Withdrawal Order Endorsement to Indexed Strategies Contract – [Company Name]
This endorsement modifies an existing contract issued by a Cincinnati-based company, specifying how withdrawals from Indexed Strategies will be processed. Unless the contract holder provides different instructions, withdrawals will be taken first from strategies with the shortest term. This change is effective as of May 1, 2023, or the contract's effective date, and overrides any conflicting terms in the original contract. The endorsement is not a separate contract but an amendment to the existing agreement.
Exhibit 4(a)(3)
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Home Office: Cincinnati, Ohio
Administrative Office: [P.O. Box 5423, Cincinnati, Ohio ###-###-####]
WITHDRAWAL ORDER ENDORSEMENT
The CASH BENEFIT section of your Contract is revised to add the following new provision effective [May 1, 2023][as of the Contract Effective Date]:
Order of Withdrawals from Indexed Strategies
When the Contract provides for withdrawals to be taken from Indexed Strategies, unless you tell us otherwise by a Request in Good Order, such withdrawals shall be taken first from those Indexed Strategies having the shortest Term.
This is part of your Contract. It is not a separate contract. It changes the Contract only as and to the extent stated. In all cases of conflict with the other terms of the Contract, the provisions of this Endorsement shall control.
Signed for us at our office as of the Endorsement effective date specified above.
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[Mark F. Muething] | [John P. Gruber] | |
[President] | [Secretary] |
E1848822NW