Common use of Partial Surrender Clause in Contracts

Partial Surrender. You may make a Partial Surrender at any time prior to the Income Date by giving notice to Us. After the first Contract year, Partial Surrenders of up to 10% of the Contract’s Accumulation Value as of the last Contract Anniversary may be made without a Surrender Charge or MVA.

Appears in 1 contract

Sources: Life Insurance Contract

Partial Surrender. You may make a Partial Surrender at any time prior to the Income Date by giving notice to Us. After the first Contract yearYear, Partial Surrenders of up to 10% of the Contract’s Accumulation Value as of the last Contract Anniversary may be made without a Surrender Charge or MVA.

Appears in 1 contract

Sources: Life Insurance Contract

Partial Surrender. You may make a Partial Surrender at any time prior to the Income Date by giving notice to Us. After the first Contract yearYear, Partial Surrenders of up to 10% of the Contract’s Accumulation Value as of the last Contract Anniversary may be made without a Surrender Charge or MVACharge.

Appears in 1 contract

Sources: Life Insurance Contract