CONTRACT FEE. For amounts held in the Structured Investment Option, the “Contract Fee” means a fee that is deducted from each Segment on the Segment Maturity Date as part of the Segment Rate of Return calculation, as shown in the Data Pages. If your Contract is (i) terminated, (ii) amounts are applied to an Annuity Benefit, (iii) a withdrawal is made, (iv) a transfer out of a Segment is taken, or (v) a Death Benefit is paid, on any date other than the Segment Maturity Date, we will deduct a pro rata portion of the Contract Fee from each Segment.
Appears in 4 contracts
Sources: Individual Flexible Premium Deferred Fixed and Index Linked Variable Annuity Contract (Equitable Financial Life Insurance Co of America (RILA)), Individual Flexible Premium Deferred Fixed and Index Linked Variable Annuity Contract (Equitable Financial Life Insurance Co (RILA)), Individual Flexible Premium Deferred Fixed and Index Linked Variable Annuity Contract (Equitable Financial Life Insurance Co of America (RILA))