Common use of Contribution Limit Clause in Contracts

Contribution Limit. We may refuse to accept a Contribution made with respect to an Annuitant if the total prior Contributions made exceed (or if acceptance of such Contribution would cause the total Contributions to exceed) the following: (i) $500,000, if the Annuitant's current age last birthday is 75 or less. (ii) $250,000, if the Annuitant's current age last birthday is 76-79. We may refuse to accept any Contribution made with respect to an Annuitant if such ▇▇▇▇▇▇▇▇▇'s current age last birthday is 80 or greater. -------------------------------------------------------------------------------

Appears in 1 contract

Sources: Annuity Contract (Separate Account a of Equitable Life Assu Soc of the Us)

Contribution Limit. We may refuse to accept a Contribution made with respect to an Annuitant if the total prior Contributions made exceed (or if acceptance of such Contribution would cause the total Contributions to exceed) the following: (i) $500,000, if the Annuitant's current age last birthday is 75 or less. (ii) $250,000, if the Annuitant's current age last birthday is 76-79. We may refuse to accept any Contribution made with respect to an Annuitant if such ▇▇▇▇▇▇▇▇▇'s current age last birthday is 80 or greater. ---------------------------------------------------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Sources: Annuity Contract (Separate Account a of Equitable Life Assu Soc of the Us)