Common use of Change in Charges Clause in Contracts

Change in Charges. 8.1.1 We reserve the right to change the asset charge as shown on the Data Pages. We will send the Contract Owner advance written notice of such change at least [30] days before the change becomes effective. Charges will be assessed on the weighted average of the Account Value at the old rate and the Addition at the new rate from the point of the Addition forward.

Appears in 2 contracts

Sources: Group Guaranteed Income Annuity Contract (Genworth Life & Annuity Insurance Co), Group Guaranteed Income Annuity Contract (Genworth Life & Annuity Insurance Co)

Change in Charges. 8.1.1 We reserve the right to change the asset charge as shown on the Data Pages. We will send the Contract Owner advance written notice of such change at least [30] days before the change becomes effective. Charges assessed based on Account Value will be assessed on the weighted average of the Account Value at the time of the change at the old rate and the Addition any Account Value over this amount at the new rate from the point of the Addition forwardrate.

Appears in 1 contract

Sources: Group Guaranteed Income Annuity Contract (Genworth Life & Annuity Insurance Co)

Change in Charges. 8.1.1 8.4.1 We reserve the right to change the asset charge as shown on the Data Pages. We will send the Contract Owner advance written notice of such change at least [30] days before the change becomes effective. Charges will be assessed on the weighted average of the Account Value at time of the change and at the old rate and any Account Value over the Addition amount at the new rate from the point of the Addition forwardrate. This endorsement is effective [January 1, 2008].

Appears in 1 contract

Sources: Annuity Certificate (Genworth Life & Annuity Insurance Co)

Change in Charges. 8.1.1 We reserve the right to change the asset charge as shown on the Data Pages. We will send the Contract Owner advance written notice of such change at least [30] days before the change becomes effective. Charges will be assessed on the weighted average of the Account Value at the old rate and the Addition at the new rate from the point of the Addition forward.. MP7170 5/07 VA 19

Appears in 1 contract

Sources: Group Guaranteed Income Annuity Contract (Genworth Life & Annuity Insurance Co)