we will tell you if it is subject to a Withdrawal Charge.
WITHDRAWAL CHARGES means the charges We will subtract from the Contract Value in the event that a withdrawal or surrender is made from this contract during the lifetime of the Owner prior to the end of the Withdrawal Charge Period.
WITHDRAWAL CHARGES is Between Base used to also mean "Contingent Deferred Sales Charges", where Contract applicable. The term "withdrawal" is used to also mean and Rider "surrender", where applicable. -------------------------------------------------------------------------------- GLOSSARY -------------------------------------------------------------------------------- Definitions Definitions specific to this rider that are not in the Base Contract follow. Base Contract The contract to which this rider is attached. Excess Withdrawals If you exercise the GPWB, this is an additional withdrawal you take while we are making GPWB Payments. Full This occurs once you apply the entire Contract Value to Annuitization Annuity Payments. Once you take a Full Annuitization, you cannot take any additional Partial Annuitizations. If you take a Full Annuitization, the Accumulation Phase of the contract will end. Once you take a Full Annuitization you can no longer make additional Purchase Payments. GMIB Payments Annuity Payments we make based on the PB Value. GPWB Payments Withdrawal payments we make based on the PB Value. GPWB Maximum The upper limit of annual GPWB Payments available to you under the GPWB. Investment The Investment Options available under the Variable Account. Options The Investment Options are shown on the Contract Schedule.
WITHDRAWAL CHARGES shall have the meaning defined in the Class Member Policies. AGREED RELIEF
WITHDRAWAL CHARGES. Age of Withdrawal Age of
WITHDRAWAL CHARGES. If you begin Annuity Payments or take a Settlement option at a time other than the 30-day period prior to the end of a GIR Period, then we will adjust your Contract Value by an MVA, and for any applicable Withdrawal Charges, and Premium Taxes. Any amount used to provide income under Option 1 for a period of 10 years or more, or under Option 2, will be applied without a Withdrawal Charge. If you choose any other method of payment not described in this Contract, prior to implementing your request, we will notify you if it is subject to a Withdrawal Charge or Market Value Adjustment.
WITHDRAWAL CHARGES is Between used to also mean "Contingent Deferred Sales Charges", where Base Contract applicable. The term "withdrawal" is used to also mean and Rider "surrender", where applicable. -------------------------------------------------------------------------------- GLOSSARY -------------------------------------------------------------------------------- Definitions Definitions specific to this rider that are not in the Base Contract follow. Base Contract The contract to which this rider is attached. Enhanced The death benefit that is provided by this rider. Guaranteed Minimum Death Benefit Full Annuitization This occurs once you apply the entire Contract Value to Annuity Payments. Once you take a Full Annuitization, you cannot take any additional Partial Annuitizations. If you take a Full Annuitization, the Accumulation Phase of the contract will end. Once you take a Full Annuitization you can no longer make additional Purchase Payments. Partial This occurs when you apply only part of the Contract Value Annuitization to Traditional Annuity Payments, or part of the PB Value to GMIB Payments. If you take a Partial Annuitization the Accumulation Phase and Annuity Phase of the contract may occur at the same time. [You can take one Partial Annuitization every 12 months. The maximum number of annuitizations we allow at any one time is five. If you take a Partial Annuitization, there can be only one Owner, he/she must be the Annuitant, and we will not allow the Owner to designate a joint Annuitant. Partial Annuitizations are not available to Joint Owners.] Once you take a Partial Annuitization you can no longer make additional Purchase Payments to any portion of the Contract that is in the Annuity Phase. Traditional Annuity Payments we make based on the Adjusted Contract Annuity Payment Value.