ANNUAL CONTRACT MAINTENANCE definition

ANNUAL CONTRACT MAINTENANCE. FEE: SEPARATE ACCOUNT: $35.00 [Variable Separate Account] BENEFICIARY: As named by You. DEATH BENEFIT OPTION: Option I: Purchase Payment Accumulation PAYMENT ENHANCEMENT SCHEDULE FOR INITIAL PURCHASE PAYMENT PAYMENT ENHANCEMENT DATE PAYMENT ENHANCEMENT ------------------------------------- ------------------- INITIAL PAYMENT ENHANCEMENT: March 1, 2004 $200.00 DEFERRED PAYMENT ENHANCEMENT(S): [March 1, 2013] [$200.00*] *May be reduced by certain withdrawals of Contract Value. Please see Payment Enhancement Provisions. FOR INQUIRIES CALL 1-800-445-SUN2

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ANNUAL CONTRACT MAINTENANCE. FEE: Current: [$35.00]. Maximum: $50.00. TRANSFER FEE: Current: [$25.00]. Maximum: $25.00. Waived for systematic transfers (i.e. DCA) and for the first 15 transfers in any Contract Year. [ OPTIONAL ELECTIONS: OPTIONAL ELECTION DETAILS: Maximum Anniversary Value See attached Endorsement FSE-6191-2] WITHDRAWAL CHARGE SCHEDULE: Number of Full Years Elapsed From the Date Any Purchase Withdrawal Charge as a Payment is Allocated to the Percentage of Withdrawn Contract to the Date of Withdrawal Purchase Payment ---------------------------------- ----------------------- 0 7% 1 6% 2 6% 3 5% 4+ 0% FOR INQUIRIES CALL ▇-▇▇▇-▇▇▇-▇▇▇▇ FS-973-1 (6/07) 3

ANNUAL CONTRACT MAINTENANCE. CHARGE: $30.00 each Contract Year. After the Annuity Date, the Annual Contract Maintenance Charge will be collected on a monthly basis. MORTALITY AND EXPENSE RISK CHARGE: Equal on an annual basis to 1.25% of the average daily net asset value of the Separate Account.

Examples of ANNUAL CONTRACT MAINTENANCE in a sentence

ANNUAL CONTRACT MAINTENANCE FEE: $0 IF THE CONTRACT VALUE IS $50,000 OR MORE ON THE CONTRACT ANNIVERSARY.
ANNUAL CONTRACT MAINTENANCE CHARGE The Company deducts an Annual Contract Maintenance Charge to reimburse it for its administrative expenses from the Contract Value for the amount, and during the period, shown on the Contract Data Page.
ANNUAL MAINTENANCE FEE THE ANNUAL CONTRACT MAINTENANCE FEE IS $0 Form HL-12142 Printed in U.S.A.
DEDUCTION FOR ANNUAL CONTRACT MAINTENANCE CHARGE: The Company deducts an Annual Contract Maintenance Charge from the Contract Value by canceling Accumulation Units from each applicable Subaccount to reimburse it for expenses relating to maintenance of this Contract.
Waived for systematic transfers ANNUAL CONTRACT MAINTENANCE (i.e. DCA) and for the first 15 FEE: Current: [$35.00].
ANNUAL CONTRACT MAINTENANCE FEE - An amount which is deducted from the Account Value at the end of the Contract Year or on the date of full surrender, if earlier.
DEDUCTION FOR ANNUAL CONTRACT MAINTENANCE CHARGE - This charge is deducted from the General Account Value and the Separate Account Value by subtracting values from the General Account Value and/or canceling Accumulation Units from each applicable Subaccount in the ratio that the value of each account bears to the total Contract Value.
Maximum: $25.00 Waived for systematic transfers ANNUAL CONTRACT MAINTENANCE FEE: (i.e. DCA)and for the first 15 transfers in Current: [$35.00] Maximum: $50.00 any Contract Year.

More Definitions of ANNUAL CONTRACT MAINTENANCE

ANNUAL CONTRACT MAINTENANCE. CHARGE: $30.00 each Contract Year before the Annuity Date, if the Contract Value is less than $50,000.00. After the Annuity Date, the Annual Contract Maintenance Charge will be collected on a monthly basis.

ANNUAL CONTRACT MAINTENANCE. FEE: EXPENSE RISK CHARGE: $35.00 [0.90%]

ANNUAL CONTRACT MAINTENANCE. CHARGE: Currently $35.00 each Contract Year is deducted on the last day of the Contract Year and may be increased but it will not exceed $60 per Contract year. In the event of an increase, the Company will give the Contract Owner 90 days prior notice of the increase. The Annual Contract Maintenance Charge will be deducted from the Sub-Accounts in the same proportion that the amount of the Contract Value in each Sub-Account bears to the total Contract Value. If a total withdrawal is made on other than the last day of the Contract Year, the full Annual Contract Maintenance Charge will be deducted at the time of total withdrawal. If the Annuity Date is not the last day of the Contract Year, then a pro-rata portion of the Annual Contract Maintenance Charge will be deducted on the Annuity Date. During the Annuity Period, the Annual Contract Maintenance Charge will be deducted pro-rata from Annuity Payments and will result in a reduction of each Annuity Payment.