WITHDRAWAL PROVISIONS. Payments Of Withdrawals You may withdraw part or all of the Surrender Value, at any time before the earlier of the death of an Owner, the Annuity Commencement Date or the Maturity Date, by sending us a Written Request. We will pay all withdrawals within seven days of receipt at the Annuities Service Center subject to postponement in certain circumstances, as specified below. Total Withdrawal Upon receipt of your request to withdraw the entire Contract Value, we will terminate the Contract and pay you the Net Surrender Value. Partial Withdrawal If you request to withdraw an amount less than the Surrender Value, we will pay you the amount requested and deduct the Withdrawal Amount from the Contract Value. Unless you specify the amount to be withdrawn from each Investment Option, the Withdrawal Amount will be withdrawn from each Investment Option on a pro rata basis. Partial withdrawals will reduce the Death Benefit, as described in the Death Benefit section.
Appears in 6 contracts
Samples: John Hancock Life Insurance Co of New York Separate Account A, John Hancock Life Insurance Co of New York Separate Account A, John Hancock Life Insurance Co of New York Separate Account A
