Common use of Initial Withdrawal Guarantee Clause in Contracts

Initial Withdrawal Guarantee. 3.2.1 On the Certificate Date, the initial Withdrawal Guarantee is established. The initial Withdrawal Guarantee is equal to (a) multiplied by (b), where: (a) is the Account Value on the Certificate Date; and (b) is the Withdrawal Guarantee Factor for the Attained Age. 3.2.2 Requests to issue Certificates greater than the Account Limit are subject to approval by our Administrative Office, as are requests to issue additional Certificates to current Certificate Owners. We are not required to approve such requests. 3.2.3 Additions to a Certificate Owner’s Account which currently exceeds the Account Limit or will cause the Account Limit to be exceeded are subject to approval by our Administrative Office. We are not required to approve such requests. Until approval is granted, the Certificate will be suspended as described in the General Provisions section.

Initial Withdrawal Guarantee. 3.2.1 3.1.1 On the Certificate Date, the initial Withdrawal Guarantee is was established. The initial Withdrawal Guarantee is equal to (a) multiplied by (b), where: (a) is the Account Value on the Certificate DateDate subject to the Account Limit; and (b) is the Withdrawal Guarantee Factor for the Attained Age. 3.2.2 3.1.2 Requests to issue Certificates greater than the Account Limit are subject to approval by our Administrative Office, as are requests to issue additional Certificates to current Certificate Owners. We are not required to approve such requests. 3.2.3 3.1.3 Additions to a Certificate Owner’s Account which currently exceeds the Account Limit or will cause the Account Limit to be exceeded are subject to approval by our Administrative Office. We are not required to approve such requests. Until approval is granted, the Certificate will be suspended as described in the General Provisions section.