PERIODIC WITHDRAWAL OPTION. The Owner must Request that all or part of the Investment Segment Account Value be applied to a Periodic Withdrawal Option. While periodic withdrawals are being received: • the Owner may keep the same Sub-Accounts as were in force before periodic withdrawals began; • charges and fees under this Contract continue to apply; 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: Variable Annuity-2 Series Account, Variable Annuity-2 Series Account, Varifund Variable Annuity Account
PERIODIC WITHDRAWAL OPTION. The Owner must Request that all or part of the Investment Segment Account Value be applied to a Periodic Withdrawal Option. While periodic withdrawals are being received: • ¨ the Owner may keep the same Sub-Accounts as were in force before periodic withdrawals began; • ¨ charges and fees under this Contract continue to apply; 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
Samples: Variable Annuity-2 Series Account of Great-West Life & Annuity Ins. Co.
