Common use of PAYMENT OF DEDUCTIONS Clause in Contracts

PAYMENT OF DEDUCTIONS. The asset-based insurance charge will be computed and deducted from each subaccount for each day the Contract is in force. The Transfer Charge described in Section 5.1 will be deducted pro rata from the subaccounts from which Contract Value is being transferred. Other applicable charges will be deducted from each subaccount of the Separate Account in the ratio of your interest in each subaccount to your Contract Value. However, if you request a partial withdrawal from specific subaccounts, any Contingent Deferred Sales Charge attributable to such withdrawal will also be deducted from those subaccounts in the same proportion as the withdrawal.

Appears in 1 contract

Samples: Ira Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account D)

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PAYMENT OF DEDUCTIONS. The asset-based insurance charge will be computed and deducted from each subaccount for each day the Contract is in force. The Transfer Charge transfer charge described in Section 5.1 will be deducted pro rata from the subaccounts from which Contract Value is being transferred. Other applicable charges will be deducted from each subaccount of the Separate Account in the ratio of your interest in each subaccount to your Contract Value. However, if you request a partial withdrawal from specific subaccounts, any Contingent Deferred Sales Charge attributable to such withdrawal will also be deducted from those subaccounts in the same proportion as the withdrawal.

Appears in 1 contract

Samples: Annuity Contract (Ml of New York Variable Annuity Separate Account A)

PAYMENT OF DEDUCTIONS. The asset-based insurance charge will be computed and deducted from each subaccount for each day of the Contract is in force. The Transfer Charge transfer charge described in Section 5.1 will be deducted pro rata from the subaccounts from which Contract Value is being transferred. Other applicable charges will be deducted from each subaccount of the Separate Account in the ratio of your interest in each subaccount to your Contract Value. However, if you request a partial withdrawal from specific subaccounts, any Contingent Deferred Sales Charge attributable to such withdrawal will also be deducted from those subaccounts in the same proportion as the withdrawal.

Appears in 1 contract

Samples: Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account A)

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PAYMENT OF DEDUCTIONS. The asset-based insurance charge and any fund management fee will be computed and deducted from each subaccount for each day the Contract is in force. The Transfer Charge transfer charge described in Section 5.1 will be deducted pro rata from the subaccounts from which Contract Value is being transferred. Other applicable charges will be deducted from each subaccount of the Separate Account in the ratio of your interest in each subaccount to your Contract Value. However, if you request a partial withdrawal from specific subaccounts, any Contingent Deferred Sales Charge attributable to such withdrawal will also be deducted from those subaccounts in the same proportion as the withdrawal.

Appears in 1 contract

Samples: Annuity Contract (Merrill Lynch Life Variable Annuity Separate Account C)

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