Common use of Description of Option Package I Clause in Contracts

Description of Option Package I. Deferred Sales Charge: In addition to the events described in Section III - Deferred Sales Charge, the total amount that may be withdrawn each Account Year without a Deferred Sales Charge cannot exceed 10% of the Account Value less: (1) Any amount(s) withdrawn and/or requested for withdrawal under a Systematic Distribution Option, or (2) Any amount(s) taken as a minimum required distribution as described in Section III - Deferred Sales Charge.

Appears in 3 contracts

Samples: Variable Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Group Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Insurance Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

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Description of Option Package I. Deferred Sales Charge: In addition to the events described in Section III - Deferred Sales Charge, the total amount that may be withdrawn each Account Year without a Deferred Sales Charge cannot exceed 10% of the Account Value less: (1) Any amount(s) withdrawn and/or requested for withdrawal under a Systematic Distribution Option, ; or (2) Any amount(s) taken as a minimum required distribution as described in Section III - Deferred Sales Charge.

Appears in 1 contract

Samples: Variable Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

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