Common use of Amount of Withdrawal Charge Clause in Contracts

Amount of Withdrawal Charge. The amount of a Withdrawal Charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge as shown in the Contract Specifications. For purposes of calculating the withdrawal charge, we assume that amounts withdrawn will be applied to Purchase Payments first and in the order the Purchase Payments were received. The Withdrawal Charge will be deducted proportionately from each Investment Option selected for withdrawal. Free Withdrawals — During a Contract Year, you may withdraw free of Withdrawal Charges amounts up to the sum of your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% of all Purchase Payments that have an “age” of less than eight (8) years, plus 100% of all remaining Purchase Payments that have an “age” of eight (8) years or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of Withdrawal Charges. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year. For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.

Amount of Withdrawal Charge. The amount of a Withdrawal Charge withdrawal charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge withdrawal charge as shown in the Contract Specifications. For purposes of calculating the withdrawal charge, we assume that amounts withdrawn will be applied to Purchase Payments first and in the order the Purchase Payments were received. The Withdrawal Charge withdrawal charge will be deducted proportionately from each Investment Option selected for withdrawal. Free Withdrawals — [During a Contract Year, you may withdraw free of Withdrawal Charges withdrawal charges amounts up to the sum of your earnings plus your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% of all remaining Purchase Payments at the beginning of a Contract Year that have an “age” of less than eight (8) yearsthe Free Withdrawal Contract Year Age as shown in the Contract Specifications, plus 10% of any Purchase Payments received by us during that Contract Year, plus 100% of all remaining Purchase Payments that have an “age” of eight (8) years greater than or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of equal to the Free Withdrawal Charges. Contract Year Age as shown in the Contract Specifications.] Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year. For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.

Amount of Withdrawal Charge. The amount of a Withdrawal Charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain an “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge as shown in the Contract SpecificationsPercentage. For purposes of calculating the withdrawal chargeWithdrawal Charge, we assume that amounts withdrawn will be applied to Purchase Payments first and in the order the Purchase Payments were received. The Withdrawal Charge will be deducted proportionately from each Investment Option selected for withdrawalWithdrawal. Free Withdrawals — During a Contract Year, you may withdraw free of Withdrawal Charges amounts up to the sum of your Earnings plus your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% the Free Withdrawal Percentage of all remaining Purchase Payments at the beginning of a Contract Year that have an “age” of less than eight (8) yearsthe Free Withdrawal Contract Year Age, plus the Free Withdrawal Percentage of any Purchase Payments received by us during that Contract Year, plus 100% of all remaining Purchase Payments that have an “age” of eight (8) years greater than or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of equal to the Free Withdrawal ChargesContract Year Age. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year. For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.

Amount of Withdrawal Charge. The amount of a Withdrawal Charge withdrawal charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge withdrawal charge as shown in the Contract Specifications. For purposes of calculating the withdrawal charge, we assume that earnings are withdrawn first, followed by amounts withdrawn attributable to Purchase Payments. The “oldest” Purchase Payment will be applied to Purchase Payments first and in the order the Purchase Payments were receivedwithdrawn first. The Withdrawal Charge withdrawal charge will be deducted proportionately from each Investment Option selected for withdrawal. Free Withdrawals — – During a Contract Year, you may withdraw free of Withdrawal Charges withdrawal charges amounts up to the sum of your earnings plus your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% of all remaining Purchase Payments at the beginning of a Contract Year that have an “age” of less than eight seven (8) 7) years, plus 10% of any Purchase Payments received by us during that Contract Year, plus 100% of all remaining Purchase Payments that have an “age” age of eight seven (8) 7) years or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of Withdrawal Charges. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year. Earnings – For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge withdrawal charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.

Amount of Withdrawal Charge. The amount of a Withdrawal Charge withdrawal charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge withdrawal charge as shown in the Contract Specifications. For purposes of calculating the withdrawal charge, we assume that amounts withdrawn will be applied to Purchase Payments first and in the order the Purchase Payments were received. The Withdrawal Charge withdrawal charge will be deducted proportionately from each Investment Option selected for withdrawal. Free Withdrawals — During a Contract Year, you may withdraw free of Withdrawal Charges withdrawal charges amounts up to the sum of your earnings plus your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% of all remaining Purchase Payments at the beginning of a Contract Year that have an “age” of less than eight (8) yearsthe Free Withdrawal Contract Year Age as shown in the Contract Specifications, plus 10% of any Purchase Payments received by us during that Contract Year, plus 100% of all remaining Purchase Payments that have an “age” of eight (8) years greater than or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of equal to the Free Withdrawal ChargesContract Year Age as shown in the Contract Specifications. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year. For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.

Amount of Withdrawal Charge. The amount of a Withdrawal Charge withdrawal charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge withdrawal charge as shown in the Contract Specifications. For purposes of calculating the withdrawal charge, we assume that amounts withdrawn will be applied to Purchase Payments first and in the order the Purchase Payments were received. The Withdrawal Charge withdrawal charge will be deducted proportionately from each Investment Option selected for withdrawal. Free Withdrawals — [During a Contract Year, you may withdraw free of Withdrawal Charges withdrawal charges amounts up to the sum of your earnings plus your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% of all remaining Purchase Payments at the beginning of a Contract Year that have an “age” of less than eight (8) yearsthe Free Withdrawal Contract Year Age as shown in the Contract Specifications, plus the Withdrawal Charge Percentage Amount shown in the Contract Specifications of any Purchase Payments received by us during that Contract Year, plus 100% of all remaining Purchase Payments that have an “age” of eight (8) years greater than or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of equal to the Free Withdrawal ChargesContract Year Age as shown in the Contract Specifications]. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year. For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.

Amount of Withdrawal Charge. The amount of a Withdrawal Charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge as shown in the Contract Specifications. For purposes of calculating the withdrawal charge, we assume that amounts withdrawn will be applied to Purchase Payments first and in the order the Purchase Payments were received. The Withdrawal Charge withdrawal charge will be deducted proportionately from each Investment Option selected for withdrawal. Free Withdrawals — – During a Contract Year, you may withdraw free of Withdrawal Charges withdrawal charges amounts up to the sum of your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% of all Purchase Payments that have an “age” of less than eight nine (8) 9) years, plus 100% of all remaining Purchase Payments that have an “age” of eight nine (8) 9) years or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of Withdrawal Chargeswithdrawal charges. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year. For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.

Amount of Withdrawal Charge. The amount of a Withdrawal Charge withdrawal charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge withdrawal charge as shown in the Contract Specifications. For purposes of calculating the withdrawal charge, we assume that amounts withdrawn will be applied to Purchase Payments first and in the order the Purchase Payments were received. The Withdrawal Charge withdrawal charge will be deducted proportionately from each Investment Option selected for withdrawal. Withdrawal Enhancements — We reserve the right, in our sole discretion, to calculate the withdrawal charge on more favorable terms than as otherwise described in the Amount of Withdrawal Charge provision above. These Withdrawal Enhancements may include an acceleration of the day on which the “age” of any Purchase Payment is considered to occur. Although we retain the discretion to add a Withdrawal Enhancement, once it is added, it is binding on us and effective for any specified period we have designated. In the event of any Withdrawal Enhancement, we will notify the Owner within thirty (30) days of the effective date of the enhancement. Free Withdrawals — During a Contract Year, you may withdraw free of Withdrawal Charges withdrawal charges amounts up to the sum of your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% of all Purchase Payments that have an “age” of less than eight ten (8) 10) years, plus 100% of all remaining Purchase Payments that have an “age” of eight ten (8) 10) years or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of Withdrawal Charges. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Yearwithdrawal charges. For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges withdrawal charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge withdrawal charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.

Amount of Withdrawal Charge. The amount of a Withdrawal Charge withdrawal charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge withdrawal charge as shown in the Contract Specifications. For purposes of calculating the withdrawal charge, we assume that amounts withdrawn will be applied to Purchase Payments first and in the order the Purchase Payments were received. The Withdrawal Charge withdrawal charge will be deducted proportionately from each Investment Option selected for withdrawal. Free Withdrawals — – During a Contract Year, you may withdraw free of Withdrawal Charges withdrawal charges amounts up to the sum of your earnings plus your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% of all Purchase Payments that have an “age” of less than eight (8) years, plus 100% of all remaining Purchase Payments that have an “age” of eight (8) years or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of Withdrawal Charges. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year. For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.

Amount of Withdrawal Charge. The amount of a Withdrawal Charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge as shown in the Contract Specifications. For purposes of calculating the withdrawal chargeWithdrawal Charge, we assume that amounts withdrawn will be applied to Purchase Payments first and in the order the Purchase Payments were received. The Withdrawal Charge will be deducted proportionately from each Investment Option selected for withdrawal. Free Withdrawals — During a Contract Year, you may withdraw free of Withdrawal Charges amounts up to the sum of your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% of all Purchase Payments that have an “age” of less than eight nine (8) 9) years, plus 100% of all remaining Purchase Payments that have an “age” of eight nine (8) 9) years or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of Withdrawal Charges. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year. For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.. 10-1221 14

Amount of Withdrawal Charge. The amount of a Withdrawal Charge withdrawal charge depends on how long the Purchase Payments are held under this Contract. The table of Withdrawal Charges is shown in the Contract Specifications. Each Purchase Payment has its own schedule of Withdrawal Charges associated with it. The Withdrawal Charge associated with a Purchase Payment is determined when the Purchase Payment is allocated to the Contract. The Withdrawal Charge applicable to a Purchase Payment is based on the total of all Purchase Payments allocated to the Contract. Each Purchase Payment you make is considered to have a certain “age,” depending on the length of time since that Purchase Payment was effective. A Purchase Payment is “age one” from the day it was effective until the next Contract Anniversary and increases in “age” on that and each succeeding Contract Anniversary. When you withdraw an amount, the “age” of any Purchase Payment you withdraw determines the level of Withdrawal Charge withdrawal charge as shown in the Contract Specifications. For purposes of calculating the withdrawal charge, we assume that amounts withdrawn will be applied to Purchase Payments first and in the order the Purchase Payments were received. The Withdrawal Charge withdrawal charge will be deducted proportionately from each Investment Option selected for withdrawal. Free Withdrawals — [During a Contract Year, you may withdraw free of Withdrawal Charges withdrawal charges amounts up to the sum of your earnings plus your “Eligible Purchase Payments”. Eligible Purchase Payments include 10% of all remaining Purchase Payments at the beginning of a Contract Year that have an “age” of less than eight (8) yearsthe Free Withdrawal Contract Year Age as shown in the Contract Specifications, plus the Withdrawal Charge Percentage shown in the Contract Specifications of any Purchase Payments received by us during that Contract Year, plus 100% of all remaining Purchase Payments that have an “age” of eight (8) years greater than or more. Once all Purchase Payments have been deemed withdrawn, any withdrawal will be deemed a withdrawal of earnings and will be free of equal to the Free Withdrawal ChargesContract Year Age as shown in the Contract Specifications]. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year. For those contracts issued to a Charitable Remainder Trust (CRT), the amount available for withdrawal free of Withdrawal Charges during a Contract Year includes all Eligible Purchase Payments plus all earnings even if all Purchase Payments have not been deemed withdrawn. Earnings — For the purposes of calculating the Withdrawal Charge as of the end of any Business Day, earnings equal the Contract Value less the aggregate Purchase Payments that are reduced by withdrawals of prior Purchase Payments.