Common use of Partial Surrender Clause in Contracts

Partial Surrender. You may make a partial surrender at any time before the earliest of: (1) the death of the Annuitant; (2) the death of the Owner; or (3) the maturity date. You may make a partial surrender of up to 10% of the contract value each contract year without incurring a surrender charge. Any surrender in excess of 10% during a contract year will be subject to the surrender charge. We will surrender the amount requested from the contract value on the day we receive written notice for the surrender. We will deduct any applicable surrender charge from the remaining contract value. If the remaining contract value is less than the surrender charge, we will reduce the amount surrendered. You may specify the specific amount to be surrendered from certain subaccounts or the fixed account. The minimum distribution requested must be for at least $100. We will pay partial surrender proceeds in a lump sum. We will pay you the amount requested and cancel units equal to the amount surrendered from the subaccounts and/or the fixed account according to your instructions. In the event that the amount to be surrendered exceeds the subaccount(s) value and/or the fixed account value, we will process the surrender for the amount available and contact you for further instructions. We limit the option to elect a 10% free partial surrender to one per contract year, even if the amount surrendered during that year is less than 10% of the contract value. If you are participating in the systematic partial surrender plan, that is considered the one free partial surrender for the contract year. Certain federal income tax consequences may apply to partial surrenders from the contract. You should consult your tax adviser before requesting any partial surrenders.

Partial Surrender. You may make a partial surrender at any time before the earliest earlier of: (1) the death of the Annuitant; (2) the death of the Owner; or (3) the maturity date. You may make a partial surrender of up to 10% of the contract value each contract year without incurring a surrender charge. Any surrender in excess of 10% during a contract year will be subject to the surrender charge. We will surrender the amount requested from the contract value on the day we receive written notice for the surrender. We will deduct any applicable surrender charge from the remaining contract value. If the remaining contract value is less than the surrender charge, we will reduce the amount surrendered. You may specify the specific amount to be surrendered from certain subaccounts sub-accounts or the fixed account. The minimum distribution requested must be for at least $100. We will pay partial surrender proceeds in a lump sum. We will pay you the amount requested and cancel units equal to the amount surrendered from the subaccounts sub-accounts and/or the fixed account according to your instructions. In the event that the amount to be surrendered exceeds the subaccount(ssub-account(s) value and/or the fixed account value, we will process the surrender for the amount available and contact you for further instructions. We limit the option to elect a 10% free partial surrender to one per contract year, even if the amount surrendered during that year is less than 10% of the contract value. If you are participating in the systematic partial surrender plan, that is considered the one free partial surrender for the contract year. Certain federal income tax consequences may apply to partial surrenders from the contract. You should consult your tax adviser advisor before requesting any partial surrenders.

Partial Surrender. You may make a partial surrender at At any time before the earliest of: (1) earlier of the death of the Annuitant; (2) the death of the Owner; or (3) Annuitant or the maturity date. You , you may make a partial surrender of up to 10% of the contract value each contract year and have the proceeds paid to you in a lump sum without incurring a surrender charge. Any However, any surrender in excess of 10% during a contract year will be subject to the surrender charge. The minimum distribution requested must be for at least $100. We will surrender the amount requested from the contract value on the day we receive written notice for the surrendersurrender is received at our Home Office. We will deduct any Any applicable surrender charge will be deducted from the remaining contract value. If the remaining contract value is less than the surrender charge, we will reduce the amount surrenderedsurrendered will be reduced. You may specify the specific amount to be surrendered from certain subaccounts sub-accounts or the fixed account. The minimum distribution requested must be for at least $100. We After the surrender charge described in Section 1, Contract Data reaches zero, we will pay not make an adjustment on partial surrender proceeds in a lump sumsurrenders regardless of the amount of contract value surrendered. We will pay you the amount requested and cancel units equal to the amount surrendered from the subaccounts sub-accounts and/or the fixed account according to your instructions. In the event that the amount to be surrendered exceeds the subaccount(ssub-account(s) value and/or the fixed account value, we will process the surrender for the amount available and contact you for further instructions. We limit the The option to elect a 10% free partial surrender is limited to one per contract year, even if the amount surrendered during that year is less than 10% of the contract value. If you are participating in the systematic partial surrender plan, that is considered the one free partial surrender for the contract year. Certain federal income tax consequences may apply to partial surrenders from the contract. You Therefore, you should consult with your tax adviser advisor before requesting any partial surrenders.