WAIVER OF CONTINGENT DEFERRED SALES CHARGES Sample Clauses

WAIVER OF CONTINGENT DEFERRED SALES CHARGES. The withdrawal of a portion of the Contract Value or the surrender of this Contract, prior to the Annuity Commencement Date, may be subject to a CDSC as described in Sections 5.02 and 5.03, except that such charges do not apply to the following: a. Each withdrawal of the Free Amount (as defined in Section 5.02). b. The surrender or withdrawal of any Purchase Payment received more than 12 months prior to onset of the "permanent and total disability" of the Owner or Joint Owner as defined in section 22(e)(3) of the Code. Permanent and total disability must occur subsequent to the Contract Date and prior to the 65th birthday of the disabled Owner or Joint Owner. c. The surrender or withdrawal of any Purchase Payment received more than 12 months prior to the diagnosis of a terminal illness of the Owner or Joint Owner. Diagnosis of the terminal illness must be subsequent to the Contract Date and result in a life expectancy of less than one year, as determined by a qualified professional medical practitioner. d. The surrender or withdrawal of any Purchase Payment received more than 12 months prior to the admittance of the Owner or Joint Owner into an accredited nursing home or equivalent health care facility. Admittance in such a facility must be subsequent to the Contract Date and continue for 90 consecutive days prior to the surrender or withdrawal. e. The surrender of this Contract as a result of the death of the Owner or a Joint Owner, or as a result of the death of the Annuitant, provided the Annuitant has not been changed, other than as a result of the death of a prior Annuitant. f. The annuitization of any Purchase Payment received more than 12 months prior to the Annuity Commencement Date. If a non-natural person is the Owner of the Contract, the Annuitant or Joint Annuitant will be considered the Owner or Joint Owner of the Contract for purposes of this Section 5.05.

WAIVER OF CONTINGENT DEFERRED SALES CHARGES a surrender of the Contract as a result of the payment of a Death Benefit on the death of the Owner or a Joint Owner or the Annuitant;

WAIVER OF CONTINGENT DEFERRED SALES CHARGES. If a non-natural person is the Owner of the Contract, the Annuitant will be considered the Owner of the Contract for purposes of this Section 2.13.

WAIVER OF CONTINGENT DEFERRED SALES CHARGES. The following shall be added after the first sentence of the first paragraph of section 3.02 CHOICE OF ANNUITY PAYMENT OPTION - By Owner: In addition, the Owner may select an Annuity Payment Option as a method of paying the Death Benefit to a Beneficiary.

WAIVER OF CONTINGENT DEFERRED SALES CHARGES. A surrender of this Contract or withdrawal of Contract Value prior to the Annuity Commencement Date may be subject to a Contingent Deferred Sales Charge as described in Sections 2.09 and 2.10, except that such charges do not apply to: (1) the first four withdrawals of Contract Value during a Contract Year to the extent that the sum of the percentages of the Contract Value withdrawn by the first four withdrawals, where the percentages are based on the Contract Value at the time of the current withdrawal, does not exceed 10% (this 10% withdrawal exemption from CDSC does not apply to a surrender of a Contract); (2) a surrender of the Contract as a result of "permanent and total disability of the Owner as defined in section 22(e)(3) of the Internal Revenue Code subsequent to the effective date of this Contract and prior to the 65th birthday of the Owner; (3) a surrender of this Contract as a result of 90 days of continuous confinement of the Owner, where the 90 day period begins subsequent to the effective date of this Contract, in an accredited nursing home or equivalent health care facility; (4) a surrender of this Contract as a result of the onset of a terminal illness of the Owner subsequent to the effective date of this Contract that results in a life expectancy of less than one year as determined by a qualified professional medical practitioner; (5) a surrender of the Contract as a result of the death of the Owner or a Joint Owner; (6)

WAIVER OF CONTINGENT DEFERRED SALES CHARGES. A surrender of this Contract or withdrawal of Contract Value prior to the Annuity Commencement Date, may be subject to a Contingent Deferred Sales Charge as described in Sections 2.11 and 2.12, except that such charges do not apply to (1) the first withdrawal of Contract Value during a Contract Year to the extent such withdrawal does not exceed 10% of the Purchase Payments (this 10% withdrawal exception does not apply to a surrender of a Contract); (2) a surrender of a Contract as a result of the "permanent and total disability" of the Annuitant as defined in section 22(e)(3) of the Internal Revenue Code; (3) a surrender of the Contract as a result of the death of the Annuitant; (4)

WAIVER OF CONTINGENT DEFERRED SALES CHARGES shall become Section 2.13

WAIVER OF CONTINGENT DEFERRED SALES CHARGES of this Contract:

WAIVER OF CONTINGENT DEFERRED SALES CHARGES. A surrender of this Contract or withdrawal of Contract Value prior to the Annuity Commencement Date may be subject to a Contingent Deferred Sales Charge as described in Sections 2.09 and 2.10, except that such charges do not apply to: (1) the Free Amount as (defined in Section 2.09); (2) a surrender of the Contract as a result of "permanent and total disability" of the Owner that prevents the Owner from engaging in any occupation for remuneration or profit and which has existed continuously for a period of 12 months and begins prior to the 65th birthday of the Owner provided that written proof of total disability is sent to LL&A at its Servicing Office; (3) a surrender of the Contract as a result of the payment of a Death Benefit on the death of the Owner or a Joint Owner or the Annuitant; (4)

WAIVER OF CONTINGENT DEFERRED SALES CHARGES. The withdrawal of a portion of the Contract Value or the surrender of this Contract, prior to the Annuity Commencement Date, may be subject to a CDSC as described in Sections 5.02 and 5.03, except that such charges do not apply to the following: a. Each withdrawal of the Free Amount (as defined in Section 5.02). b. A surrender or withdrawal as a result of the "permanent and total disability" of the Owner or Joint Owner as defined in section 22(e)(3) of the Code. Permanent and total disability must occur subsequent to the Contract Date and prior to the 65th birthday of the disabled Owner or Joint Owner. c. A surrender or withdrawal as a result of the diagnosis of a terminal illness of the Owner or Joint Owner. Diagnosis of the terminal illness must be subsequent to the Contract Date and result in a life expectancy of less than one year, as determined by a qualified professional medical practitioner. d. A surrender or withdrawal as a result of the admittance of the Owner or Joint Owner into an accredited nursing home or equivalent health care facility. Admittance in such a facility must be subsequent to the Contract Date and continue for 90 consecutive days prior to the surrender or withdrawal. e. A surrender of this Contract as a result of the death of the Owner or a Joint Owner, or as a result of the death of the Annuitant, provided the Annuitant has not been changed, other than as a result of the death of a prior Annuitant.