Common use of SYSTEMATIC WITHDRAWAL OPTION Clause in Contracts

SYSTEMATIC WITHDRAWAL OPTION. You may elect a systematic withdrawal option if all of the following requirements are satisfied as of the date We receive your request: 1) The Owner is living, 2) The Contract has not reached the Maturity Date, and 3) Your right to examine the Contract has expired. All systematic withdrawals are considered partial withdrawals and will be deducted from each Investment Option in the same proportion as each Investment Option bears to Your Contract Value. Withdrawals may be made monthly, quarterly, semi-annually or annually. However, We reserve the right to change the frequency of payments or discontinue payments if the payment is less than $100. Systematic withdrawals will be processed as of the Valuation Period that We receive proper notification prior to the Transaction Closing Time. You may discontinue systematic withdrawals at any time. The balance remaining in the Contract Value will continue to increase or decrease, depending on the investment experience of the Investment Option(s) in which Your Contract Value resides. If Your Contract Value declines, systematic withdrawals may no longer be supported.