Common use of Surrender Fee Clause in Contracts

Surrender Fee. For each surrender, the Surrender Fee will vary according to the period of time between the effective date of the Contract and the date of surrender. The Surrender Fee will be determined as follows: If Period of Time is Surrender Fee Less than 5 years 5% From 5 to 6 years 4% From 6 to 7 years 3% From 7 to 8 years 2% From 8 to 9 years 1% 9 or more years 0% No Surrender Fee is deducted from any portion of the Current Value which is paid:

Surrender Fee. For each surrender, the Surrender Fee will vary according to the period of time between the effective date of the Contract and the date of surrender. The Surrender Fee will be determined as follows: If Period of Time is Surrender Fee Less than 5 years 5% From 5 to 6 years 4% From 6 to 7 years 3% From 7 to 8 years 2% From 8 to 9 years 1% 9 or more years 0% No Surrender Fee is deducted from any portion of the Current Value which is paid: (a) At the death of the Annuitant before Annuity payments start; or (b) As a premium for an Annuity under this Contract.

Surrender Fee. For each surrender, the Surrender Fee will vary according to the period of time between the effective date of the Contract and the date of surrender. The Surrender Fee will be determined as follows: If Period of Time is Surrender Fee Less 5 years or less 5% More than 5 years 5% From 5 to but not more than 6 years 4% From More than 6 to years but not more than 7 years 3% From More than 7 to years but not more than 8 years 2% From More than 8 to years but not more than 9 years 1% More than 9 or more years 0% No Surrender Fee is deducted from any portion of the Current Value which is paid: (a) At the death of the Annuitant before Annuity payments start; or (b) As a premium for an Annuity under this Contract.

Surrender Fee. For each surrender, the Surrender Fee will vary according to the period of time between the effective date of the Contract and the date of surrender. The Surrender Fee will be determined as follows: If Period of Time is Surrender Fee Less than 5 years 5% From 5 to 6 years 4% From 6 to 7 years 3% From 7 to 8 years 2% From 8 to 9 years 1% 9 or more years 0% No Surrender Fee is deducted from any portion of the Current Value which is paid: (a) At the death of the Contract Holder before Annuity payments start; or (b) As a premium for an Annuity under this Contract.