Common use of Minimum Values Clause in Contracts

Minimum Values. To be maintained, the value of an Indexed Value Option must be at least $1,000. If, through Withdrawals or transfers, You reduce an Indexed Value Option to less than $1,000, We will automatically close that Indexed Value Option and transfer the remaining funds to Your Fixed Value Option on the next Contract Anniversary. To be maintained, Your Contract must contain at least the Minimum Contract Value Allowed as shown on Page 3. If through Withdrawals You reduce Your Contract Value to less than the Minimum Contract Value Allowed, Your Contract will automatically terminate and We will payout any remaining Cash Surrender Value. INDEX CREDITS are added to the Indexed Value Options on the Contract Anniversary and are calculated as follows:

Appears in 2 contracts

Samples: Eagle Life Insurance Co, Eagle Life Insurance Co

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Minimum Values. To be maintained, the value of an Indexed Value Option must be contain at least $1,000. If, through Withdrawals or transfersTransfers, You reduce an Indexed Value Option to less than $1,000, We will automatically close that Indexed Value Option and transfer the remaining funds to Your Fixed Value Option on the next Contract Anniversary. To be maintained, Your Contract must contain at least the Minimum Contract Value Allowed as shown on Page 3. If through Withdrawals You reduce Your Contract Value to less than the Minimum Contract Value Allowed, Your Contract will automatically terminate Terminate and We will payout any remaining Cash Surrender Value. INDEX CREDITS are added to the Indexed Value Options on the Contract Anniversary and are calculated as follows:

Appears in 1 contract

Samples: Eagle Life Insurance Co

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Minimum Values. To be maintained, the value of an Indexed Value Option must be at least $1,000. If, through Withdrawals or transfers, You reduce an Indexed Value Option to less than $1,000, We will automatically close that Indexed Value Option and transfer the remaining funds to Your Fixed Value Option on the next Contract Anniversary. To be maintained, Your Contract must contain at least the Minimum Contract Value Allowed as shown on Page 3. If through Withdrawals You reduce Your Contract Value to less than the Minimum Contract Value Allowed, Your Contract will automatically terminate and We will payout any remaining Cash Surrender Value. INDEX CREDITS are added to the Indexed Value Options on the Contract Anniversary and are calculated as follows:: Annual Point to Point Index Credits -

Appears in 1 contract

Samples: Eagle Life Insurance Co

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