Common use of Taxes, Fees and Assessments Clause in Contracts

Taxes, Fees and Assessments. Any charges made by us attributable to premium taxes imposed by a state or other government will be deducted at the Annuity Date, except in those jurisdictions that do not allow us to reduce our current taxable premium income by the amount of any withdrawal or death benefit. In those jurisdictions, we will also deduct a charge for those taxes on any withdrawal or death benefit paid under the Contract. We may also deduct a charge for assessments or federal premium taxes or federal, state, or local excise, profits, or income taxes measured by or attributable to the receipt of Premiums. We also reserve the right to deduct from the Separate Account any taxes imposed on the Separate Account.

Appears in 4 contracts

Samples: Ml of New York Variable Annuity Separate Account C, Merrill Lynch Life Variable Annuity Separate Account A, Merrill Lynch Life Variable Annuity Separate Account A

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