Common use of CONTRACT FACTS Clause in Contracts

CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Division When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year without being considered an Excess Partial Withdrawal is described below. We will collect a Surrender Charge for Excess Partial Withdrawals and a charge for any unrecovered Premium Taxes. In no event may a Partial Withdrawal be greater than 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in force. Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year. To determine the Surrender Charge on Excess Partial Withdrawals, the withdrawals will occur in the following order:

Appears in 1 contract

Samples: Flexible Premium Deferred Variable Annuity Contract (VOYA INSURANCE & ANNUITY Co)

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CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Division Divisions When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year without being considered an Excess Partial Withdrawal is described below. We will collect a Surrender Charge for Excess Partial Withdrawals and a charge for any unrecovered Premium Taxes. In no event may a Partial Withdrawal be greater than 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in force. Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year. To determine the Surrender Charge on Excess Partial Withdrawals, the withdrawals will occur in the following order:

Appears in 1 contract

Samples: Flexible Premium Deferred Variable Annuity Contract (VOYA INSURANCE & ANNUITY Co)

CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Division Divisions When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year without being considered an Excess Partial Withdrawal is described below. We will collect a Surrender Charge for Excess Partial Withdrawals and a charge for any unrecovered Premium Taxespremium taxes. In no event may a Partial Withdrawal be greater than 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in force. Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year. To determine the Surrender Charge on Excess Partial Withdrawals, the withdrawals will occur in the following order:

Appears in 1 contract

Samples: Flexible Premium Deferred Variable Annuity Contract (VOYA INSURANCE & ANNUITY Co)

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CONTRACT FACTS. Contract Processing Date The Contract Processing Date for your Contract is [April 1] of each year. Specially Designated Division When a distribution is made from an investment portfolio underlying a Separate Account Division in which reinvestment is not available, we will allocate the amount of the distribution to the [Liquid Asset Division] unless you specify otherwise. PARTIAL WITHDRAWALS The maximum amount that can be withdrawn each Contract Year without being considered an Excess Partial Withdrawal is described below. We will collect a Surrender Charge for Excess Partial Withdrawals and a charge for any unrecovered Premium Taxes. In no event may a Partial Withdrawal be greater than 90% of the Cash Surrender Value. After a Partial Withdrawal, the remaining Accumulation Value must be at least $100 to keep the Contract in force. Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year. To determine the Surrender Charge on Excess Partial Withdrawals, the withdrawals will occur in the following order:: hxxxx://xxx.xxx.xxx/Xxxxxxxx/exxxx/data/836687/000083727601500024/ex4bidcvfac.txt 10/31/2017

Appears in 1 contract

Samples: Flexible Premium Deferred Combination Variable and Fixed Annuity Contract (VOYA INSURANCE & ANNUITY Co)

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