Common use of PURCHASE PAYMENT, CURRENT VALUE, AND SURRENDER PROVISIONS Clause in Contracts

PURCHASE PAYMENT, CURRENT VALUE, AND SURRENDER PROVISIONS. 3.01. Net Purchase Payment(s): The actual Purchase Payment less any premium tax. As a rule, Aetna will deduct the premium tax when Annuity benefits are purchased (see Part IV). If Aetna determines that it must pay a premium tax when Purchase Payments are received or at any other time, it will deduct the tax at that time. The Net Purchase Payment(s) will be credited to: (a) the Fixed Account; (b) the Fund(s) in which the Separate Account invests. Aetna must be told the percentage of the Net Purchase Payment(s) to be applied to each investment above. During any calendar year, Aetna may be told to change the investment mix four times. If additional changes are allowed, each may be subject to a fee of up to $10.

PURCHASE PAYMENT, CURRENT VALUE, AND SURRENDER PROVISIONS. 3.01. Net Purchase Payment(s): The actual Purchase Payment less any premium tax. As a rule, Aetna will deduct the premium tax when Annuity benefits are purchased (see Part IV). If Aetna determines that it must pay a premium tax when Purchase Payments are received or at any other time, it will deduct the tax at that time. The Net Purchase Payment(s) will be credited to: (a) the Fixed Account; (b) the Fund(s) in which the Separate Account invests. Aetna must be told the percentage of the Net Purchase Payment(s) to be applied to each investment above. During any calendar year, Aetna may be told to change the investment mix four timestimes if more than one Purchase Payment is made. If additional changes are allowed, each may be subject to a fee of up to $10.