Common use of Shortened Life Expectancy Withdrawal Clause in Contracts

Shortened Life Expectancy Withdrawal. The Annuitant may withdraw all or part of the money in the Account and receive a payment or a series of payments upon application by the Annuitant to the Trustee in accordance with section 29(9) of the Regulation, where a physician certifies that his physical or mental disability reduces his life expectancy;

Shortened Life Expectancy Withdrawal. The Annuitant may withdraw all withdraw, in whole or part in part, the balance of the money in the Account and receive a payment or a series of payments Account, upon application by the Annuitant to the Trustee in accordance with section 29(9paragraph 21(2)(d) of the Regulation, where a physician certifies that his physical or mental disability reduces his life expectancy;Regulation and if the following conditions are met: