What if I need to make a withdrawal above the 5% free withdrawal amount? You have the option of taking a withdrawal above the 5% free withdrawal amount, also known as an excess withdrawal. Excess withdrawals may be subject to withdrawal charges, and an MVA may apply. The withdrawal charge for excess withdrawals is on a declining schedule, shown below.
Withdrawal Charge Schedule *
Contract Year
1
2
3
4
5
6
7 8+
2-Year: Withdrawal Charge
9% 8% 0%
3-Year: Withdrawal Charge
9% 8% 7% 0%
5-Year: Withdrawal Charge
9% 8% 7% 6% 5% 0%
7-Year: Withdrawal Charge
9% 8% 7% 6% 5% 4% 3% 0%
*may vary by state
Aspida WealthLock SM
10
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