Withdrawals and Loans. While participating in the ESP Program, partial withdrawals, loans and surrenders are permitted. A partial withdrawal will reduce the penalty-free allowance provision which might otherwise be available for Customized Payments made later in that year. We may terminate Interest Income Payments if you take a withdrawal and your contract is a non-qualified annuity that is aggregated with another contract for tax purposes under the serial contract rule.
Appears in 6 contracts
Samples: Easy Systematic Payment Program Election Agreement, Esp Program Election Agreement, Esp Program Election Agreement
Withdrawals and Loans. While participating in the ESP Program, partial withdrawals, loans and surrenders are permitted. A partial withdrawal will reduce the 10% penalty-free allowance provision which might otherwise be available for Customized Payments made later in that year. We may terminate Interest Income Payments if you take a withdrawal and your contract is a non-qualified annuity that is aggregated with another contract for tax purposes under the serial contract rule.
Appears in 1 contract
Samples: Easy Systematic Payment (Esp) Program Election Agreement
Withdrawals and Loans. While participating in the ESP Program, partial withdrawals, loans loans, and surrenders are permitted. A partial withdrawal will reduce the penalty-free allowance provision which might otherwise be available for Customized Payments made later in that year. We may terminate Interest Income Payments if you take a withdrawal and your contract is a non-qualified annuity that is aggregated with another contract for tax purposes under the serial contract rule.
Appears in 1 contract
Samples: Easy Systematic Payment (Esp) Program Election Agreement
