Deduction of Fees and Charges. (1) Fees are payable for certain types of withdrawal or Payment Transactions you may request us to make. Our Fees are notified to you separately and detailed in our Standard Fees for Accounts and Payment Services; changes to any of our Fees will be notified to you at least one month before the change takes effect.
Deduction of Fees and Charges. Unless otherwise stated, fees and charges will be deducted from the Policy Value Account on a pro-rata basis from the Sub-Accounts and/or Fixed Account, where applicable. The Owner may Request that fees and charges be deducted from specific Sub-Accounts and/or Fixed Account, where applicable or designate a specific Sub-Account for this purpose. Any such request is subject to the provisions or restrictions of any riders or endorsements or any Sub-Accounts and the available value in the Sub-Accounts or Fixed Account where applicable. If there is insufficient value in a selected Sub-Account(s) or Fixed Account, then the Company may deduct any fees and charges or the remainder of such fees and charges on a pro-rata basis from the Sub-Account(s) or Fixed Account where applicable. The Owner may be required to maintain in any designated Sub-Account(s) amounts sufficient to cover estimated Policy fees and charges for specified periods. The Company reserves the right to transfer Sub-Account Value from any Sub-Account or Fixed Account to the Money Market Sub-Account in amounts sufficient to cover estimated Policy fees and charges for specified periods.
Deduction of Fees and Charges. Unless otherwise stated, fees and charges will be deducted from the Policy Value Account on a pro rata basis from the Sub-Accounts and/or Fixed Account, where applicable. The Owner may Request that fees and charges be deducted from specific Sub-Accounts and/or Fixed Account, where applicable, or designate a specific Sub-Account for this purpose. Any such request is subject to the provisions or restrictions of any Sub-Accounts and the Fixed Account and the available value in the Sub-Accounts or Fixed Account where applicable. If there is insufficient value in a selected Sub-Account(s), or Fixed Account, then the Company may deduct any fees and charges or the remainder of such fees and charges on a pro rata basis from the Sub-Accounts or Fixed Account where applicable. The Owner may be required to maintain in any designated Sub-Account(s) amounts sufficient to cover estimated Policy fees and charges for the next Policy Year. The Company reserves the right to transfer Sub-Account Value from any Sub-Account or Fixed Account to the Money Market Sub-Account in amounts sufficient to cover estimated Policy fees and charges for the next Policy Year. Cost of Insurance: An amount will be deducted on each Monthly Anniversary from the Policy Value Account to pay the cost of insurance for that Policy Month. The cost of insurance is calculated on the Monthly Anniversary and is equal to: The Death Benefit divided by the death benefit interest rate factor as shown on the Policy Schedule, less the Policy Value Account on each Monthly Anniversary, multiplied by the current monthly risk rate for the Insured’s Attained Age; plus The monthly administration charge. If there has been an increase or decrease in the Death Benefit during the Policy Year, the cost of insurance calculation will be adjusted accordingly to reflect the change.
Deduction of Fees and Charges. Sales Representative irrevocably directs EXIT Realty Midwest to deduct from any commissions payable to Sales Representative, the amount of any indebtedness owed to EXIT Realty Midwest or EXIT, as outlined in this Agreement.
