The "Free Withdrawal Provision" is a feature often found in annuity contracts and some insurance policies. It allows policyholders or annuitants to withdraw a portion of their funds without incurring any penalties or surrender charges.
The "Free Withdrawal Provision" is a feature often found in annuity contracts and some insurance policies. It allows policyholders or annuitants to withdraw a portion of their funds without incurring any penalties or surrender charges.
Typically, this provision permits the withdrawal of a specified percentage of the account value annually, ensuring that individuals have access to their money in case of emergencies or unexpected financial needs.
The primary advantage of the Free Withdrawal Provision is the flexibility it offers. Recognising that life can be unpredictable, this provision ensures that individuals aren't penalised for accessing their own funds when unforeseen circumstances arise.
The "Free Withdrawal Provision" is a feature often found in annuity contracts and some insurance policies. It allows policyholders or annuitants to withdraw a portion of their funds without incurring any penalties or surrender charges.
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