Common use of Maturity Value Transfer Clause in Contracts

Maturity Value Transfer. During the calendar month following a Guaranteed Account Maturity Date, the Certificate Holder may notify Aetna's home office in writing to Transfer or withdraw all or part of the Matured Term Value, plus accrued interest at the new Guaranteed Rate, from the Guaranteed Account without an MVA. This provision only applies to the first such written request received from the Certificate Holder during this period for any Matured Term Value.

Appears in 5 contracts

Samples: Variable Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Insurance Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Variable Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

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Maturity Value Transfer. During the calendar month following a Guaranteed Account Maturity Date, the Certificate Holder may notify Aetna's home office in writing to Transfer or withdraw all or part of the Matured Term Value, plus accrued interest at the new Guaranteed Rate, from the Guaranteed Account without an MVA. This provision only applies to the first such written request received from the Certificate Holder in good order during this period for any Matured Term Value.

Appears in 1 contract

Samples: Variable Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

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