Common use of ADMINISTRATIVE AND OTHER CHARGES DEDUCTED FROM ANNUITY ACCOUNT VALUE Clause in Contracts

ADMINISTRATIVE AND OTHER CHARGES DEDUCTED FROM ANNUITY ACCOUNT VALUE. As of each Processing Date, we will deduct Administrative Charges or other Charges related to the administration and/or distribution of this Contract from the Annuity Account Value. Such Charges are shown in the Data Pages. If specified in the Data Pages, the Charges will be deducted in full or prorated for the Contract Year, or portion thereof, in which the Contract Date occurs or in which the Annuity Account Value is withdrawn or applied to provide an Annuity Benefit or Death Benefit. If so, the Charges will be deducted when withdrawn or so applied. The amount of any such Charge will in no event exceed any maximum amount shown in the Data Pages, subject to any maximum amount permitted under any applicable law. We have the right to change the amount of the Charges with respect to future Contributions. We will give you advance notice of any such change.

Appears in 6 contracts

Samples: Flexible Premium Deferred Fixed and Variable Annuity Contract (Variable Account AA), Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co), Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co)

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ADMINISTRATIVE AND OTHER CHARGES DEDUCTED FROM ANNUITY ACCOUNT VALUE. As of each Processing Date, we will deduct Administrative Charges or other Charges related to the administration and/or distribution of this Contract from the Annuity Account Value. Such Charges are shown in the Data PagesSpecification Page. If specified in the Data PagesSpecification Page, the Charges will be deducted in full or prorated for the Contract Year, or portion thereof, in which the Contract Date occurs or in which the Annuity Account Value is withdrawn or applied to provide an Annuity Benefit or Death Benefit. If so, the Charges will be deducted when withdrawn or so applied. The amount of any such Charge will in no event exceed any maximum amount shown in the Data PagesSpecification Page, subject to any maximum amount permitted under any applicable law. We have the right to change the amount of the Charges with respect to future Contributions. We will give you advance notice of any such change.

Appears in 1 contract

Samples: Flexible Premium Deferred Variable Annuity Contract (Universal Life Separate Account Fortune VII)

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