Common use of Payment of Adjusted Certificate Holder Account Value Clause in Contracts

Payment of Adjusted Certificate Holder Account Value. Upon 90 day's written notice to the Certificate Holder, We will terminate any Certificate Holder's Account if the Certificate Holder's Account Value becomes less than $1,500 immediately following any partial withdrawal. We do not intend to exercise this right in cases where the Certificate Holder's Account Value is reduced to $1,500 or less solely due to investment performance. When We make a distribution pursuant to this provision, the deferred sales charge will not be deducted.

Appears in 6 contracts

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

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