Payment of Adjusted Account Value. Upon 90 days written notice to the Contract Holder, GALIC will terminate any Account if the Account Value becomes less than $2,500 immediately following any partial withdrawal. GALIC does not intend to exercise this right in cases where an Account is reduced to $2,500 or less solely due to investment performance. A Deferred Sales Charge will not be deducted from the Adjusted Account Value.
Appears in 3 contracts
Samples: Flexible Premium Deferred Combination Variable and Fixed Annuity Contract (VOYA INSURANCE & ANNUITY Co), Variable Annuity Contract (Separate Account B of Golden American Life Insurance Co), Variable Annuity Contract (Separate Account B of Golden American Life Insurance Co)
Payment of Adjusted Account Value. Upon 90 days written notice to the Contract Certificate Holder, GALIC will terminate any Account if the Account Value becomes less than $2,500 immediately following any partial withdrawal. GALIC does not intend to exercise this right in cases where an Account is reduced to $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: 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/)
