Individual Account Termination. If the Individual Account value is an amount equal to or less than the amount shown on Contract Schedule I under Individual Account Termination Amount and we have received no Contributions for 12 months, we reserve the right to terminate an Individual Account. Before we do this, we notify the Contract Holder or Participant, as applicable, 90 calendar days in advance. When we terminate an Individual Account, we do not deduct a withdrawal charge. We do not exercise this right when the Individual Account value is equal to or less than the amount shown on Contract Schedule I under Individual Account Termination Amount due to investment performance.
Appears in 3 contracts
Samples: Group Combination Deferred Annuity Contract (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Group, Combination, Deferred Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Group, Combination, Deferred Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)
Individual Account Termination. If the Individual Account value is an amount equal to $3,500 or less than the amount shown on Contract Schedule I under Individual Account Termination Amount less, and we have received no Contributions for 12 months, we reserve the right to terminate an Individual Account. Before we do this, we notify the Contract Holder or Participant, as applicable, 90 calendar days in advance. When we terminate an Individual Account, we do not deduct a withdrawal charge. We do not exercise this right when the Individual Account value is equal to $3,500 or less than the amount shown on Contract Schedule I under Individual Account Termination Amount due to investment performance.
Appears in 2 contracts
Samples: Group Combination Deferred Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Group Combination Deferred Annuity Contract (Aetna Life Insurance & Annuity Co /Ct)
Individual Account Termination. If the Individual Account value is an amount equal to or less than the amount shown on Contract Schedule I under Individual Account Termination Amount and we have received no Contributions for 12 36 months, we reserve the right to terminate an Individual Account. Before we do this, we notify the Contract Holder or Participant, as applicable, 90 calendar days in advance. When we terminate an Individual Account, we do not deduct a withdrawal charge. We do not exercise this right when the Individual Account value is equal to or less than the amount shown on Contract Schedule I under Individual Account Termination Amount due to investment performance.
Appears in 2 contracts
Samples: Group Combination Deferred Annuity Contract (Ing Life Insurance & Annuity Co), Group Combination Deferred Annuity Contract (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)
