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 Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge [and a Market Value Adjustment] as discussed in the WITHDRAWAL CHARGE and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
Appears in 2 contracts
Sources: Annuity Contract (Variable Separate Account of Anchor National Life Insur Co), Annuity Contract (Variable Separate Account of Anchor National Life Insur Co)