PERIODIC WITHDRAWAL OPTION. If a periodic withdrawal option is selected, the Owner must Request that all or part of the Investment Strategy Account Value be applied to a periodic withdrawal option. While periodic withdrawals are being received: 1) the Owner may keep the same Sub-Accounts as were in force before periodic withdrawals began; 2) charges and fees under this Contract continue to apply; and 3) the Owner may continue to exercise all contractual rights that are available prior to electing a payout option, except that no Contributions may be made.
Appears in 8 contracts
Samples: Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account)
PERIODIC WITHDRAWAL OPTION. If a periodic withdrawal option is selected, the Owner must Request that all or part of the Investment Strategy Segment Account Value be applied to a periodic withdrawal option. While periodic withdrawals are being received:
1) the Owner may keep the same Sub-Accounts as were in force before periodic withdrawals began;
2) charges and fees under this Contract continue to apply; and
3) the Owner may continue to exercise all contractual rights that are available prior to electing a payout option, except that no Contributions may be made.
Appears in 7 contracts
Samples: Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Annuity Contract (Variable Annuity 1 Series Account)
PERIODIC WITHDRAWAL OPTION. If a periodic withdrawal option is selected, the Owner must Request that all or part of the Investment Strategy Segment Account Value be applied to a periodic withdrawal option. While periodic withdrawals are being received:
1) the Owner may keep the same Sub-Accounts as were in force before periodic withdrawals began;
2) charges and fees under this Contract continue to apply; and
3) the Owner may continue to exercise all contractual rights that are available prior to electing a payout option, except that no Contributions may be made.
Appears in 4 contracts
Samples: Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account)
PERIODIC WITHDRAWAL OPTION. If a periodic withdrawal option is selected, the The Owner must Request that all or part of the Investment Strategy Segment Account Value be applied to a periodic withdrawal optionPeriodic Withdrawal Option. While periodic withdrawals are being received:
1) : • the Owner may keep the same Sub-Accounts as were in force before periodic withdrawals began;
2) ; • charges and fees under this Contract continue to apply; and
3) and • the Owner may continue to exercise all contractual rights that are available prior to electing a payout option, except that no Contributions may be made.
Appears in 3 contracts
Samples: Individual Flexible Premium Variable Annuity (Variable Annuity-2 Series Account), Individual Flexible Premium Variable Annuity (Variable Annuity-2 Series Account), Individual Flexible Premium Variable Annuity (Varifund Variable Annuity Account)
PERIODIC WITHDRAWAL OPTION. If a periodic withdrawal option is selected, the The Owner must Request that all or part of the Investment Strategy Segment Account Value be applied to a periodic withdrawal optionPeriodic Withdrawal Option. While periodic withdrawals are being received:
1) : ¨ the Owner may keep the same Sub-Accounts as were in force before periodic withdrawals began;
2) ; ¨ charges and fees under this Contract continue to apply; and
3) and ¨ the Owner may continue to exercise all contractual rights that are available prior to electing a payout option, except that no Contributions may be made.
Appears in 1 contract
