Common use of PARTIAL WITHDRAWAL OPTION Clause in Contracts

PARTIAL WITHDRAWAL OPTION. You may make Partial Withdrawals at any time subject to Surrender Charges, MVA, and Minimum Values. We apply MVA and applicable Surrender Charges to: a. Amounts withdrawn in the first Contract Year; b. Amounts withdrawn in excess of the Penalty-free Withdrawal Option amount during the Surrender Charge Period; and c. Any Withdrawals taken after taking a Penalty-free Withdrawal in any Contract Year during the Surrender Charge Period. We calculate MVAs and Surrender Charges as described on Page 7, pay You the Withdrawal Proceeds, and adjust Your Values as described in Contract Values Provisions. We deduct Withdrawals first from Your Fixed Value Option, then proportionally from Your Indexed Value Option(s) until We reach the amount You requested. We process Penalty-free Withdrawals before Partial Withdrawals. For example, if You request a Withdrawal in excess of the Penalty-free Withdrawal amount, the Penalty-free Withdrawal Option provision applies to the Penalty-free Withdrawal amount with no Surrender Charge or MVA, and the remaining amount falls under the Partial Withdrawal Option provision, and is affected by any applicable Surrender Charges and MVA. Some Limitations may apply, see Limitations section below.

PARTIAL WITHDRAWAL OPTION. You may make Partial Withdrawals at any time subject to Surrender Charges, MVA, and Minimum Values. We apply MVA and applicable Surrender Charges to: a. Amounts withdrawn in the first Contract Year; b. Amounts withdrawn in excess of the Penalty-free Withdrawal Option amount during the Surrender Charge Period; and c. Any Withdrawals taken after taking a Penalty-free Withdrawal in any Contract Year during the Surrender Charge Period. We calculate MVAs and Surrender Charges as described on Page 7Pages 8 & 9, pay You the Withdrawal Proceeds, and adjust Your Values as described in Contract Values Provisions. We deduct Withdrawals first from Your Fixed Value Option, then proportionally from Your Indexed Value Option(s) until We reach the amount You requested. We process Penalty-free Withdrawals before Partial Withdrawals. For example, if You request a Withdrawal in excess of the Penalty-free Withdrawal amount, the Penalty-free Withdrawal Option provision applies to the Penalty-free Withdrawal amount with no Surrender Charge or MVA, and the remaining amount falls under the Partial Withdrawal Option provision, and is affected by any applicable Surrender Charges and MVA. Some Limitations may apply, see Limitations section below.

PARTIAL WITHDRAWAL OPTION. You may make Partial Withdrawals at any time subject to Surrender Charges, MVA, and Minimum Values. We apply MVA and applicable Surrender Charges to: a. Amounts withdrawn in the first Contract Year; b. Amounts withdrawn in excess of the Penalty-free Withdrawal Option amount during the Surrender Charge Period; and c. Any Withdrawals taken after taking a Penalty-free Withdrawal in any Contract Year during the Surrender Charge Period. We calculate MVAs and Surrender Charges as described on Page 7Pages 8 & 9, pay You the Withdrawal Proceeds, and adjust Your Values as described in Contract Values Provisions. We deduct Withdrawals first from Your Fixed Value Option, then proportionally from Your Indexed Value Option(sOption (s) until We reach the amount You requested. We process Penalty-free Withdrawals before Partial Withdrawals. For example, if You request a Withdrawal in excess of the Penalty-free Withdrawal amount, the Penalty-free Withdrawal Option provision applies to the Penalty-free Withdrawal amount with no Surrender Charge or MVA, and the remaining amount falls under the Partial Withdrawal Option provision, and is affected by any applicable Surrender Charges and MVA. Some Limitations may apply, see Limitations section below.