Common use of Deductions From The Separate Account Clause in Contracts

Deductions From The Separate Account. And The Funds -- Total deductions equal 1.5% on an annual basis. Once Annuity payments begin, if the dollar amount of the Variable Annuity payments is not to decrease Aetna must earn a gross return on the assets of the Separate Account of: (a) 5% on an annual basis if an assumed net return rate of 3.5% is chosen; or (b) 6.5% on an annual basis if an assumed net return rate of 5% is chosen. This Contract is a legal contract between the Owner and Aetna. READ THIS CONTRACT CAREFULLY. This Contract sets forth, in detail, all of the rights and obligations of both you and Aetna. IT IS THEREFORE IMPORTANT THAT YOU READ THIS CONTRACT CAREFULLY. TABLE OF CONTENTS I. GENERAL DEFINITIONS

Appears in 1 contract

Sources: Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)

Deductions From The Separate Account. And The Funds -- - Total deductions equal 1.5% on an annual basis. Once Annuity payments begin, if the dollar amount of the Variable Annuity payments is not to decrease Aetna must earn a gross return on the assets of the Separate Account of: (a) 5% on an annual basis if an assumed net return rate of 3.5% is chosen; or (b) 6.5% on an annual basis if an assumed net return rate of 5% is chosen. This Contract is a legal contract between the Owner and Aetna. READ THIS CONTRACT CAREFULLY. This Contract sets forth, in detail, all of the rights and obligations of both you and Aetna. IT IS THEREFORE IMPORTANT THAT YOU READ THIS CONTRACT CAREFULLY. TABLE OF CONTENTS I. GENERAL DEFINITIONSGIP-CDA-HB

Appears in 1 contract

Sources: Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)