Common use of SYSTEMATIC WITHDRAWAL PROGRAM Clause in Contracts

SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your Contract monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is $100, provided that the amount remaining after withdrawal is $500. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge as discussed in the WITHDRAWAL CHARGE and PENALTY-FREE WITHDRAWALS provisions. You may terminate Your participation in the Systematic Withdrawal Program at any time by sending Us a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time. Systematic withdrawals will be deducted first from the Penalty-Free Withdrawal amount available each Contract Year.

Appears in 4 contracts

Samples: Annuity Contract (Fs Variable Separate Account), Annuity Contract (Fs Variable Annuity Account Five), Annuity Contract (Fs Variable Annuity Account Five)

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SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your Contract account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is $100, provided that the amount remaining after withdrawal is $500. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge as discussed in the WITHDRAWAL CHARGE and PENALTY-FREE WITHDRAWALS provisions. You may terminate Your participation in the Systematic Withdrawal Program at any time by sending Us a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time. Systematic withdrawals will be deducted first from the Penalty-Free Withdrawal amount available each Contract Year.

Appears in 4 contracts

Samples: Annuity Contract (Fs Variable Separate Account), Annuity Contract (Fs Variable Separate Account), Annuity Contract (Fs Variable Separate Account)

SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in a the Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your Contract your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is $100, provided that the amount remaining after withdrawal is $500250 per withdrawal. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge and a Market Value Adjustment as discussed in the WITHDRAWAL CHARGE and CHARGE, PENALTY-FREE WITHDRAWALS and MARKET VALUE ADJUSTMENT provisions. You may terminate Your participation in the Systematic Withdrawal Program at any time by sending Us us a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time. Systematic withdrawals will be deducted first from the Penalty-Free Withdrawal amount available each Contract Certificate Year.

Appears in 3 contracts

Samples: Certificate of Insurance (Variable Separate Account of Anchor National Life Insur Co), Certificate of Insurance (Variable Separate Account of Anchor National Life Insur Co), Certificate of Insurance (Anchor National Life Insurance Co)

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SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in a the Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your Contract your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is $100, provided that the amount remaining after withdrawal is $500250 per withdrawal. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge and a Market Value Adjustment as discussed in the WITHDRAWAL CHARGE and CHARGE, PENALTY-FREE WITHDRAWALS and MARKET VALUE ADJUSTMENT provisions. You may terminate Your participation in the Systematic Withdrawal Program at any time by sending Us us a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time. Systematic withdrawals will be deducted first from the Penalty-Free Withdrawal amount available each Contract Year.

Appears in 3 contracts

Samples: Annuity Contract (Variable Separate Account of Anchor National Life Insur Co), Annuity Contract (Anchor National Life Insurance Co), Annuity Contract (Variable Separate Account of Anchor National Life Insur Co)

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