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 Net Purchase Payment amounts are withdrawn in the same order they were applied. No Surrender Fee is deducted from any portion of the Net Purchase Payment which is paid:

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 Net Purchase Payment amounts are withdrawn in the same order they were applied. No Surrender Fee is deducted from any portion of the Net Purchase Payment Current Value which is paid: (a) To a Beneficiary due to the Certificate ▇▇▇▇▇▇'s death before Annuity payments start;

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 Net Purchase Payment amounts are withdrawn in the same order they were applied.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:.

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 Net Purchase Payment amounts are withdrawn in the same order they were applied. No Surrender Fee is deducted from any portion of the Net Purchase Payment 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);