Common use of CONTRACT LOANS Clause in Contracts

CONTRACT LOANS. If your Contract is issued under a Qualified Plan under Code Section 401 or 403 and your Qualified Plan permits, you may request a loan of a portion of your Contract Value after your first Contract Year and before your Annuity Date. If your Contract is a Non-Qualified Contract, or if your Qualified Plan does not permit loans, loans under this Contract will not be available to you.

Appears in 5 contracts

Samples: Separate Account a of Pacific Life & Annuity Co, Separate Account B of Pacific Mutual Life Insurance Co, Separate Account a of Pacific Mutual Life Ins Co

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