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(e) Payment of Separate Account Withdrawal Value <br />When all or a~ part of the Withdrawal Value invested in a Separate Account is <br />requested by the GFA Owner such payment will be made within seven (7) days following <br />the day the rec}usst is received in Good Order~by the Compaq, except as the Company <br />may be pe~xdtted to defer payment under applicable law. <br />(f) Settlement Options Available for Payment of Withdrawals <br />(1) Payment in a single sum; . <br />(2) Monthly Payments for a designated period. 'T'he number of years selected may <br />not be less than 5 years and not more than 30 years; <br />(3) If elected. by the GFA Owner and agreed to by the Comparry, the Participant will <br />be permitted to direct the transfer value of his or her Participant's account held <br />undeu~ $iis GFA to a Related Contta~ct for distribution under the settlement options <br />of such Rela#ed Contz~act; or <br />(4) Other options as permmtted under section 401 or section 457, as applicable, of the <br />Code and as agreed to by the Compaq. <br />HL-16553 12 <br />