Common use of SPECIAL AND PRORATA PARTIAL WITHDRAWAL ADJUSTMENTS Clause in Contracts

SPECIAL AND PRORATA PARTIAL WITHDRAWAL ADJUSTMENTS. For any partial withdrawal, the Death Benefit components will be reduced by Prorata Partial Withdrawal Adjustments. The Prorata Partial Withdrawal Adjustment to a Death Benefit component for a partial withdrawal is equal to (1) divided by (2) multiplied by (3), where: (1) is the Accumulation Value withdrawn; (2) is the Accumulation Value immediately prior to withdrawal; and (3) is the amount of the applicable Death Benefit component immediately prior to the withdrawal. Separate adjustments will apply to amounts in the Special and non-Special Funds.

Appears in 4 contracts

Samples: Your Contract (VOYA INSURANCE & ANNUITY Co), Your Contract (Separate Account B of Golden American Life Insurance Co), Separate Account B of Golden American Life Insurance Co

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SPECIAL AND PRORATA PARTIAL WITHDRAWAL ADJUSTMENTS. For any partial withdrawal, the Death Benefit components will be reduced by Prorata Partial Withdrawal Adjustments. The Prorata Partial Withdrawal Adjustment to a Death Benefit component for a partial withdrawal is equal to (1) divided by (2) multiplied by (3), where: (1) is the Accumulation Value withdrawn; (2) is the Accumulation Value immediately prior to withdrawal; and (3) is the amount of the applicable Death Benefit component immediately prior to the withdrawal. Separate adjustments will apply to the amounts in the Special and non-Special Funds.

Appears in 1 contract

Samples: Separate Account B of Golden American Life Insurance Co

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