Common use of Maturity Value Transfer Clause in Contracts

Maturity Value Transfer. During the calendar month following a Fixed Account Maturity Date, the Certificate Holder may notify GALIC's Customer Service Center in writing to Transfer or withdraw all or part of the Matured Term Value, plus accrued interest at the new Guaranteed Rate, from the Fixed 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 3 contracts

Samples: Group Flexible Premium Deferred Combination Variable and Fixed Annuity Master Contract (VOYA INSURANCE & ANNUITY Co), Variable Annuity Group Master Contract (Separate Account B of Golden American Life Insurance Co), Variable Annuity Group Master Contract (Golden American Life Insurance Co /Ny/)

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

Appears in 1 contract

Samples: Flexible Premium Deferred Combination Variable and Fixed Annuity Contract (VOYA INSURANCE & ANNUITY Co)

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