Common use of Withdrawals During the Accumulation Period Clause in Contracts

Withdrawals During the Accumulation Period. During the Accumulation Period, a Participant may withdraw from any or all Divisions, subject to the restrictions stated in Section 7.4, all or part of the Participant's Account balance in the Division or Sub-Accounts remaining after reductions for any applicable Annual Administration Charge (imposed on Total Withdrawals), Contingent Deferred Sales Charge (CDSC), premium taxes and outstanding loan, including the loan security thereon. Annuity Conversion Amounts are not considered withdrawals. The amount available for withdrawal is subject to all applicable law. Liquidation of the Participant's Account balance to meet the withdrawal amount will be made on a pro-rata basis from the Guaranteed Interest Division and the Sub-Accounts unless the Participant specifies otherwise. Amounts to be liquidated from the Guaranteed Interest Division will be withdrawn on a first-in first-out basis in the event that Contributions from different contribution periods earn different interest rates. The Contributions from the first contribution period will be withdrawn before Contributions from the second contribution period. All withdrawal requests must be submitted in a form acceptable to LL&A and must indicate the amount and the Division(s) from which the withdrawal is to be made. LL&A reserves the right to delay payment of Guaranteed Interest Division withdrawal amounts per Section 12.9.

Withdrawals During the Accumulation Period. During the Accumulation Period, a Participant may withdraw from any or all Divisions, subject to the restrictions stated in Section 7.4, all or part of the Participant's Account balance in the Division or Sub-Sub- Accounts remaining after reductions for any applicable Annual Administration Charge (imposed on Total Withdrawals), [Contingent Deferred Sales Charge (CDSC)], premium taxes and outstanding loan, including the loan security thereon. Annuity Conversion Amounts are not considered withdrawals. The amount available for withdrawal is subject to all applicable law. Liquidation of the Participant's Account balance to meet the withdrawal amount will be made on a pro-rata basis from the Guaranteed Interest Division and the Sub-Accounts unless the Participant specifies otherwise. Amounts to be liquidated from the Guaranteed Interest Division will be withdrawn on a first-in first-out basis in the event that Contributions from different contribution periods earn different interest rates. The Contributions from the first contribution period will be withdrawn before Contributions from the second contribution period. All withdrawal requests must be submitted in a form acceptable to LL&A and must indicate the amount and the Division(s) from which the withdrawal is to be made. LL&A reserves the right to delay payment of Guaranteed Interest Division withdrawal amounts per Section 12.9.

Withdrawals During the Accumulation Period. During the Accumulation Period, a Participant may withdraw from any or all Divisions, subject to the restrictions stated in Section 7.4, all or part of the Participant's Account balance in the Division or Sub-Accounts remaining after reductions for any applicable Annual Administration Charge (imposed on Total Withdrawals), Contingent Deferred Sales Charge (CDSC), premium taxes and outstanding loan, including the loan security thereon. Annuity Conversion Amounts are not considered withdrawals. The amount available for withdrawal is subject to all applicable law. Liquidation of the Participant's Account balance to meet the withdrawal amount will be made on a pro-rata basis from the Guaranteed Interest Division and the Sub-Accounts unless the Participant specifies otherwise. Amounts to be liquidated from the Guaranteed Interest Division will be withdrawn on a first-in first-out basis in the event that Contributions from different contribution periods earn different interest rates. The Contributions from the first contribution period will be withdrawn before Contributions from the second contribution period. All withdrawal requests must be submitted in a form acceptable to LL&A and must indicate the amount and the Division(s) from which the withdrawal is to be made. LL&A reserves the right to delay payment of Guaranteed Interest Division withdrawal amounts per Section 12.9.