When MVAs and surrender charges do not apply Generally, if a surrender charge applies to a transaction, an MVA will as well. However, annuitization may be subject to an MVA, but will never be subject to a surrender charge. Surrender charges and MVAs will not apply in the following scenarios: • Withdrawal of the free-withdrawal amount. • Full or partial withdrawals within the window period or within a one-year guarantee period. • Annuitizing your contract value while in the window period of a multi-year guarantee period or choosing to annuitize anytime while in the one-year guarantee period. • Withdrawals taken within the provisions of the Nursing Home or Terminal Illness riders. • Withdrawals needed to satisfy your Required Minimum Distribution (RMD) amounts from a qualified contract using our RMD program. 8 • Death Benefit amounts paid to your beneficiary.
• Upon cancellation of the contract during the free-look period. • Subsequent purchase payments canceled and returned within the 10-day cancellation period.
8 You must be participating in a systematic withdrawal program established for the payment of RMDs, under which the RMD is calculated by us, based solely on the fair market value of this Contract (our RMD program) and you must not have taken any other withdrawals from this Contract in that Contract Year. 13
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