Common use of Withdrawal Guarantee During the First Withdrawal Year Clause in Contracts

Withdrawal Guarantee During the First Withdrawal Year. 4.6.1 If, on the Certificate Date the younger of the Participant and any Joint Participant is older than the withdrawal age as shown on the Data Pages, any Withdrawal taken in the first Withdrawal Year will cause the Withdrawal Guarantee to be adjusted prorata for the number of days between the Certificate Date and the next Birthday. In this case, the adjusted prorata Withdrawal Guarantee during the first Withdrawal Year is (a) multiplied by (b) divided by (c), where:

Withdrawal Guarantee During the First Withdrawal Year. 4.6.1 If, on the Certificate Date the Participant or younger of the Participant and any Joint Participant is older than the withdrawal age as shown on the Data Pages, any Withdrawal taken in the first Withdrawal Year will cause the Withdrawal Guarantee to be adjusted prorata for the number of days between the Certificate Date and the next Birthday. In this case, the adjusted prorata Withdrawal Guarantee during the first Withdrawal Year is (a) multiplied by (b) divided by (c), where: