Net Deposit. The Net Deposit is the actual deposit minus a charge to pay premium taxes, if any. As a rule, Aetna will take this charge out of an Individual Account Reserve (see below) when annuity payments are to start. But, if Aetna determines that it must pay any imposed premium tax at any other time, it may take out the charge at any time.
Appears in 6 contracts
Samples: Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Group Variable Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Variable Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)
Net Deposit. The Net Deposit is the actual single deposit minus a charge to pay premium taxes, if any. As a rule, Aetna will take this charge out of an Individual Account the Reserve (see below) when annuity payments are to start. But, if Aetna determines that it must pay any imposed premium tax at any other time, it may take out the charge at any time.
Appears in 2 contracts
Samples: Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Insurance Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)
Net Deposit. The Net Deposit is the actual single deposit minus a charge to pay premium taxes, if any. As a rule, Aetna will take this charge out of an Individual Account Reserve (see below) when annuity payments are to start. But, if Aetna determines that it must pay any imposed premium tax at any other time, it may take out the charge at any time.
Appears in 1 contract
Samples: Variable Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)
