Common use of Withdrawal Adjustment Clause in Contracts

Withdrawal Adjustment. A. Prior to the first Contract anniversary following the 85th birthday of either the oldest Owner or the oldest Annuitant, whichever is earlier: o For the portion of withdrawals in a Contract Year that do not cumulatively exceed 5% of the Income Base, calculated as of the Contract anniversary immediately prior to the withdrawal, the withdrawal adjustment for each such withdrawal (or portion thereof) is equal to (i) multiplied by (ii), where

Appears in 4 contracts

Samples: Allstate Life Insurance Co Separate Account A, Allstate Financial Advisors Separate Account I, Allstate Life Insurance Co Separate Account A

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Withdrawal Adjustment. A. Prior to the first Contract anniversary following the 85th birthday of either the oldest Owner or the oldest Annuitant, whichever is earlier: o * For the portion of withdrawals in a Contract Year that do not cumulatively exceed 5% of the Income Base, calculated as of the Contract anniversary immediately prior to the withdrawal, the withdrawal adjustment for each such withdrawal (or portion thereof) is equal to (i) multiplied by (ii), where

Appears in 1 contract

Samples: Allstate Life of New York Separate Account A

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