Common use of SURRENDERS Clause in Contracts

SURRENDERS. A full surrender of the Contract may be made any time prior to the Annuity Commencement Date. Partial surrenders may be made prior to the Annuity Commencement Date provided the Contract Value remaining after the surrender is at least $2,000. The amount we pay upon a full or partial surrender is equal to the Contract Value surrendered minus any applicable surrender charge, premium tax and contract maintenance fee. We will withdraw amounts pro-rata from the Allocation Options.

Appears in 2 contracts

Samples: Protective Variable Annuity Separate Account, Protective Variable Annuity Separate Account

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SURRENDERS. A full surrender of the Contract Full or partial surrenders may be made any time prior to the Annuity Commencement Date. Partial surrenders may be made prior to the Annuity Commencement Date taken provided the Contract Value remaining after the surrender is at least $2,0005,000. The amount we will pay upon a full or partial surrender is equal to the Contract Value surrendered minus any applicable surrender charge, premium tax and contract maintenance fee. We will withdraw amounts pro-rata SUSPENSION OR DELAY IN PAYMENT OF SURRENDER - The Company may suspend or delay the date of payment of a partial or full surrender from the Allocation Options.Variable Account value for any period:

Appears in 2 contracts

Samples: Protective Variable Annuity Separate Account, Protective Variable Annuity Separate Account

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SURRENDERS. A full surrender of the Contract Full or partial surrenders may be made any time prior to the Annuity Commencement Date. Partial surrenders may be made prior to the Annuity Commencement Date taken provided the Contract Value remaining after the surrender is at least $2,00025,000. The amount we will pay upon a full or partial surrender is equal to the Contract Value surrendered minus any applicable surrender charge, premium tax and contract maintenance fee. We will withdraw amounts pro-rata Suspension or Delay in Payment of Surrender - The Company may suspend or delay the date of payment of a partial or full surrender from the Allocation Options.Variable Account value for any period:

Appears in 1 contract

Samples: Protective Variable Annuity Separate Account

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