Common use of MINIMUM AMOUNT RULE Clause in Contracts

MINIMUM AMOUNT RULE. Prior to the Annuity Commencement Date, if on any Contract Anniversary Your Contract Value, due to investment performance, is reduced below an amount equal to the greater of the Contract minimum rule stated under Your Contract or one of Your LBPs, or if on any Valuation Day, as a result of a Partial Surrender, Your Contract Value is reduced below an amount equal to the greater of the Contract minimum rule stated under Your Contract or one of Your LBPs, then:

Appears in 3 contracts

Sources: Variable Annuity Contract (Talcott Resolution Life & Annuity Insur Co Separate Account Three), Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven), Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven)