GUARANTEED BENEFIT CHARGE. We will deduct a Guaranteed Benefit Charge equal to a percentage of your Annuity Account Value, as shown in the Data Pages, on each Contract Anniversary Date. Such charge will be deducted on a pro rata basis from all Variable Investment Options. The deduction of this charge will not cause a reduction in the Ratchet Base or the GAWA.
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)
