EFFECT OF DIVORCE. If an applicable court order relating to the divorce requires a withdrawal of a specified amount from this Contract, the Ratchet Base and the GAWA will be reduced on a pro rata basis. If you are divorced • before you elect to begin taking GAWA payments under this Contract or • after you elect to begin taking GAWA payments under this Contract on a Single Life Basis, the former Spouse is not entitled to a pro rata portion of the GWBL or any GAWA payments. If you are divorced after you elect to begin taking GAWA payments under this Contract on a Joint Life Basis we will not be required to make GAWA payments longer than your life and life of the individual named as Spouse at the election to take GAWA payments.
Appears in 4 contracts
Samples: Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co), Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co), Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co)
