The phrase "contract anniversary" refers to the yearly celebration or marking of the date when a contract was signed or came into effect. It is a reminder or chance to review and renew the agreement as needed. Full definition
3 The withdrawal charge period will end on the day before the seventh contract anniversary, regardless of when the seventh index year ends. (columbuslife.com)
The Monthly Contract Charge will increase by $ 2.50 on every fifth Contract Anniversary following the issue date. (jackson.com)
(7th year contract anniversary step up in death benefit applied)(How could the contract value be so low? (thebalance.com)