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 account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge [and a Market Value Adjustment] as discussed in the WITHDRAWAL CHARGE and 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: Variable Separate Account of Anchor National Life Insur Co, 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 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 account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is subject to Company limits[$100]. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge [and and/or a Market Value Adjustment] Adjustment as discussed in the WITHDRAWAL CHARGE and CHARGE, 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: Fs Variable Separate Account, Fs Variable Annuity Account Five

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 account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is subject to Company limits. 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 PENALTY-FREE WITHDRAWALS WITHDRAWAL [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: Variable Separate Account of Anchor National Life Insur Co

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 account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge [and and/or a Market Value Adjustment] Adjustment as discussed in the WITHDRAWAL CHARGE and CHARGE, 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 Certificate Year.

Appears in 1 contract

Samples: 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 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 account monthly, quarterly, semiannually semiannually, or annually. The minimum systematic withdrawal amount is subject to Company limits. Any amount withdrawn through the Systematic Withdrawal Program may be subject to a Withdrawal Charge [and and/or a Market Value Adjustment] Adjustment as discussed in the WITHDRAWAL CHARGE and CHARGE, 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: Variable Annuity Account Five

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 account monthly, quarterly, semiannually or annually. The minimum systematic withdrawal amount is subject to Company limits. 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 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: Variable Annuity Account Five

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