Amount Available for Withdrawal. Withdrawal Charges; Allocation of Withdrawals; Charge-Free Amounts; Waiver of Withdrawal Charges BENEFICIARY ............................................................... 11 DEATH OF ANNUITANT BEFORE ANNUITY DATE .................................... 12 DEATH OF ANNUITANT ON OR AFTER ANNUITY DATE ............................... 12
Amount Available for Withdrawal. The amount is the Contract Value as of the end of the Business Day on which the Withdrawal request is effective, less any: · Withdrawal Charges; · charges for expenses relating to Riders attached to the Contract; · charges for Annual Fees; and · charges for Premium Taxes and/or other taxes. The amount we send you (the “Withdrawal proceeds”) will also reflect any required or requested federal and/or state income tax withholding. Full Withdrawal – You may, on or before the Annuity Date, make a Full Withdrawal under this Contract for its Withdrawal proceeds, while the Owner or Annuitant in the case of a Non-Natural Owner, is living and the Contract is active. A Full Withdrawal will terminate the Contract and we will have no further obligations under the Contract.
Amount Available for Withdrawal. The amount available for withdrawal is the Contract Value as of the end of the Business Day on which the withdrawal request is effective, less any: • charges for expenses relating to optional riders attached to the Contract; and • charges for premium taxes and/or other taxes. The amount we send you (the “withdrawal proceeds”) will also reflect any required or requested federal and/or state income tax withholding. ICC12:10-1225 16
Amount Available for Withdrawal. Withdrawal Charges; Allocation of Withdrawals; Charge-Free Amounts; Waiver of Withdrawal Charges BENEFICIARY 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DEATH OF ANNUITANT BEFORE ANNUITY DATE 12 . . . . . . . . . . . . . . . . . . . DEATH OF ANNUITANT ON OR AFTER ANNUITY DATE 12 . . . . . . . . . . . . . . . . . PAYOUT PROVISIONS 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amount Available for Withdrawal. Upon the written request of a Participant received and approved by the Committee, a Participant may withdraw, in cash, up to one hundred per cent (100%) of the amount of such Participant's Before Tax Contributions (and any earnings credited to a Participant's account as of the end of the last Plan Year ending before July 1, 1989) or such lesser amount as the Committee may approve, in the event of Hardship. For purposes of this Section, Hardship is defined as immediate and heavy financial need of the Employee where such Employee lacks other available resources. Hardship distributions are subject to the spousal consent requirements contained in Sections 411(a)(11) and 417 of the Code. The Committee is authorized to and shall request from the Participant making such a request such evidence as the Committee deems necessary and appropriate to substantiate a Hardship, the amount of expenses resulting from such Hardship and the other resources of the Participant reasonably available to meet such expenses.
Amount Available for Withdrawal. The amount is the Contract Value as of the end of the Business Day on which the Withdrawal request is effective, less any: · charges for expenses relating to Riders attached to the Contract; and · charges for Premium Taxes and/or other taxes. The amount we send you (the “Withdrawal proceeds”) will also reflect any required or requested federal and/or state income tax withholding. Full Withdrawal – You may, on or before the Annuity Date, make a Full Withdrawal under this Contract for its Withdrawal proceeds, while the Owner or Annuitant in the case of a Non-Natural Owner, is living and the Contract is active. A Full Withdrawal will terminate the Contract and we will have no further obligations under the Contract.
Amount Available for Withdrawal. The amount available for Withdrawal is the Contract Value as of the end of the day on which the Withdrawal request is effective, less any applicable: · Withdrawal Charge; · Market Value Adjustment, if applicable; · Charges for expenses relating to any Riders attached to the Contract, if applicable; and · Charges for premium taxes and/or other taxes. The amount we send you (the "Withdrawal proceeds") will also reflect any required or requested federal and/or state income tax withholding. Free Withdrawals (“Free Withdrawal Amount”) – During a Contract Year, you may withdraw free of Withdrawal Charge and applicable Market Value Adjustment, the Free Withdrawal Amount. The Free Withdrawal Amount: · For Each Contract Year during the Withdrawal Charge Period is the Free Withdrawal Percentage multiplied by your Total Purchase Payments; and · For Each Contract Year during any subsequent MVA Term is the Free Withdrawal Percentage multiplied by the Contract Value on the Contract Anniversary corresponding to the start of an MVA Term. Any portion of the Free Withdrawal Amount not withdrawn during a Contract Year may not be carried over to the next Contract Year.
Amount Available for Withdrawal. The amount available for withdrawal is the Net Contract Value as of the end of the Business Day on which the withdrawal request is effective, less any: • withdrawal fee; • withdrawal charge; • annual fee; • Market Value Adjustment; • charges for expenses relating to optional benefit riders attached to the Contract; and • charges for premium taxes and/or other taxes. The amount we send you (the “withdrawal proceeds”) will also reflect any required or requested federal and/or state income tax withholding. Special Restrictions on Withdrawals from the GIOs – You may make withdrawals from the GIOs during any Contract Year, subject to the requirements, limitations and restrictions described in the preceding provisions of this section. However, each withdrawal from any GIO is subject to a Market Value Adjustment if such withdrawal occurs prior to the end of the Guarantee Term applicable to the GIOs from which the withdrawal is being made, unless such withdrawal is made within the thirty (30) day period following the end of the Guarantee Term. You may specify a Guarantee Term from which the withdrawal is to occur. We will deduct such withdrawal first from the oldest GIO within that GIO Term Value and then from the next oldest GIO in succeeding order, as needed. If you do not specify a Guarantee Term, we will deduct the amount of the withdrawal from the Contract Value in proportion to the GIO Term Values, beginning with the oldest GIO within each GIO Term Value.
Amount Available for Withdrawal. 19 Special Restrictions on Withdrawals from the GIOs..........................19
Amount Available for Withdrawal. You may make a withdrawal at any time prior to the Annuity Date while at least one Annuitant is living (the minimum withdrawal amount is shown on a Contract Data page). The total amount available for withdrawal at any time is the "cash value" of the contract. The cash value is equal to the contract fund, plus or minus the market-value adjustment of all amounts in MVA options, minus the withdrawal charge and the administrative charge that may apply for a surrender of the contract.
