SYSTEMATIC WITHDRAWALS. Systematic Withdrawals are automatic periodic Withdrawals from Contract Value in substantially equal amounts prior to the Annuity Start Date. To start Systematic Withdrawals, you must make the request in writing, stating the type of payment, its frequency and allocations for such Withdrawals. If no allocation is specified, SBL will deduct Systematic Withdrawals from the Accounts in the same proportion that Contract Value is allocated among the Accounts. The type of payment may be:
SYSTEMATIC WITHDRAWALS. Systematic Withdrawals are automatic periodic Withdrawals from Contract Value in substantially equal amounts prior to the Annuity Start Date. To start Systematic Withdrawals, you must make the request in writing, stating the type of payment, its frequency and allocations for such Withdrawals. If no allocation is specified, FSBL will deduct Systematic Withdrawals from the Accounts in the same proportion that Contract Value is allocated among the Accounts. Any Systematic Withdrawal will reduce Contract Value by the amount of the Systematic Withdrawal, any Withdrawal Charges attributable to the Systematic Withdrawal, and any Premium tax. The type of payment may be:
SYSTEMATIC WITHDRAWALS. Systematic Withdrawals are automatic periodic Withdrawals from Contract Value in substantially equal amounts prior to the Annuity Start Date. To start Systematic Withdrawals, you must make the request in writing, stating the type of payment, its frequency and allocations for such Withdrawals. If no allocation is specified, SBL will deduct each Systematic Withdrawal from the Accounts in the order shown on page 3A, "Method for Deductions." The type of payment may be: (1) in a fixed amount; (2) in Level Payments calculated by SBL; (3) for a specified period; (4) a specified percentage; (5) earnings only; or (6) based upon the life expectancy of the Owner or the Owner and a beneficiary. The payment frequency may be: (1) monthly; (2) quarterly; (3) semiannually; or (4) annually. The minimum Systematic Withdrawal amount is $100 per payment. You may stop or change Systematic Withdrawals upon proper written request Received by SBL at least 30 days in advance of the requested date of termination or change. SBL reserves the right to stop, modify or suspend Systematic Withdrawals at any time. WITHDRAWAL VALUE The Withdrawal Value is the amount available for Withdrawal. The Withdrawal Value as of the close of any Valuation Date is the Contract Value less: (1) any Withdrawal Charges; (2) any pro rata Account Charge; and (3) any Premium Tax due or paid by SBL. -------------------------------------------------------------------------------- DEATH BENEFIT PROVISIONS -------------------------------------------------------------------------------- DEATH BENEFIT
SYSTEMATIC WITHDRAWALS. Systematic Withdrawals are automatic periodic Withdrawals from Contract Value in substantially equal amounts prior to the Annuity Start Date. To start Systematic Withdrawals, you must make the request in writing, stating the type of payment, its frequency and allocations for such Withdrawals. If no allocation is specified, SBL will deduct Systematic Withdrawals from the Accounts in the same proportion that Contract Value is allocated among the Accounts. The type of payment may be: in a fixed amount; in Level Payments calculated by SBL; for a specified period; a specified percentage; earnings only; or based upon the life expectancy of the Owner or the Owner and a beneficiary. The payment frequency may be: monthly; quarterly; semiannually; or annually. The minimum Systematic Withdrawal amount is $100 per payment. You may stop or change Systematic Withdrawals upon proper written request Received by SBL at least 30 days in advance of the requested date of termination or change. SBL reserves the right to stop, modify or suspend Systematic Withdrawals at any time. WITHDRAWAL VALUE The Withdrawal Value is the amount available for Withdrawal. The Withdrawal Value as of the close of any Valuation Date is the Contract Value less: any Withdrawal Charges; any pro rata Account Charge; and any Premium tax due or paid by SBL.
SYSTEMATIC WITHDRAWALS. 13, 14 Free Systematic Withdrawals ......................................... 14
SYSTEMATIC WITHDRAWALS. The Certificate Owner may elect in writing on a form provided by the Company to take Systematic Withdrawals of a specified dollar amount (of at least $100) on a monthly, quarterly, semi-annual or annual basis. The Company will process the withdrawals as directed by surrendering on a pro-rata basis Accumulation Units from all of the Sub-Accounts in which the Certificate Owner has an interest, and the Fixed Account. A Contingent Deferred Sales Charge may apply to Systematic Withdrawals in accordance with the considerations set forth in the "Contingent Deferred Sales Charge" and "
SYSTEMATIC WITHDRAWALS. Envestnet will monitor accounts for sufficient cash for a systematic withdrawal. In the event an account may not have sufficient cash for a systematic withdrawal Envestnet will generate orders to raise the necessary cash and ensure their execution with respective clearing firms.
SYSTEMATIC WITHDRAWALS. Systematic withdrawals may be taken under either of the Withdrawal Options. The maximum systematic withdrawal amount is the amount available under the Free Withdrawal provision of this Contract. Systematic withdrawals can be taken for the full Guaranteed Annual Withdrawal Amount in the Withdrawal Phase, even if it exceeds the Free Withdrawal Amount, but surrender charges will apply once the Free Withdrawal Amount has been depleted. ICC11-WBDB-C Rider - Guaranteed Lifetime Withdrawal Benefit with Guaranteed Growth and Guaranteed Minimum Death Benefit Enhancement (continued)
SYSTEMATIC WITHDRAWALS. After the Contract is issued and prior to the Annuity Date, the Contract Owner may initiate systematic withdrawals. Systematic Withdrawals are available if the Free Withdrawal Amount has not been exhausted in the current Contract Year. The withdrawals can be made on a monthly, quarterly, semiannual or annual basis. The minimum amount of each withdrawal payment is specified in Section 1. We will adjust the frequency of payments so that payments are at least the minimum amount. A level systematic withdrawal payment will begin one modal period after the date of receipt of the request. Once initiated, the Contract Owner must send Us a written notice to stop the systematic withdrawals or to change the amount or the mode of the withdrawals. The systematic withdrawals will terminate upon the earlier of the death of the Contract Owner or the Annuitant, or upon notice from the Contract Owner. Systematic withdrawals will be subject to Surrender Charges if the annual amount withdrawn exceeds the Free Withdrawal Amount available under the Free Withdrawal provision outlined in this Contract. All withdrawals during the contract year are considered in the determination of the free amount withdrawn and the point at which Surrender Charges will be assessed for additional withdrawals. ICC23-PI-VA Page 18
SYSTEMATIC WITHDRAWALS. You may make a written request to automatically withdraw amounts from your contract. You may elect to receive these withdrawals monthly, quarterly, semi-annually, or annually, subject to any applicable federal or state laws, rules or regulations. The minimum amount of each systematic withdrawal may not be less than $300. Systematic withdrawals, in excess of the amount you can withdraw without withdrawal charges, will be subject to withdrawal charges. Systematic withdrawals will end:
