Common use of Required Minimum Distribution Clause in Contracts

Required Minimum Distribution. If your Contract is a Qualified Contract, we will waive the Withdrawal Charge for withdrawal of the amount required to be withdrawn under the Tax Code for this Contract only to the extent that amount is greater than the Free Withdrawal Amount. This waiver only applies to the Required Minimum Distribution for one of the two calendar years that occur during each Contract Year. This waiver does not apply to withdrawals made to satisfy any required minimum distribution from any other tax qualified investments you may own.

Appears in 4 contracts

Samples: Flexible Premium Deferred Fixed and Variable Annuity Contract (Separate Account I of Integrity Life Insurance Co), Flexible Premium Deferred Fixed and Variable Annuity Contract (Separate Account I of National Integrity Life Ins Co), Flexible Premium Deferred Fixed and Variable Annuity Contract (Separate Account I of National Integrity Life Ins Co)

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