Payment of Surrender Value. The Contract Holder may surrender this Contract for its Current Value. At the time of a Contract Holder full or partial surrender request, the Current Value will be adjusted by the following items in the order presented: (a) the GAA MVA, as applicable (see 3.17(b)); (b) the Maintenance Fee, as applicable (see 3.04); and (c) the Surrender Fee, as applicable (see 3.14). Full and partial surrenders are satisfied by withdrawing amounts from each of the Fund(s), the Fixed Account, the GAA Short Term Classification and the GAA Long Term Classification on a pro rata basis. However, the Contract Holder may specify a particular order in which investment options will be liquidated in order to satisfy a partial surrender request.
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Samples: Variable Annuity Contract (Variable Annuity Acct C of Ing Life Insurance & Annuity Co), Variable Annuity Contract (Variable Annuity Acct C of Ing Life Insurance & Annuity Co)
Payment of Surrender Value. The Contract Holder may surrender this Contract for its Current Value. At the time of a Contract Holder full or partial surrender request, the Current Value will be adjusted by the following items in the order presented:
(a) the GAA MVA, as applicable (see 3.17(b3.18(b)); ;
(b) the Maintenance Fee, as applicable (see 3.04); and and
(c) the Surrender Fee, as applicable (see 3.143.15). Full and partial surrenders are satisfied by withdrawing amounts from each of the Fund(s), the Fixed Account, the GAA Short Term Classification and the GAA Long Term Classification on a pro rata basis. However, the Contract Holder may specify a particular order in which investment options will be liquidated in order to satisfy a partial surrender request.. IRA-CDA-03 12
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Payment of Surrender Value. The Contract Holder may surrender this Contract for its Current Value. At the time of a Contract Holder full or partial surrender request, the Current Value will be adjusted by the following items in the order presented:
(a) the GAA MVA, as applicable (see 3.17(b3.18(b)); ;
(b) the Maintenance Fee, as applicable (see 3.04); and and
(c) the Surrender Fee, as applicable (see 3.143.15). Full and partial surrenders are satisfied by withdrawing amounts from each of the Fund(s), the Fixed Account, the GAA Short Term Classification and the GAA Long Term Classification on a pro rata basis. However, the Contract Holder may specify a particular order in which investment options will be liquidated in order to satisfy a partial surrender request.. IRA-CDA-03(NY) 12
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