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Nirmala
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Legacy Max Death Benefit
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Death Benefit
Benefit Name
Internal Benefit Name
Inception Date
Closed Date
Rider Select Rule
Default
Mandatory
Optional
Based On Life
Annuitant
Owner
Owner (or Annuitant if owner is a natural entity)
Owner (or Annuitant if owner is a non-natural person)
Owner and Annuitant
Min Age
Max Age
Waiting Period
Waiting Term
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Age
Contract year
Days
Months
Years
Version Begin Date
Maximum Benefit Base
Maximum Benefit Base %
With Reduce Benefit Base
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Dollar for Dollar
Proportionally
DTCC Rider ID
Notes
Version Note
Benefit Description
Legacy Max is an optional enhanced death benefit rider, available at an additional cost. The death benefit base is reset each contract anniversary based on the greater of the two underlying growth components: The Guaranteed Enhancement Value, which increases by 6% compounded interest annually and the Performance Enhancement Value, which grows by 200% of the amount of interest credited on each contract anniversary. Both the Guaranteed Enhancement Value and the Performance Enhancement Value can grow for at least 7 years or until the contract anniversary after the 85th birthday, whichever comes later. The death benefit base is limited to the greater of:125% of your surrender value excluding any MVA and Premium received accumulated at a 10% annual effective rate, but not to exceed 250% of all premium received - minus any withdrawals including surrender charges.
Other Info
Cancellation
Termination
Rider will terminates automatically upon the earliest of a)annuitization, b)withdrawal, c)death of the designated life, d)change in ownership or e)the date there are insufficient funds to deduct rider charge.
Available When Added
Available only at contract issue.
Effect Change Ownership
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
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