Sentences with phrase «charge during the surrender charge period»

Therefore, the 1.30 % charge during the surrender charge period and 1.10 % after the surrender charge period is not reflected in the performance of the Investment Divisions, but will be deducted on a quarterly basis by reducing the number of Accumulation Units in the Investment Divisions you have selected.

Not exact matches

Access to your money with up to 10 % allowed to be withdrawn free of charge each year during the surrender charge period, starting in the second year

Up to 10 % can be withdrawn free of charge each year during the surrender charge period, starting in the second year1

Access to your money — up to 10 % allowed to be withdrawn free of charge each year during the surrender charge period — starting in the second year1

Withdrawals made during an annuity's surrender period may be subject to surrender charges.

Surrender charges do apply on many products, typically between one and nine years, but they generally decrease every year during the surrender - chargSurrender charges do apply on many products, typically between one and nine years, but they generally decrease every year during the surrender - chargsurrender - charge period.

Up to 10 % can be withdrawn free of charge each year during the surrender charge period, starting in the second year1

Variable annuities, for example, often have surrender periods during which you face charges of 5 to 9 percent for selling.

The contract term for a MYGA is actually the period during which surrender charges apply.

During the accumulation phase, there is a surrender charge period which is usually around 7 years (but can last as long as 15 years), and during this time there are penalties for early withdrawal which are in addition to any tax ramifications for early withdrDuring the accumulation phase, there is a surrender charge period which is usually around 7 years (but can last as long as 15 years), and during this time there are penalties for early withdrawal which are in addition to any tax ramifications for early withdrduring this time there are penalties for early withdrawal which are in addition to any tax ramifications for early withdrawals.

With some deferred annuities, during the accumulation period you are allowed to withdraw a percentage of the principal and earnings without incurring surrender charges.

At the end of each guarantee period, new interest rate guarantee periods and surrender - charge periods automatically begin.1 During the first 30 days of each subsequent surrender - charge period, your client may withdraw some or all of their funds without a surrender charge.

There are no upfront or recurring charges, but charges will apply if you withdraw money or surrender your annuity during the early withdrawal period.

In addition, there is no window at the end of the surrender charge period, during which time owners are generally required to make a decision prior to a restart of surrender charges.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

MARKET VALUE ADJUSTMENT — An MVA will apply, only during the Surrender Charge Period, to any partial withdrawals in excess of the Maximum Free Partial Withdrawal amount and at the time the Contract is surrendered.

A surrender charge may apply during the surrender period, and a 10 percent early withdrawal penalty may apply to withdrawals prior to age 59 1/2.

Our deferred annuities offer several ways to withdraw funds during the surrender - charge period without ending the contract or paying surrender fees.

In addition, there is no window at the end of the surrender - charge period, during which time owners are generally required to make a decision prior to a restart of surrender charges.

Surrender charges do apply on many products, typically between one and nine years, but they generally decrease every year during the surrender - chargSurrender charges do apply on many products, typically between one and nine years, but they generally decrease every year during the surrender - chargsurrender - charge period.

If you fail to revive your policy during the allotted period then the surrender value of the same is paid to you but surrender charges are deducted from the same.

Surrender Charge for Deferred Annuity Products An amount deducted by the insurer upon a partial withdrawal or surrender during the policy's surrender charge period in excess of any surrender charge freSurrender Charge for Deferred Annuity Products An amount deducted by the insurer upon a partial withdrawal or surrender during the policy's surrender charge period in excess of any surrender charge free aCharge for Deferred Annuity Products An amount deducted by the insurer upon a partial withdrawal or surrender during the policy's surrender charge period in excess of any surrender charge fresurrender during the policy's surrender charge period in excess of any surrender charge fresurrender charge period in excess of any surrender charge free acharge period in excess of any surrender charge fresurrender charge free acharge free amount.

An MVA only applies when the policy owner surrenders or makes a withdrawal from the contract that is greater than the surrender charge free withdrawal amount during the surrender charge period.

Withdrawals made during an annuity's surrender period may be subject to surrender charges.

Often, whole life policies come with a surrender charge period, during which you would pay a penalty if you surrender your policy.

In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee After completing five policy years, if it is surrendered, then there is no Surrender / Discontinuance Charges and the Fund Value is paid to the policyholder and the policy will terminate immediately.

Determined by a formula that measures the change in the U.S. Treasury Constant Maturity yield plus the applicable Barclays Capital U.S. Corporate Bond Index, the MVA will add or deduct an amount from your annuity or from the withdrawal amount you receive.4 A MVA only applies when the policyowner surrenders or makes a withdrawal from the contract that is greater than the surrender - charge - free withdrawal amount during the surrender charge period.

Depending on the period chosen, withdrawals during the 3, 4, 5, 6, or 7 years of the policy may be subject to surrender charges.

A Market Value Adjustment (MVA) is a positive or negative adjustment to the policy's accumulation value, or the amount received in a withdrawal, when a partial withdrawal or full surrender is made during the surrender charge period and the withdrawal or surrender exceeds the policy's surrender - charge - free withdrawal amount.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

Keep in mind that annuities may assess a surrender charge on withdrawals if you sell or withdraw money during the surrender charge period, and withdrawals made prior to age 59 1/2 may also be subject to a 10 percent federal income tax.

If you cash in the policy during the surrender period listed in the contract, you may end up with much less than you expect due to the fees charged by the insurer for early termination.

Variable annuity contracts typically have a «free look» period of ten or more days, during which you can terminate the contract without paying any surrender charges and get back your purchase payments (which may be adjusted to reflect charges and the performance of your investment).

On surrender during the lock - in period of first 5 years of your policy, the Fund Value less the discontinuance / surrender charge, as on the date of surrender, will be transferred to the Discontinued Life Policy fund (maintained by the Company), and the risk cover under the policy shall cease.

On surrender during the lock - in period of first five years, the single premium fund value, less the discontinuance / surrender charge plus the top up premium fund value, if any, as on the date of surrender, will be transferred to the discontinued life policy fund (maintained by the company), and life cover shall cease immediately.

The charges levied while terminating the policy during the surrender period are called Surrender Ccharges levied while terminating the policy during the surrender period are called Surrendersurrender period are called SurrenderSurrender ChargesCharges.

During the accumulation phase, there is a surrender charge period which is usually around 7 years (but can last as long as 15 years), and during this time there are penalties for early withdrawal which are in addition to any tax ramifications for early withdrDuring the accumulation phase, there is a surrender charge period which is usually around 7 years (but can last as long as 15 years), and during this time there are penalties for early withdrawal which are in addition to any tax ramifications for early withdrduring this time there are penalties for early withdrawal which are in addition to any tax ramifications for early withdrawals.

You may be charged a surrender fee if you cash in your policy during a certain initial period of time, such as 10 or 20 years.

If this Policy is surrendered during the Lock in Period, the Fund Value to the Pension Discontinuance Policy Fund is credited after deducting the applicable Surrender Charges.

Typical premature withdrawal or surrender charges associated with a life insurance are not applied during the free look period.