Partial Withdrawals definition
Partial Withdrawals means any part of a Fund that is withdrawn by You.
Partial Withdrawals. You may withdraw part of your Surrender Value. If the amount of the partial withdrawal request reduces your Account Value below the Minimum Surrender Value After a Partial Withdrawal, we may treat your request as a request for a full surrender. For partial withdrawal purposes, amounts are deemed to be withdrawn from your Annuity in the following order:
Partial Withdrawals. A Partial Withdrawal of a Participant's Account will occur when:
(a) A Participant who has an outstanding loan makes a withdrawal; or
(b) A Participant who has no outstanding loans, requests an amount less than a total withdrawal.
Examples of Partial Withdrawals in a sentence
Systematic Partial Withdrawals from Fixed Allocations are not subject to a Market Value Adjustment.
Partial Withdrawals in a Contract Year that are in excess of the Penalty-Free Withdrawal amount incur a Withdrawal Charge applicable to the remaining Purchase Payments and reduce those Purchase Payments on a first-in-first-out (FIFO) basis.
SYSTEMATIC PARTIAL WITHDRAWALS Systematic Partial Withdrawals may be taken on a monthly, quarterly or annual basis.
Systematic Partial Withdrawals and Conventional Partial Withdrawals are not allowed when ▇▇▇ Partial Withdrawals are being taken.
Systematic Partial Withdrawals and Conventional Partial Withdrawals may not be taken in the same Contract Year.
More Definitions of Partial Withdrawals
Partial Withdrawals means any part of Fund that is encashed / withdrawn by the Policyholder.
Partial Withdrawals means any amount withdrawn partially out of unit fund by the policyholder during the term of the policy.
Partial Withdrawals means any part of fund that is encashed/withdrawn by the policyholder during the period of contract.
Partial Withdrawals means any part of a Fund that is encashed /
Partial Withdrawals. You may withdraw part of your Surrender Value. The minimum withdrawal amount and the minimum Surrender Value after a withdrawal are shown in the Schedule. If the amount of the partial withdrawal request exceeds the maximum amount available, we reserve the right to treat your request as one for a full surrender. For a partial withdrawal that occurs while the contingent deferred sales charge applies, that charge is assessed against any Purchase Payments withdrawn. In order to determine whether the contingent deferred sales charge applies to withdrawals during this period, amounts are deemed to be withdrawn from your Annuity in the following order:
Partial Withdrawals. The Owner may make a partial withdrawal from the Policy Value Account at any time while the Policy is in force. The minimum amount per withdrawal is the amount shown on Policy Schedule. The maximum amount that may be withdrawn is 90% of the Policy Value Account less outstanding Policy loans and accrued loan interest. There is no partial withdrawal fee charged for the first partial withdrawal in any Policy Year. A maximum partial withdrawal fee shown in the Policy Schedule will be deducted from the Policy Value Account for each additional partial withdrawal made in the same Policy Year. The partial withdrawal will be effective on the Transaction Date. The Policy Value Account will be reduced by the partial withdrawal amount and any partial withdrawal fee, which will be taken from all the Sub-Accounts and the Fixed Account on a pro rata basis. If the Policy is in force under Option 1, Level Death Benefit, then the Total Face Amount also will be reduced by the amount of each partial withdrawal. Withdrawals may not be repaid directly into the Policy Value Account. Any payments received will be subject to the “Additional Premium Payments” provision.
Partial Withdrawals. Partial withdrawals have the effect of reducing the amount of future Annuity Payments. The Base Annuity Payment will be reduced by a percentage equal to the amount of the partial withdrawal divided by the full Payment Withdrawal Value at that time. For Annuity Payments in the Investment Options, this is accomplished through a proportional reduction in the number of Annuity Units. PARTIAL WITHDRAWALS ARE NOT AVAILABLE UNDER ANNUITY OPTION 1, 3 OR 5. WITHDRAWAL VALUES UNDER ANNUITY OPTIONS 1, 2, 3, 4, AND 5: The amount of the Withdrawal Value will be equal to the equal to the Stabilization Account Value plus a Payment Withdrawal Value that currently is equal to [4 times] the annualized sum of the current amount of the Supportable Payment and of any fixed payment. We reserve the right to change this Payment Withdrawal Value, but it will never be less than [2 times] the sum of the current amount of the Supportable Payment and of any fixed payment. WITHDRAWAL VALUES UNDER ANNUITY OPTION 6: The withdrawal charge, equal to the difference between the present value of remaining payments using the Assumed Investment Return (AIR) and the actual Payment Withdrawal Value, is capped at [9%] of the Purchase Payment. STABILIZATION PROCESS: STABILIZATION PAYMENTS AND GUARANTEED MINIMUM INCOME: Also, from one Income Year to the next, the Stabilized Payment will not change by more than [10%] except due to any of the Income Change Factors or to an increase due to the Stabilization Account reaching its cap at [80%] if the Purchase Payment.