Partial Withdrawal. You may withdraw a portion of the unloaned Contract Value. For a partial withdrawal, we calculate the Withdrawal Value this way: Withdrawal Value = Contract Value Withdrawn minus Withdrawal Charge Some or all of the amount withdrawn may be eligible for a waiver of the Withdrawal Charge as described in Section 7F. On a nondiscriminatory basis, we reserve the right to impose a charge $25 for each partial withdrawal and to limit the number of partial withdrawals you may make. Unless we agree, on a nondiscriminatory basis, each partial withdrawal must be at least $1,000, including those under Section 7F. Following a partial withdrawal, the remaining Contract Value must be at least the greater of a or b, where: a = $1,000; and b = Outstanding Loan Balance/85% The Outstanding Loan Balance, Withdrawal Charges, and any applicable taxes will not be included in the amount payable to you. Unless we agree otherwise, the withdrawal will be made on a pro-rata basis from all unloaned portions of Sub-Accounts, Fixed Account A and Fixed Account B immediately prior to the withdrawal.
Appears in 1 contract
Sources: Annuity Contract (Separate Account One of Northern Life Insurance Co)
Partial Withdrawal. You may withdraw a portion of the unloaned Contract Value. For a partial withdrawal, we calculate the Withdrawal Value this way: Withdrawal Value = Contract Value Withdrawn minus Withdrawal Charge Some or all of the amount withdrawn may be eligible for a waiver of the Withdrawal Charge as described in Section 7F. 7E. On a nondiscriminatory basis, we reserve the right to impose a charge $25 for each partial withdrawal and to limit the number of partial withdrawals you may make. Unless we agree, on a nondiscriminatory basis, each partial withdrawal must be at least $1,000, including those under Section 7F. 7E. Following a partial withdrawal, the remaining Contract Value must be at least the greater of a or b, where: a = $1,000; and b = Outstanding Loan Balance/85% The Outstanding Loan Balance, . Withdrawal Charges, and any applicable taxes will not be included in the amount payable to you. Unless we agree otherwise, the withdrawal will be made on a pro-rata basis from all unloaned portions of Sub-Accounts, Fixed Account A and Fixed Account B immediately prior to the withdrawal.
Appears in 1 contract
Partial Withdrawal. You may withdraw a portion of the unloaned Contract Value. For a partial withdrawal, we calculate the Withdrawal Value withdrawal value this way: Withdrawal Value value = Contract Value Withdrawn minus Withdrawal Charge Some withdrawn Less withdrawal charge. Some, or all all, of the amount withdrawn may be eligible for a waiver of the Withdrawal Charge withdrawal charge as described in Section 7F. 7I. On a nondiscriminatory non-discriminatory basis, we reserve the right to impose a charge not to exceed $25 for each partial withdrawal and to limit the number of partial withdrawals you may make. Unless we agree, on a nondiscriminatory non-discriminatory basis, each partial withdrawal must be at least $1,000, including excluding those under Section 7F. 7H. Following a partial withdrawal, the remaining Contract Value must be at least the greater of a A or bB, where: a :
1. A = $1,000; and b or
2. B = Outstanding Loan Balance/85Balance divided by 85% 13076(LA)-15 14 The Outstanding Loan Balance, Withdrawal Chargeswithdrawal charges, and any applicable taxes will not be included in the amount payable to you. Unless we agree otherwise, the withdrawal will be made on a pro-pro rata basis from all unloaned portions of the Sub-Accounts, Accounts and Fixed Account A and Fixed Account B immediately prior to the withdrawal.B.
Appears in 1 contract
Sources: Flexible Premium Individual Deferred Annuity Contract (Separate Account N of Reliastar Life)
Partial Withdrawal. You may withdraw a portion of the unloaned Contract Value. For a partial withdrawal, we calculate the Withdrawal Value this way: Withdrawal Value = Contract Value Withdrawn minus Withdrawal Charge Some or all of the amount withdrawn may be eligible for a waiver of the Withdrawal Charge as described in Section 7F. On a nondiscriminatory basis, we reserve the right to impose a charge $25 for each partial withdrawal and to limit the number of partial withdrawals you may make. Unless we agree, on a nondiscriminatory basis, each partial withdrawal must be at least $1,000, including those under Section 7F. Following a partial withdrawal, the remaining Contract Value must be at least the greater of a or b, where: a = $1,000; and b = Outstanding Loan Balance/85% The Outstanding Loan Balance, . Withdrawal Charges, and any applicable taxes will not be included in the amount payable to you. Unless we agree otherwise, the withdrawal will be made on a pro-rata basis from all unloaned portions of Sub-Accounts, Fixed Account A and Fixed Account B immediately prior to the withdrawal.
Appears in 1 contract
Sources: Right to Examine and Cancel Contract (Separate Account One of Northern Life Insurance Co)
Partial Withdrawal. You may withdraw a portion of the unloaned Contract Value. For a partial withdrawal, we calculate the Withdrawal Value this way: Withdrawal Value = Contract Value Withdrawn minus Withdrawal Charge Some or all of the amount withdrawn may be eligible for a waiver of the Withdrawal Charge as described in Section 7F. 7G. On a nondiscriminatory basis, we reserve the right to impose a charge $25 for each partial withdrawal and to limit the number of partial withdrawals you may make. Unless we agree, on a nondiscriminatory basis, each partial withdrawal must be at least $1,000, including those under Section 7F. 7G. Following a partial withdrawal, the remaining Contract Value must be at least the greater of a or b, where: a = $1,000; and b = Outstanding Loan Balance/85% The Outstanding Loan Balance, Withdrawal Charges, and any applicable taxes will not be included in the amount payable to you. Unless we agree otherwise, the withdrawal will be made on a pro-rata basis from all unloaned portions of Sub-Accounts, Fixed Account A and Fixed Account B immediately prior to the withdrawal.
Appears in 1 contract
Sources: Annuity Contract (Separate Account One of Northern Life Insurance Co)