Common use of Administration Charge Clause in Contracts

Administration Charge. The Administration Charge is shown on the Contract Specifications page. It is deducted daily from each of the Sub-Accounts. This deduction is made to reimburse us for certain expenses that are incurred in the administration of this Contract and the Separate Account. Certificate Maintenance Fee The Certificate Maintenance Fee (“Fee”) is shown on the Contract Specifications page. It is deducted for a Participant as of the Valuation Period after each Certificate Anniversary that his or her interest in this Contract is in effect until the Commencement Date. The full annual Fee will also be deducted at the time of a surrender of his or her interest. The Fee will be deducted pro-rata from each Sub-Account in which the Participant has an interest at that time. The Fee does not apply to the Fixed Account. After his or her Commencement Date, if Variable Dollar payments are to be made, the Fee will be deducted pro-rata from each payment. This deduction will result in a reduction in the amount of such payment. We may waive the Fee in whole or in part in our sole discretion. SURRENDERS AND WITHDRAWALS

Appears in 2 contracts

Samples: Annuity Investors Variable Account B, Annuity Investors Variable Account B

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Administration Charge. The Administration Charge is shown on the Contract Specifications page. It is deducted daily from each of the Sub-Accounts. This deduction is made to reimburse us for certain expenses that are incurred in the administration of this Contract and the Separate Account. Certificate Maintenance Fee The Certificate Maintenance Fee (“Fee”) is shown on the Contract Specifications page. It is deducted for from the interest of a Participant in this Contract as of the Valuation Period Date after each Certificate Anniversary that his or her interest in this Contract is in effect until the Commencement Date. The full annual Fee will also be deducted at the time of a surrender of his or her interestinterest in this Contract. The Fee will be deducted pro-rata from each Sub-Account in which the Participant he or she has an interest at that time. The Fee does not apply to the Fixed Account. After his or her the Commencement Date, if Variable Dollar payments are to be made, the Fee will be deducted pro-rata from each payment. This deduction will result in a reduction in the amount of such payment. We may waive the Fee in whole or in part in our sole discretion. SURRENDERS AND WITHDRAWALSAILIC

Appears in 1 contract

Samples: Annuity Investors Variable Account B

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Administration Charge. The Administration Charge is shown on the Contract Specifications page. It is deducted daily from each of the Sub-Accounts. This deduction is made to reimburse us for certain expenses that are incurred in the administration of this Contract and the Separate Account. Certificate Maintenance Fee The Certificate Maintenance Fee (“Fee”) is shown on the Contract Specifications page. It is deducted for from the interest of a Participant in this Contract as of the Valuation Period Date after each Certificate Anniversary that his or her interest in this Contract is in effect until the Commencement Date. The full annual Fee will also be deducted at the time of a surrender of his or her interestinterest in this Contract. The Fee will be deducted pro-rata from each Sub-Account in which the Participant he or she has an interest at that time. The Fee does not apply to the Fixed Account. After his or her the Commencement Date, if Variable Dollar payments are to be made, the Fee will be deducted pro-rata from each payment. This deduction will result in a reduction in the amount of such payment. We may waive the Fee in whole or in part in our sole discretion. SURRENDERS AND WITHDRAWALS.

Appears in 1 contract

Samples: Annuity Investors Variable Account B

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