How does Remove Lock Upon Payout work?
Normally, when a payout request is submitted, the account’s maximum drawdown becomes locked at the original starting balance.
If Remove Lock Upon Payout has been purchased, this lock does not apply.
That means the account retains greater flexibility after a payout because the drawdown rule does not become fixed at the starting balance in the same way.
If Remove Lock Upon Payout has been purchased, this lock does not apply.
That means the account retains greater flexibility after a payout because the drawdown rule does not become fixed at the starting balance in the same way.