Certificate Fee Adjustment for Subsequent Contributions and Excess Withdrawals. A Certificate Fee Adjustment will be calculated for subsequent Contributions and Excess Withdrawals because this event will change the Coverage Base. The amount of this Certificate Fee Adjustment is calculated by multiplying A by B by C where: A = the amount of the subsequent Contribution or Excess Withdrawal; B = the applicable Certificate Fee Percentage; and C = the number of days remaining in the Certificate quarter divided by the number of days in the Certificate Year.
Appears in 2 contracts
Sources: Group Fixed Contingent Annuity Contract (TRANSAMERICA ADVISORS LIFE INSURANCE Co), Group Fixed Contingent Annuity Contract (TRANSAMERICA ADVISORS LIFE INSURANCE Co)