SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic Withdrawals from Your Contract monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is shown on the Contract Data Page. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge as discussed in the WITHDRAWAL CHARGE and PENALTY-FREE WITHDRAWALS provisions. You may terminate Your participation in the Systematic Withdrawal Program at any time by sending Us a written request.
SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is $100, provided that the amount remaining after withdrawal is $500. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge as discussed in the WITHDRAWAL CHARGE and PENALTY-FREE WITHDRAWALS provisions. You may terminate Your participation in the Systematic Withdrawal Program at any time by sending Us a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time. Systematic withdrawals will be deducted first from the Penalty-Free Withdrawal amount available each Contract Year.
SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge [and a Market Value Adjustment] as discussed in the WITHDRAWAL CHARGE and PENALTY-FREE WITHDRAWALS [and MARKET VALUE ADJUSTMENT] provisions. You may terminate Your participation in the Systematic Withdrawal Program at any time by sending Us a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time. Systematic withdrawals will be deducted from the Penalty-Free Withdrawal amount available each Contract Year.
SYSTEMATIC WITHDRAWAL PROGRAM. A Planholder may elect to establish a systematic withdrawal program, after the Planholder has completed all regularly scheduled Plan investments or from an incomplete Plan if the withdrawals are to be taken from a Plan that is part of an XXX and the Planholder has reached age
SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge [and a Market Value Adjustment] as discussed in the WITHDRAWAL CHARGE and PENALTY-FREE WITHDRAWAL [and MARKET VALUE ADJUSTMENT] provisions. You may terminate Your participation in the Systematic Withdrawal Program at any time by sending Us a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time. Systematic withdrawals will be deducted from the Penalty-Free Withdrawal amount available each Contract Year. DEATH PROVISIONS Notwithstanding any provision of this Contract to the contrary, all payments of benefits under this Contract will be made in a manner that satisfies the requirements of IRC Section 72(s), as amended from time to time. If the Contract is owned by a trust or other non-natural person, We will treat the death of any Annuitant as the death of the "Primary Annuitant" and as the death of any Owner. DUE PROOF OF DEATH
SYSTEMATIC WITHDRAWAL PROGRAM. You may have automatic withdrawals of a specified dollar amount made periodically. We will make these withdrawals from the subaccounts in the same proportion as the value of each subbaccount bears to the Contract Value. These systematic withdrawals are in addition to the withdrawals permitted annually under the Contract. The minimum amount of each withdrawal and the remaining Contract Value after a withdrawal is shown in the Contract Schedule. The Systematic Withdrawal Program cannot extend beyond the Annuity Date.
SYSTEMATIC WITHDRAWAL PROGRAM. We offer a program that allows the Owner to pre-authorize scheduled periodic withdrawals on a monthly, quarterly, semi-annual or annual basis prior to the Annuitization Date. The Owner may specify (i) the day of the month (other than the 29th, 30th or 31st) on which the scheduled periodic withdrawal is to be made and (ii) the Systematic Withdrawal Option offered by the Company. In the event the Owner fails to select the frequency, we reserve the right to automatically default to monthly. We currently offer three (3) types of Systematic Withdrawal Options: (i) a fixed dollar amount determined by you, (ii) an annual percentage determined by you, or (iii) the annual Free Withdrawal as specified in this Certificate and determined by us. The minimum Systematic Withdrawal currently is $100.
SYSTEMATIC WITHDRAWAL PROGRAM. Subject to applicable restrictions as shown on the Contract Data Page, you may elect to participate in a Systematic Withdrawal Program by providing a request that is received by us in Good Order. The Systematic Withdrawal Program allows you to make automatic Withdrawals. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Surrender Charge as discussed in the Surrender Charge and Free Withdrawal Amount provisions. You may terminate your participation in the Systematic Withdrawal Program at any time by providing a request that is received by us in Good Order. We will provide notice to you if we modify or terminate the Systematic Withdrawal Program. Required Minimum Distributions A Surrender Charge may not be assessed on a Withdrawal that was made as a distribution intended to satisfy the required minimum distribution rules under Internal Revenue Code (“IRC”) section 401(a)(9) and the Treasury Regulations promulgated thereunder, as applicable, to an Individual Retirement Account (IRC section 408(a)), an Individual Retirement Annuity (IRC section 408(b)), or a Xxxx XXX (IRC section 408A). For any Required Minimum Distributions to be considered as a Required Minimum Distribution for purposes of the Free Withdrawal Amount, all of the following requirements must be met: • the Owner must choose a Systematic Withdrawal Program authorizing the Company to calculate and pay the Required Minimum Distribution for the calendar year; • each Required Minimum Distribution is based solely on this Contract and is calculated based on information that the Owner provides to us and our understanding of the Tax Code and Treasury Regulations. We reserve the right to make changes in such calculations as we determine to be appropriate to comply with federal tax law; and • no Withdrawals (other than Required Minimum Distributions) in excess of the Free Withdrawal Amount are taken from the Contract during the Contract Year.
SYSTEMATIC WITHDRAWAL PROGRAM. On or before the Annuity Date, You may elect to participate in a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is subject to Company limits. You may terminate Your participation in the Systematic Withdrawal Program at any time by sending Us a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time.
