Common use of SYSTEMATIC WITHDRAWAL PROGRAM Clause in Contracts

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 Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge and/or a Market Value Adjustment as discussed in the WITHDRAWAL CHARGE,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

Appears in 2 contracts

Samples: Annuity Contract (Fs Variable Separate Account), 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 the a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is [$100]subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge and/or [and a Market Value Adjustment Adjustment] as discussed in the WITHDRAWAL CHARGE, CHARGE and PENALTY-FREE WITHDRAWALS [and MARKET VALUE ADJUSTMENT ADJUSTMENT] 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 from the Penalty-Free Withdrawal amount available each Contract Year.

Appears in 2 contracts

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

SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in the a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account Contract monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is [$100]subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge and/or a Market Value Adjustment as discussed in the WITHDRAWAL CHARGE, CHARGE and PENALTY-FREE WITHDRAWALS and MARKET VALUE ADJUSTMENT 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 from the Penalty-Free Withdrawal amount available each Contract Year.

Appears in 2 contracts

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

SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in the a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is [$100]subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge and/or [and a Market Value Adjustment Adjustment,] as discussed in the WITHDRAWAL CHARGE, CHARGE and PENALTY-FREE WITHDRAWALS [and MARKET VALUE ADJUSTMENT ADJUSTMENT] 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 from the Penalty-Free Withdrawal amount available each Contract Year.

Appears in 1 contract

Samples: Annuity Contract (Variable Annuity Account Five)

SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in the Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is [$100]subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge and/or a Market Value Adjustment as discussed in the WITHDRAWAL 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 a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time. Systematic withdrawals will be deducted from the Penalty-Free Withdrawal amount available each Contract Certificate Year.

Appears in 1 contract

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

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SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in the Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account monthly, quarterly, semiannually semiannually, or annually. The minimum systematic withdrawal amount is [$100]subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge and/or a Market Value Adjustment as discussed in the WITHDRAWAL 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 a written request. We reserve the right to modify, suspend or terminate the Systematic Withdrawal Program at any time. Systematic withdrawals will be deducted from the Penalty-Free Withdrawal amount available each Contract Year.

Appears in 1 contract

Samples: Annuity Contract (Variable Annuity Account Five)

SYSTEMATIC WITHDRAWAL PROGRAM. Prior to the Annuity Date, You may elect to participate in the a Systematic Withdrawal Program by informing Us at Our Annuity Service Center. The Systematic Withdrawal Program allows You to make automatic withdrawals from Your account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is [$100]subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge and/or [and a Market Value Adjustment Adjustment] as discussed in the WITHDRAWAL CHARGE, CHARGE and PENALTY-FREE WITHDRAWALS WITHDRAWAL [and MARKET VALUE ADJUSTMENT ADJUSTMENT] 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 from the Penalty-Free Withdrawal amount available each Contract Certificate Year.

Appears in 1 contract

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

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