Common use of Distributions During Lifetime Clause in Contracts

Distributions During Lifetime. No amount is required to be distributed from this Custodial Account prior to the Participant's death. If this is an inherited IRA within the meaning of Code Section 408(d)(3)(C), this Section does not apply. The Participant may, at any time, request a distribution of part or all of the balance in his/her Custodial Account. The request shall be made to the Custodian in a form, manner and medium acceptable to the Custodian. The Custodian will confirm to the Participant the redemption of Shares made pursuant to any distribution from the Custodial Account.

Distributions During Lifetime. No amount is required to be distributed from this Custodial Account prior to the Participant's death. If this is an inherited IRA ▇▇▇ within the meaning of Code Section 408(d)(3)(C), this Section does not apply. The Participant may, at any time, request a distribution of part or all of the balance in his/her Custodial Account. The request shall be made to the Custodian in a form, manner and medium acceptable to the Custodian. The Custodian will confirm to the Participant the redemption of Shares made pursuant to any distribution from the Custodial Account.