Common use of Election and Revocation Clause in Contracts

Election and Revocation. ECO may be elected by the Certificate Holder by submitting a written request to Aetna at its Home Office. Once elected, this option may be revoked by the Certificate Holder, or spouse Beneficiary if elected after the Contract Holder's death, by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. The Certificate Holder assumes responsibility for compliance with minimum distribution rules under the Code. ECO may be elected only once by the Certificate Holder or by a spouse Beneficiary. (B) SYSTEMATIC WITHDRAWAL OPTION (SWO): A distribution option under which a portion of the Account's Current Value will automatically be surrendered and distributed each year. SWO payments will be calculated based on the Account's full Current Value. The distributed amount will be withdrawn pro rata from each investment option used under the Account. A Surrender Fee will not be deducted from any portion of the Current Value which is paid as a distribution under SWO. Certificate Holders should consult their tax advisers prior to requesting this distribution option. Aetna will not be responsible for any adverse tax consequences due to receiving SWO payments.

Election and Revocation. ECO may be elected by the Certificate Holder Holder, or spouse Beneficiary if elected after the Certificate Holder's death, by submitting a written request to Aetna at its Home Office. Once elected, this option may be revoked by the Certificate Holder, or spouse Beneficiary if elected after the Contract Holder's death, Holder by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. The Certificate Holder assumes responsibility for compliance with minimum distribution rules under the Code. ECO may be elected only once by the Certificate Holder or by a spouse Beneficiary. (Bb) SYSTEMATIC WITHDRAWAL OPTION Systematic Withdrawal Option (SWO): A distribution option under which a portion of the Account's Current Value will automatically be surrendered and distributed each year. SWO payments will be calculated based on the Account's full Current Value. The distributed amount will be withdrawn pro rata from each investment option used under the AccountContract. A Surrender Fee will not be deducted from any portion of the Adjusted Current Value which is paid as a distribution under SWO. Certificate Holders should consult their tax advisers adviser prior to requesting this distribution option. Aetna will not be responsible for any adverse tax consequences due to receiving SWO payments.

Election and Revocation. ECO may be elected by the Certificate Holder by submitting a written request to Aetna at its Home Office. Once elected, this option may be revoked by the Certificate Holder, or spouse Beneficiary if elected after the Contract Holder▇▇▇▇▇▇'s death, by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. The Certificate Holder assumes responsibility for compliance with minimum distribution rules under the Code. ECO ▇▇▇ may be elected only once by the Certificate Holder or by a spouse Beneficiary. (B) SYSTEMATIC WITHDRAWAL OPTION (SWO): A distribution option under which a portion of the Account's Current Value will automatically be surrendered and distributed each year. SWO payments will be calculated based on the Account's full Current Value. The distributed amount will be withdrawn pro rata from each investment option used under the Account. A Surrender Fee will not be deducted from any portion of the Current Value which is paid as a distribution under SWO. Certificate Holders should consult their tax advisers prior to requesting this distribution option. Aetna will not be responsible for any adverse tax consequences due to receiving SWO payments.