What happens if I need to withdraw funds from the accumulation vehicle prior to retirement?
A. If your accumulation vehicle is the annuity, funds are available for withdrawal without surrender charges. You may withdraw part of the account value one time each year. The amount withdrawn at any one time must be at least $250 and may not reduce the remaining account value below $1,000. Your annuity provisions explain this in detail. Because this annuity is designed to provide for your retirement, current income tax laws (IRC Section 72) impose a 10% penalty tax on the taxable amount you withdraw prior to age 59 1/2.
