Common use of Surrender Fee Clause in Contracts

Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment(s) portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I). Net Purchase Payment amounts are withdrawn in the same order they were applied.

Appears in 1 contract

Samples: Insurance Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

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Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment(s) Payment portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I). Net Purchase Payment amounts are withdrawn in No Surrender Fee is deducted from any portion of the same order they were applied.Current Value which is paid: (a) To a Beneficiary due to the Certificate Holder's death before Annuity payments start; (b) As a premium for an Annuity option 2, 3 or 4 under this Contract (see 4.09); (c) As a distribution under the ECO or SWO provision (see 3.11);

Appears in 1 contract

Samples: Individual Retirement Annuity Rollover Account Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment(s) Payment portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I). Net Purchase Payment amounts are withdrawn in No Surrender Fee is deducted from any portion of the same order they were applied.Current Value which is paid: (a) To a Beneficiary due to the Certificate Xxxxxx's death before Annuity payments start;

Appears in 1 contract

Samples: Group Annuity Certificate (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment(s) portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I). Net Purchase Payment amounts are withdrawn in the same order they were applied.. No Surrender Fee is deducted from any portion of the Net Purchase Payment which is paid:

Appears in 1 contract

Samples: Insurance Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

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Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment(s) Payment portion surrendered and varies according to the elapsed time since deposit from the certificate effective date (see Contract Schedule I). Net Purchase Payment amounts are withdrawn in No Surrender Fee is deducted from any portion of the same order they were applied.Current Value which is paid: (a) To a Beneficiary due to the Annuitant's death before Annuity payments start (see 3.06); (b) As a premium for an Annuity option 1, 2 or 3 under this Contract (see xxxxx://xxx.xxx.xxx/Archives/xxxxx/data/925988/0000908634-95-000104.txt 02/12/2018

Appears in 1 contract

Samples: Group Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co)

Surrender Fee. The Surrender Fee only applies to the Net Purchase Payment(s) Payment portion surrendered and varies according to the elapsed time since deposit (see Contract Schedule I). Net Purchase Payment amounts are withdrawn in No Surrender Fee is deducted from any portion of the same order they were applied.Current Value which is paid: (a) To a Beneficiary due to the Contract Holder's death before Annuity payments start; (b) As a premium for an Annuity option 2, 3 or 4 under this Contract (see 4.09); (c) As a distribution under the ECO or SWO provision (see 3.10);

Appears in 1 contract

Samples: Individual Retirement Annuity Rollover Account (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

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