Excess Withdrawal Amount definition
Examples of Excess Withdrawal Amount in a sentence
An Excess Withdrawal Amount, as applicable to any individual withdrawal within each Contract Year, is equal to the total amount withdrawn, minus the Guaranteed Annual Withdrawal Amount remaining prior to the withdrawal.
Excess Withdrawal Amount, as applicable to any individual withdrawal, is equal to the Total withdrawal amount less the Guaranteed Annual Withdrawal Amount remaining prior to the withdrawal.
Any such Excess Withdrawal Amount from a Reinsurance Trust Account and any interest accrued thereon in accordance with the preceding sentence shall be deemed to be an amount due to the Reinsurer and subject to Section 8.4.
The Excess Withdrawal Amount, as applicable to any individual withdrawal, is equal to the greater of (a) zero, and (b) total withdrawal amount less the Guaranteed Annual Withdrawal Amount remaining before the withdrawal is taken.