Free Withdrawals. During a Contract Year, you may withdraw free of Withdrawal Charges your Earnings plus your “Eligible Purchase Payments”. Eligible Purchase Payments include the Free Withdrawal Percentage of all remaining Purchase Payments at the beginning of a Contract Year that have an “age” of less than the Free Withdrawal Contract Year Age, plus the Free Withdrawal Percentage of any Purchase Payments received by us during that Contract Year, plus 100% of all remaining Purchase Payments that have an “age” greater than or equal to the Free Withdrawal Contract Year Age. Any portion of your Eligible Purchase Payments not withdrawn during a Contract Year may not be carried over to the next Contract Year.
Appears in 3 contracts
Sources: Contract (Separate Account a of Pacific Life & Annuity Co), Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co)