The annuity contract owner can elect systematic distributions on a monthly, quarterly, semi-annual and annual basis at any time prior to the annuity start date. During the surrender charge period, a surrender charge may be assessed on the amount that is withdrawn.

To request scheduled distributions, complete and sign a Systematic Distribution Form. Mail the completed and signed form to our Customer Service Center.

Partial Withdrawals

The annuity contract owner may take a partial withdrawal from the annuity contract at any time prior to the annuity start date. During the surrender charge period, a surrender charge may be assessed on the amount that is withdrawn.

Note: Vantis Life does not provide tax advice. Please consult with your tax advisor, preparer or attorney for information regarding your annuity contract and specific situation.

In general -

• Distributions from IRA annuity contracts are reported as taxable distributions.
• Distributions from nonqualified annuity contracts are reported as taxable distributions on the amount withdrawn that is attributable to interest earnings.

• Fair Market Value Statements are mailed by January 31.
• IRS Forms 1099R are mailed by January 31.
• IRS Forms 5498 are mailed by May 31.

The IRA annuity contract owner can elect to receive RMD distributions on a monthly, quarterly, semi-annual or annual basis. Complete and sign an Required Minimum Distribution Form and mail it to our Customer Service Center. Your RMD distribution will begin on the next scheduled modal distribution date after your request is received.

Distribution amounts are calculated based on the value of your annuity contract on December 31 of the prior year. In most cases, the value of your annuity is simply divided by the IRS table factor for the age you will attain in the year of the distribution.

If your annuity is a qualified IRA, you are required under IRS regulations to take distributions each year beginning in the year you turn age 70 1/2.

If your annuity contract is nonqualified, under the terms of the annuity contract you must surrender or begin annuity payments by age 99. See also FAQs on Surrenders or Annuity Payments.

NOTE: Before making any ownership change on your annuity contract, please consult your tax advisor or attorney to review any tax or legal consequences from the change. Most ownership changes will result in a taxable event to the current owner.