Examples of Option Adjustment Amount in a sentence
If the Option Adjustment Amount becomes zero, any remaining and/or additional withdrawal amounts will result in a reduction in the Face Amount.
If the Death Benefit Option in effect at the time of the withdrawal is Option D (Decreasing Option), the withdrawal will result in a reduction in the Option Adjustment Amount, but the Option Adjustment Amount will not be allowed to become negative.
Thereafter, the Option Adjustment Amount will be reduced by any Withdrawals.
On the date the death benefit option is changed to Option D, the Option Adjustment Amount is the Account Value on the date of the change.
On the date You change Your Death Benefit from Option B (Return of Account Value) to Option D (Decreasing Option), the Option Adjustment Amount is the Account Value on the date of the change.