CONTRACT FACTS Sample Clauses

CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year.
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CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Divisions When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year without being considered an Excess Partial Withdrawal is described below. We will collect a Surrender Charge for Excess Partial Withdrawals and a charge for any unrecovered Premium Taxes. In no event may a Partial Withdrawal be greater than 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in force. Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year.
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CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Division When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year without being considered an Excess Partial Withdrawal is described below. We will collect a Surrender Charge for Excess Partial Withdrawals and a charge for any unrecovered Premium Taxes. In no event may a Partial Withdrawal be greater than 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in force. Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year. To determine the Surrender Charge on Excess Partial Withdrawals, the withdrawals will occur in the following order:
Sample 1See All (4)
CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Divisions When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year is described below. In no event may a Partial Withdrawal exceed 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in force. Conventional Partial Withdrawals Minimum Withdrawal Amount: $100. Systematic Partial Withdrawals Systematic Partial Withdrawals may be taken on a monthly, quarterly or annual basis. You select the day withdrawals will be made, but no later than the 28th day of the month. Minimum Withdrawal Amount: $100. Maximum Withdrawal Amount: Variable Separate Account Divisions: 1.25% monthly, 3.75% quarterly or 15% annually of Accumulation Value. Guaranteed Interest Divisions: Interest earned on a Guaranteed Interest Division for the prior month, quarter or year (depending on the frequency selected). [XXX Partial Withdrawals for Qualified Plans Only XXX Partial Withdrawals may be taken on a monthly, quarterly or annual basis. A minimum withdrawal of $100.00 is required. You select the day the withdrawals will be made, but no later than the 28th day of the month. If you do not elect a day, the Contract Date will be used. Systematic Partial Withdrawals and Conventional Partial Withdrawals are not allowed when XXX Partial Withdrawals are being taken.] GA-IA-1059 3D1 THE SCHEDULE CONTRACT FACTS (continued) --------------------------------------------------------------------------|--------------------------------------------------------------------------| | Annuitant Owner | | [XXXXXX X. XXX] [XXXX X. XXX] | |--------------------------------------------------------------------------| | Initial Premium Annuity Option Annuity Commencement Date| | [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2053] | |--------------------------------------------------------------------------| | Separate Account(s) Contract Number | | [SEPARATE ACCOUNT B] [123456] | |--------------------------------------------------------------------------| [Alternate schedule page 7% Enhanced Death Benefit] [DEATH BENEFIT The Death Benefit is the greatest ...
Sample 1See All (4)
CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Division When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year without being xxxxx://xxx.xxx.xxx/Archives/xxxxx/data/836687/000083727601500024/ex4didvac.txt 10/31/2017 considered an Excess Partial Withdrawal is described below. We will collect a Surrender Charge for Excess Partial Withdrawals and a charge for any unrecovered Premium Taxes. In no event may a Partial Withdrawal be greater than 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in force. Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year. To determine the Surrender Charge on Excess Partial Withdrawals, the withdrawals will occur in the following order:
Sample 1
CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Divisions When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year is described below. In no event may a Partial Withdrawal exceed 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in force. Conventional Partial Withdrawals Minimum Withdrawal Amount: $100. Systematic Partial Withdrawals Systematic Partial Withdrawals may be taken on a monthly, quarterly or annual basis. You select the day withdrawals will be made, but no later than the 28th day of the month. Minimum Withdrawal Amount: $100. Maximum Withdrawal Amount: Variable Separate Account Divisions: 1.25% monthly, 3.75% quarterly or 15% annually of Accumulation Value.
Sample 1
CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Division When a distribution is made from an investment portfolio underlying a Variable Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the ING Liquid Assets Division, or its successor, unless you specify otherwise. We also reserve the right to allocate premium to this Division during any Right to Examine period shown on the first page of this Contract. Benefit Option Package Benefit Option Package [II] was selected. Optional Benefit Riders [None]
Sample 1
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CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Division When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year without being considered an Excess Partial Withdrawal is described below. We will collect a Surrender Charge for Excess Partial Withdrawals and a charge for any unrecovered Premium Taxes. In no event may a Partial Withdrawal be greater than 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in force. Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year. To determine the Surrender Charge on Excess Partial Withdrawals, the withdrawals will occur in the following order: (1) Earnings; (2) The Free Amount; (3) Premium Payments made [four] or more years prior to the withdrawal; and (4) Premium Payments made less than [four] years prior to withdrawal. Earnings and Free Amounts are not treated as withdrawals of Premium Payments for purposes of calculating any Surrender Charge. Conventional Partial Withdrawals Minimum Withdrawal Amount: $100 The maximum amount that can be taken as a Conventional Partial Withdrawal each Contract Year without being considered an Excess Partial Withdrawal is the greater of: (1) Earnings (defined below) not previously withdrawn, but not less than zero; and (2) The Free Amount, equal to 10% of Premium Payments not previously withdrawn, which were received within [four] years prior to the date of withdrawal. Earnings are equal to the Accumulation Value, less Premium Payments, plus prior withdrawals. xxxxx://xxx.xxx.xxx/Archives/xxxxx/data/836687/000083727601500024/ex4didvac.txt 10/31/2017 GA-IA-1083 3D1 <PAGE> THE SCHEDULE CONTRACT FACTS (continued) ------------------------------------------------------------------------------ |-----------------------------------------------------------------------------| | Annuitant Owner | | [XXXXXX X. XXX] [XXXX X. XXX] | |-----------------------------------------------------------------------------| | Initial Premium Annuity Option Annuity Commencement Date | | [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] | ...
Sample 1
CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Divisions When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year is described below. In no event may a Partial Withdrawal exceed 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in
Sample 1

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