Common use of LOAN VALUE Clause in Contracts

LOAN VALUE. During the Accumulation Period, a Participant may request a loan from his or her Individual Account Value in place of a partial withdrawal by submitting a loan request form to Aetna's Home Office. A loan may not be requested within 12 months of any prior loan request If the loan meets the requirements described below, it will not be taxable: (1) The loan amount must be at least $5,000. The loan amount when added to the outstanding balance of all previous loans may not exceed the lesser of: - One-half of the Individual Account Current Value plus the outstanding balance of all previous loans under the Plan Account; or - $50,000. Loans can only be made from those Individual Account Values held in the Fund(s) and the Fixed Account. Loans may not be made against amounts held in the GA Account although such values are included in the determination of Individual Account Value. If a Participant intends to request a loan against any portion of the GA Ac-count, that portion must be transferred to any Fund(s) or to the Fixed Account. The transferred amount will be subject to the Withdrawal and Market Value Adjustment provisions. When a loan is made, the number of Accumulation Units equal to the loan amount will be withdrawn from the Individual Account. Accumulation Units taken from an Individual Account to provide a loan do not participate in the investment experience of the related investment media. Unless instructed otherwise, the amount withdrawn will be allocated on a pro rata basis among the Fixed Account and the Fund(s). (2) Loan interest will accrue on a daily basis at the rate of 3% annually and must be paid in full each year. The interest must be paid directly to Aetna by the Participant. If interest is not paid when due, the entire loan amount plus interest will be treated as a taxable surrender under the terms of the Contract. (3) Repayment of a loan can be made at any time within 5 years from the date the loan was first made. Any unpaid portion of a loan must be repaid at the end of 5 years, upon election of an Annuity Option or upon full surrender of the Individual Account, whichever occurs first. Aetna may require all outstanding loans be paid if the Individual Account Value falls below an amount equal to 25% of total loans outstanding. Any loan and accrued interest not repaid when due will be considered a taxable surrender with appropriate deferred sales charges deducted from the Individual Account Value.

LOAN VALUE. During the Accumulation Period, a Participant may request a loan from his or her Individual Account Value in place of a partial withdrawal by submitting a loan request form accompanied by the appropriate waiver and spousal consent forms to Aetna's Home Office. A loan may not be requested within 12 months of any prior loan request request. If the loan meets the requirements described below, it will not be taxable: (1) The loan amount must be at least $5,000. The loan amount when added to the outstanding balance of all previous loans may not exceed the lesser of: - One-half of the total Individual Account Current Value plus the outstanding balance of all previous loans under the Plan Account; or - $50,000. Loans can only be made from those Individual Account Values held in the Fund(s) and the Fixed Account. Loans may not be made against amounts held in the GA Account although such values are included in the determination of Individual Account Value. If a Participant intends to request a loan against any portion of the GA Ac-count, that portion must be transferred to any Fund(s) or to the Fixed Account. The transferred amount will be subject to the Withdrawal and Market Value Adjustment provisions. When a loan is made, the number of Accumulation Units equal to the loan amount will be withdrawn from the Individual Account. Accumulation Units taken from an Individual Account to provide a loan do not participate in the investment experience of the related investment media. Unless instructed otherwise, the amount withdrawn will be allocated on a pro rata basis among the Fixed Account and the Fund(s). (2) Loan interest will accrue on a daily basis at the rate of 3% annually and must be paid in full each year. The interest must be paid directly to Aetna by the Participant. If interest is not paid when due, the entire loan amount plus interest will be treated as a taxable surrender under the terms of the Contract. (3) Repayment of a loan can be made at any time within 5 years from the date the loan was first made. Any unpaid portion of a loan must be repaid at the end of 5 years, upon election of an Annuity Option or upon full surrender of the Individual Account, whichever occurs first. Aetna may require all outstanding loans be paid if the Individual Account Value falls below an amount equal to 25% of total loans outstanding. Any loan and accrued interest not repaid when due will be considered a taxable surrender with appropriate deferred sales charges deducted from the Individual Account Value.

LOAN VALUE. During the Accumulation Period, a Participant may request a loan from his or her Individual Account Value in place of a partial withdrawal by submitting a loan request form to Aetna's Home Office. A loan may not be requested within 12 months of any prior loan request request. If the loan meets the requirements described below, it will not be taxable: (1) The loan amount must be at least $5,000. The loan amount when added to the outstanding balance of all previous loans may not exceed the lesser of: - [bullet] One-half of the Individual Account Current Value plus the outstanding balance of all previous loans under the Plan Account; or - [bullet] $50,000. Loans can only be made from those Individual Account Values held in the Fund(s) and the Fixed Account. Loans may not be made against amounts held in the GA Account although such values are included in the determination of Individual Account Value. If a Participant intends to request a loan against any portion of the GA Ac-countAccount, that portion must be transferred to any Fund(s) or to the Fixed Account. The transferred amount will be subject to the Withdrawal and Market Value Adjustment provisions. When a loan is made, the number of Accumulation Units equal to the loan amount will be withdrawn from the Individual Account. Accumulation Units taken from an Individual Account to provide a loan do not participate in the investment experience of the related investment media. Unless instructed otherwise, the amount withdrawn will be allocated on a pro rata basis among the Fixed Account and the Fund(s). (2) Loan interest will accrue on a daily basis at the rate of 3% annually and must be paid in full each year. The interest must be paid directly to Aetna by the Participant. If interest is not paid when due, the entire loan amount plus interest will be treated as a taxable surrender under the terms of the Contract. (3) Repayment of a loan can be made at any time within 5 years from the date the loan was first made. Any unpaid portion of a loan must be repaid at the end of 5 years, upon election of an Annuity Option or upon full surrender of the Individual Account, whichever occurs first. Aetna may require all outstanding loans be paid if the Individual Account Value falls below an amount equal to 25% of total loans outstanding. Any loan and accrued interest not repaid when due will be considered a taxable surrender with appropriate deferred sales charges deducted from the Individual Account Value.

LOAN VALUE. During the Accumulation Period, a Participant may request a loan from his or her Individual Account Value in place of a partial withdrawal by submitting a loan request form accompanied by the appropriate waiver and spousal consent forms to Aetna's Home Office. A loan may not be requested within 12 months of any prior loan request request. If the loan meets the requirements described below, it will not be taxable: (1) The loan amount must be at least $5,000. The loan amount when added to the outstanding balance of all previous loans may not exceed the lesser of: - [bullet] One-half of the total Individual Account Current Value plus the outstanding balance of all previous loans under the Plan Account; or - [bullet] $50,000. Loans can only be made from those Individual Account Values held in the Fund(s) and the Fixed Account. Loans may not be made against amounts held in the GA Account although such values are included in the determination of Individual Account Value. If a Participant intends to request a loan against any portion of the GA Ac-countAccount, that portion must be transferred to any Fund(s) or to the Fixed Account. The transferred amount will be subject to the Withdrawal and Market Value Adjustment provisions. When a loan is made, the number of Accumulation Units equal to the loan amount will be withdrawn from the Individual Account. Accumulation Units taken from an Individual Account to provide a loan do not participate in the investment experience of the related investment media. Unless instructed otherwise, the amount withdrawn will be allocated on a pro rata basis among the Fixed Account and the Fund(s). (2) Loan interest will accrue on a daily basis at the rate of 3% annually and must be paid in full each year. The interest must be paid directly to Aetna by the Participant. If interest is not paid when due, the entire loan amount plus interest will be treated as a taxable surrender under the terms of the Contract. (3) Repayment of a loan can be made at any time within 5 years from the date the loan was first made. Any unpaid portion of a loan must be repaid at the end of 5 years, upon election of an Annuity Option or upon full surrender of the Individual Account, whichever occurs first. Aetna may require all outstanding loans be paid if the Individual Account Value falls below an amount equal to 25% of total loans outstanding. Any loan and accrued interest not repaid when due will be considered a taxable surrender with appropriate deferred sales charges deducted from the Individual Account Value.