Common use of Any contract earnings Clause in Contracts

Any contract earnings. This Withdrawal is not subject to a Withdrawal Charge and it does not reduce the Withdrawal Charge Basis. The Withdrawal Charge Percentages Table is shown on the Contract Schedule. We will not assess the withdrawal charge on any payments paid out as Annuity Payments or as death benefits. Free Withdrawal Privilege Each Contract Year you can take multiple Withdrawals without incurring a Withdrawal Charge if, when added together, they do not exceed the Free Withdrawal Amount shown on the Contract Schedule. Any unused Free Withdrawal Privilege in one Contract Year is not added to the Free Withdrawal Amount available in the next year. If you take a Full Withdrawal, we assess a Withdrawal Charge with no reductions for the Free Withdrawal Privilege.

Appears in 6 contracts

Samples: Allianz Life Insurance Co of New York, Allianz Life of Ny Variable Account C, Allianz Life of Ny Variable Account C

AutoNDA by SimpleDocs

Any contract earnings. This Withdrawal is not subject to a Withdrawal Charge and it does not reduce the Withdrawal Charge Basis. The Withdrawal Charge Percentages Table is shown on the Contract Schedule. We will not assess the withdrawal charge on any onany payments paid out as Annuity Payments or as death benefits. Free Withdrawal Privilege Each Contract Year you can take multiple Withdrawals without incurring a Withdrawal Charge if, when added together, they do not exceed the Free Withdrawal Amount shown on the Contract Schedule. Any unused Free Withdrawal Privilege in one Contract Year is not added to the Free Withdrawal Amount available in the next year. If you take a Full Withdrawal, we assess a Withdrawal Charge with no reductions for the Free Withdrawal Privilege.

Appears in 2 contracts

Samples: Allianz Life of Ny Variable Account C, Allianz Life Insurance Co of New York

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.