Common use of Payment of Adjusted Account Value Clause in Contracts

Payment of Adjusted Account Value. Upon 90 days written notice to the Certificate Holder, Aetna will terminate any Account if the Account Value becomes less than $2,000 immediately following any partial withdrawal and provided no Purchase Payments have been made in three years. Aetna does not intend to exercise this right in cases where an Account is reduced to $2,000 or less solely due to investment performance. A Deferred Sales Charge will not be deducted from the Adjusted Account Value.

Appears in 2 contracts

Samples: Variable Annuity 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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Payment of Adjusted Account Value. Upon 90 days written notice to the Certificate Holder, Aetna will terminate any Account if the Account Value becomes less than $2,000 2,500 immediately following any partial withdrawal and provided no Purchase Payments have been made in three yearswithdrawal. Aetna does not intend to exercise this right in cases where an Account is reduced to $2,000 2,500 or less solely due to investment performance. A Deferred Sales Charge will not be deducted from the Adjusted Account Value.

Appears in 2 contracts

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

Payment of Adjusted Account Value. Upon 90 days written notice to the Certificate Holder, Aetna will may terminate any Account if the Account Value becomes less than $2,000 2,500 immediately following any partial withdrawal and provided no Purchase Payments have been made in three yearswithdrawal. Aetna does not intend to exercise this right in cases where an Account is reduced to below $2,000 2,500 or less solely due to investment performance. A Deferred Sales Charge will not be deducted from the Adjusted Account Value.

Appears in 1 contract

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

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Payment of Adjusted Account Value. Upon 90 days written notice to the Certificate Holder, Aetna will terminate any Account if the Account Value becomes less than $2,000 2,500 immediately following any partial withdrawal and provided no Purchase Payments have been made in three yearswithdrawal. Aetna does not intend to exercise this right in cases where an Account is reduced to $2,000 2,500 or less solely due to investment performance. A Deferred Sales Charge will not be deducted from the Adjusted Account Value, however, any Premium Bonus applied within 12 months of the termination will be deducted from the Account Value.

Appears in 1 contract

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

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