Free Withdrawal Amount. 11 Withdrawals.......................................................................................11
Free Withdrawal Amount. The amount available for withdrawal without incurring a Surrender Charge. The Free Withdrawal Amount is shown on the Specifications Page.
Free Withdrawal Amount. Each Contract Anniversary, You may withdraw or surrender a portion of Your Contract Value free from any Surrender Charge. The Free Withdrawal Amount available each Contract Anniversary is equal to [10%] of Remaining Purchase Payments subject to a Surrender Charge or required minimum distribution, if greater. Any unused portion of Your Free Withdrawal Amount cannot be carried forward to subsequent Contract years. We determine that the oldest Purchase Payment is the first Purchase Payment considered to be withdrawn. If the amount withdrawn exceeds the amount of the oldest Purchase Payment, the next oldest Purchase Payment is considered to be withdrawn, and so on until the most recent Purchase Payments are deemed to be withdrawn (the procedure being applied to withdrawals from your Contract Value is “First-In, First-Out” or FIFO procedure). A Surrender Charge will not be assessed against withdrawals taken to satisfy required minimum distribution requirements (RMDs) under [Section 401(a)(9) of the Internal Revenue Code (IRC)]. Withdrawals to satisfy any required minimum distributions would reduce the amount available under Your Free Withdrawal Amount.
Free Withdrawal Amount. After the first Contract Year, you may withdraw a portion of your Account Value free from any Withdrawal Charge. The Free Withdrawal Amount each Contract Year is equal to 10% of your Account Value as of the prior Contract Anniversary, less the total amount withdrawn from the Account Value in the current Contract Year. The Free Withdrawal Amount is non-cumulative and is not carried over to other Contract Years. Systematic Withdrawal Program Income taxes, tax penalties, and certain restrictions may apply to withdrawals under the Systematic Withdrawal Program. Withdrawals under the Systematic Withdrawal Program are subject to the same Withdrawal Charge provisions and risks as any other withdrawals under the Contract. Among other things, this means that Withdrawal Amounts in excess of the Free Withdrawal Amount are subject to a Withdrawal Charge. Moreover, since Withdrawal Amounts from a Shield Option will reduce the Investment Amount for that Shield Option by the percentage reduction in the Interim Value of that Shield Option, a withdrawal when Index Performance is negative will cause a greater percentage reduction in the Investment Amount relative to the percentage reduction for the same Withdrawal Amount when Index Performance is positive. Since withdrawals under the Systematic Withdrawal Program are automatic, you will have no control over the timing of those withdrawals.
Free Withdrawal Amount. Each Contract Year, you may withdraw a portion of your Contract Value free from any deferred sales charge. This amount is called the “free withdrawal amount”. The free withdrawal amount is not available upon full surrender of the contract. The free withdrawal amount is equal to 10% of any Purchase Payments not previously withdrawn and received in the current Contract Year plus the greater of:
Free Withdrawal Amount. During the first Contract Year you may withdraw an amount equal to 15% of your initial Purchase Payments without incurring a surrender charge. In any subsequent Contract Year you may withdraw, without incurring a surrender charge, an amount equal to the greatest of: (1) the earnings in your Contract as of the prior Contract Anniversary, if any; or, (2) 15% of your cumulative Purchase Payments as of the prior Contract Anniversary; or, (3) 15% of the Contract Value as of the prior Contract Anniversary. This is called the "free withdrawal amount". For the purpose of determining the free withdrawal amount, earnings equal the Contract Value on the prior Contract Anniversary minus Purchase Payments not previously assessed with a surrender charge. Withdrawals in excess of the free withdrawal amount during any Contract Year may be subject to the surrender charge. Determining the Surrender Charge — Prior to the {fifth} Contract Anniversary, we calculate the surrender charge by multiplying surrendered Contract Value in excess of any free withdrawal amount by its applicable surrender charge percentage, as shown on the Certificate. We will not assess a surrender charge on surrenders or partial surrenders after the {fifth} Contract Anniversary.
Free Withdrawal Amount. After the first contract year, in regard to the first surrender in any contract year, the cash value (as described in Section 3.12) of amounts surrendered up to 10% of the owner's interest in Fixed Account I, up to 10% of the owner's interest in Fixed Account II and up to 10% of the owner's interest in the separate account will be determined without a termination charge(the "free withdrawal amount"). Amounts surrendered later or in excess of this free withdrawal amount will be subject to termination charges as provided in Section 3.12.
Free Withdrawal Amount. Each Contract Year, a 10% withdrawal amount is available free from any deferred sales charge as defined on pages 7 and 8. ICC19-70506 Minnesota Life 1a
Free Withdrawal Amount. During the first Contract Year, the Contract Owner may withdraw up to 10% of the Purchase Payments reduced by any Free Withdrawal Amount(s) previously taken during such Contract Year. Beginning in the second Contract Year, the Contract Owner may withdraw up to 10% of the Contract Value determined as of the end of the previous Contract Year reduced by any Free Withdrawal Amount(s) previously taken during the Contract Year. Death Benefit During the Accumulation Period: See Basic Death Benefit Rider
Free Withdrawal Amount. During the first Contract Year, the Contract Owner may withdraw up to 10% of the Purchase Payments reduced by any Free Withdrawal Amount(s) previously taken during such Contract Year. Beginning in the second Contract Year, the Contract Owner may withdraw up to 10% of the Contract Value determined as of the end of the previous Contract Year reduced by any Free Withdrawal Amount(s) previously taken during the current Contract Year. Nursing Home Benefit: See Nursing Home Benefit Rider.
