WAIVER OF SURRENDER CHARGE. We will waive the Surrender Charge if the surrender is made: During or within 90 days after the end of the confinement of an Annuitant or an Annuitant's spouse in a licensed hospital, nursing home or hospice provided that confinement: Begins while this contract is in force; and Continues for at least 30 consecutive days. We will require proof of confinement satisfactory to us. During Total Disability of an Annuitant or within 90 days after that Total Disability ends. Total Disability is a disability: Which begins while this contract is in force and before the Annuitant attains age 65; Xxxxx has continued for six consecutive months. A new six-month disability requirement will apply to each separate period of disability. Periods of disability are separate if (i) the disability in a later period neither results from nor is contributed to by the same cause or causes as the disability in a prior period, or (ii) the later period of disability begins after a continuous period of six months during which the Annuitant was gainfully employed; Which results from bodily injury sustained or disease which first appears while this contract is in force; and Which completely prevents the Annuitant from engaging in an Occupation for gain or profit. During the first 24 months of disability, Occupation is the Annuitant's regular occupation when the disability begins. After this, it is any occupation for which the Annuitant is or becomes qualified by reason of education, training or experience. However, if the Annuitant is primarily a homemaker when Total Disability begins, Occupation for gain or profit means performing household duties. When an Annuitant or an Annuitant's spouse has a life expectancy of twelve months or less. We will require proof satisfactory to us, including certification by a physician having the designation M.D. or a doctor of osteopathy having the designation D.O. acting within the legal scope of his or her license. The certifying physician or doctor may not be you or an Annuitant or a member of your family or an Annuitant's family. We may, at our expense, require independent medical verification. While an Annuitant is unemployed and receiving state unemployment benefits or within 90 days after unemployment benefits cease provided that: a) Unemployment begins while this contract is in force; and b) Unemployment continues for at least 90 consecutive days. We will require proof of unemployment satisfactory to us.
7. DEATH PROCEEDS
7.1 DEATH PROCEEDS. Death...
WAIVER OF SURRENDER CHARGE. Upon your request (as specified below) and subject to our approval, we will waive the Surrender Charge if the surrender is made:
1) During or within 90 days after the end of the confinement of an Annuitant or an Annuitant’s spouse in a licensed hospital, nursing home or hospice provided that confinement:
a) Begins while this contract is in force; and
b) Continues for at least 30 consecutive days. A new 30-day confinement requirement will apply to each separate period of confinement. Periods of confinement are separate if:
a) The confinement in a later period neither results from nor is contributed to by the same cause or causes as the confinement in a prior period; or
b) The later period of confinement begins after a continuous period of six months during which the Annuitant or the Annuitant’s spouse was not confined in a hospital, nursing home or hospice. We will require proof of confinement satisfactory to us.
2) When an Annuitant or an Annuitant’s spouse has a life expectancy of twelve months or less. We will require proof satisfactory to us, including certification by a physician having the designation M.D. or a doctor of osteopathy having the designation D.O. acting within the legal scope of his or her license. The certifying physician or doctor may not be you or an Annuitant or a member of your family or an Annuitant’s family. We may, at our expense, obtain a second medical opinion. If the two opinions are in conflict, we will obtain a third opinion from a physician or doctor agreed upon by you and us. You request waiver of the Surrender Charge by giving Notice either with or before your Notice to surrender. When we receive your Notice requesting waiver, we will inform you of our requirements for proof and send you any forms that we require to be completed. If we do not send the forms or requirements within 10 business days, you meet the requirement for proof by giving us written proof as described above. We will not process the surrender until your request for waiver is approved or denied. If we deny your waiver request, we will notify you of the denial. Your surrender request will then be cancelled unless you accept the surrender with the Surrender Charge. ICC16 W-WR-FPVA page 14 WR1400IC Contract Number: XX0000000
WAIVER OF SURRENDER CHARGE. [Each Contract Year a partial surrender of 10% of the Contract Value may be made free from any Surrender Charge on a non-cumulative basis. It is our current practice to waive Surrender Charges for an owner of one of our annuity contracts who wishes to transfer Contract Values to another of our Annuity Contracts. The following will apply to such internal transfers:
WAIVER OF SURRENDER CHARGE. 6 Incontestability...................... 2 THRIVENT FINANCIAL FOR LUTHERANS Service Center: 0000 Xxxxx Xxxxxxx Xxxx Thrivent Financial for Lutherans Appleton, Wisconsin 54919 0000 Xxxxx Xxxxxxx Xxxx Appleton, WI 54919-0001 ---------------------------------------------------------------------------------------------------------- Contract Schedule Telephone (000) 000-0000 BASIC BENEFIT FLEXIBLE PREMIUM DEFERRED VARIABLE ANNUITY ANNUITY DATE: OCTOBER 1, 2032 GUARANTEED PERIOD: 10 YEARS INITIAL PREMIUM: $1,000.00 DEATH BENEFIT OPTIONS (SEE SECTION 7) MAXIMUM ANNIVERSARY DEATH BENEFIT - [INCLUDED/NOT INCLUDED] PREMIUM ACCUMULATION DEATH BENEFIT - [INCLUDED/NOT INCLUDED] EARNINGS ADDITION DEATH BENEFIT - [INCLUDED/NOT INCLUDED] ACCUMULATED VALUES IN THE VARIABLE ACCOUNT DEPEND ON THE INVESTMENT EXPERIENCE OF THE VARIABLE ACCOUNT. ---------------------------------------------------------------------------------------------------------- ANNUITANT: XXXX XXX AGE: 35 SEX: MALE ANNUITANT: XXXX XXX AGE: 35 SEX: FEMALE CONTRACT NUMBER: XX0000000 DATE OF ISSUE: OCTOBER 1, 2002 W-BB-FPVA (02) page 3 Date of Issue: OCTOBER 1, 2002 Contract Number: XX0000000 ANNUITANT: XXXX XXX ANNUITANT: XXXX XXX Flexible Premium Deferred Variable Annuity ---------------------------------------------------------------------------------------------------------- CONTRACT CHARGES ANNUAL CHARGES AS A PERCENTAGE OF AVERAGE DAILY ASSETS OF EACH SUBACCOUNT: MAXIMUM ANNUAL RISK CHARGE FOR ACCUMULATION UNIT VALUES: 1.70% FOR ANNUITY VALUES: 1.25% TRANSFER CHARGE: $25 FOR EACH TRANSFER IN EXCESS OF TWELVE IN ANY CONTRACT YEAR (SEE SECTION 5.2) SURRENDER CHARGES# PERCENT BEGINNING APPLIED 10/01/02 6% 10/01/03 5% 10/01/04 4% 10/01/05 3% 10/01/06 2% 10/01/07 1% 10/01/08 0% # SEE SECTION 6.4 FOR A FULL DESCRIPTION OF THE SURRENDER CHARGE.
WAIVER OF SURRENDER CHARGE. After the first policy year, You may make a partial withdrawal or a full surrender without incurring a Surrender Charge or Market Value Adjustment if You become eligible for waiver of the Surrender Charge. You become eligible for waiver of surrender charge when You are confined in a Hospital or Nursing Care Center for at least 90 consecutive days. You remain eligible for waiver for the period you remain confined. The waiver of the Surrender Charge is subject to the following rules:
a. We must receive a written request on a form acceptable to us signed by You;
b. the policy must be in force;
c. proof must be provided of Your eligibility for waiver of Surrender Charge, including an attending physician's statement and any other proof We may require. We reserve the right to seek a second medical opinion or have a medical examination performed at our expense by a physician We choose;
d. this benefit is not available during the first year following any change in ownership of the policy.
WAIVER OF SURRENDER CHARGE. After the Benefit Eligibility Date shown in the Specifications section of this Rider, you may take a partial withdrawal or a full surrender without incurring a Surrender Charge or Market Value Adjustment if you become eligible for waiver of the Surrender Charge. You become eligible for waiver of Surrender Charge when you are confined in a Hospital or Nursing Care Center for at least 90 consecutive days. You remain eligible for waiver for the period you remain confined. The waiver of the Surrender Charge is subject to the following rules: • We must receive a written request on a form acceptable to us and signed by you; • The Contract must be in force; • Proof must be provided of your eligibility for waiver of Surrender Charge, including an attending physician’s statement and any other proof we may require. We reserve the right to seek a second medical opinion or have a medical examination performed at our expense by a physician we choose and the second Physician’s statement will be deemed conclusive; and • This benefit is not available during the first year following any change in ownership of the Contract.
WAIVER OF SURRENDER CHARGE. Income Plan Factors........................................... 3D Dollar Cost Averaging (DCA) Important Terms................................................................ 4 Proceeds Payable to the Beneficiary Benefit Option Packages............................................. 19
WAIVER OF SURRENDER CHARGE. We will waive any Surrender Charge incurred due to a surrender or Excess Partial Withdrawal in the event you are subject to Qualified Extended Medical Care or suffer from a Qualifying Terminal Illness subject to the provisions described below. Extended Medical Care To qualify for this waiver, you must first begin receiving Qualified Extended Medical Care on or after the first Contract Anniversary and receive such care for at least 45 days during any continuous sixty-day period. Your request for the surrender or withdrawal, together with written proof of such Qualified Extended Medical Care, must be received at our Customer Service Center during the term of such care or within ninety days after the last day upon which you received such care. "
WAIVER OF SURRENDER CHARGE. The owner may make a surrender of this policy without incurring a surrender charge if the annuitant becomes eligible for waiver of the surrender charge. The waiver of the surrender charge is subject to the following rules: a) we must receive a written request signed by the owner or, if the owner is more than one person, the written request must be signed by all persons named as owner; b) the policy must be in force or not providing benefits under any payment option; c) proof must be provided that the conditions of eligibility requirements for waiver of the surrender charge have been met, including an attending physician's statement and any other proof we may require; we reserve the right to seek a second medical opinion or have an examination performed at our expense by a physician we choose; d) if there are joint annuitants, you may exercise this waiver privilege once, for either the first or second annuitant, but not both; e) the annuitant must become eligible for waiver of surrender charge after the first contract year ends.
WAIVER OF SURRENDER CHARGE. After the first contract year for Contracts issued to Contract Owners prior to their 75th birthday and prior to the Annuity Date, the Contract Owner may request to withdraw all or any part of the Contract Value free of Surrender Charge if either of the following events occur:
