Partial Withdrawals means any part of a Fund that is withdrawn by You.
Partial Withdrawals. You may withdraw a portion of your Surrender Value. If the amount of the partial withdrawal request reduces your Account Value below the Minimum Surrender Value After a Partial Withdrawal, we may treat your request as a request for a full surrender. The Minimum Withdrawal Amount and the Minimum Surrender Value After a Partial Withdrawal are shown in the Annuity Schedule. For partial withdrawal purposes, amounts are deemed to be withdrawn from Purchase Payments, then from other Surrender Value.
Partial Withdrawals. A Partial Withdrawal of a Participant's Account will occur when:
Examples of Partial Withdrawals in a sentence
During the Notice Period all Benefits including the right to Partial Withdrawals under this Policy shall continue to apply and all the Charges shall continue to be deducted.
Partial Withdrawals shall be allowed first from the Top-Up Fund Value and then from the Fund Value, if Top Up fund is insufficient.
Four Partial Withdrawals will be permitted free of charge in each Policy Year.
Where Partial Withdrawals are made, we will cancel units in accordance with Provision 11 (How we allocate and cancel units).
Partial Withdrawals that result in Fund Value in the Main Account being less than 50% of the total Premiums paid till the date of Partial Withdrawal will not be allowed.
More Definitions of Partial Withdrawals
Partial Withdrawals means any part of Fund that is encashed / withdrawn by the Policyholder.
Partial Withdrawals means any part of fund that is encashed/withdrawn by the policyholder during the period of contract.
Partial Withdrawals means any part of a Fund that is encashed /
Partial Withdrawals. You may withdraw part of your Surrender Value. The minimum withdrawal amount and the minimum Surrender Value after a withdrawal are shown in the Schedule. If the amount of the partial withdrawal request exceeds the maximum amount available, we reserve the right to treat your request as one for a full surrender. For a partial withdrawal that occurs while the contingent deferred sales charge applies, that charge is assessed against any Purchase Payments withdrawn. In order to determine whether the contingent deferred sales charge applies to withdrawals during this period, amounts are deemed to be withdrawn from your Annuity in the following order:
Partial Withdrawals means any part of fund that is encashed / withdrawn by the Policyholder during the Policy Term.
Partial Withdrawals means the cashing in of some (but not all) of the Units allocated to the relevant Customer in accordance with Clause 21 (Partial Withdrawal), but excludes the cashing-in of Units where the proceeds are to be the subject of a Switch to another ISA Agreement Fund.
Partial Withdrawals. Partial withdrawals have the effect of reducing the amount of future Annuity Payments. The Base Annuity Payment will be reduced by a percentage equal to the amount of the partial withdrawal divided by the full Payment Withdrawal Value at that time. For Annuity Payments in the Investment Options, this is accomplished through a proportional reduction in the number of Annuity Units. PARTIAL WITHDRAWALS ARE NOT AVAILABLE UNDER ANNUITY OPTION 1, 3 OR 5. WITHDRAWAL VALUES UNDER ANNUITY OPTIONS 1, 2, 3, 4, AND 5: The amount of the Withdrawal Value will be equal to the equal to the Stabilization Account Value plus a Payment Withdrawal Value that currently is equal to [4 times] the annualized sum of the current amount of the Supportable Payment and of any fixed payment. We reserve the right to change this Payment Withdrawal Value, but it will never be less than [2 times] the sum of the current amount of the Supportable Payment and of any fixed payment. WITHDRAWAL VALUES UNDER ANNUITY OPTION 6: The withdrawal charge, equal to the difference between the present value of remaining payments using the Assumed Investment Return (AIR) and the actual Payment Withdrawal Value, is capped at [9%] of the Purchase Payment. STABILIZATION PROCESS: STABILIZATION PAYMENTS AND GUARANTEED MINIMUM INCOME: Also, from one Income Year to the next, the Stabilized Payment will not change by more than [10%] except due to any of the Income Change Factors or to an increase due to the Stabilization Account reaching its cap at [80%] if the Purchase Payment.