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Variable Annuity
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Nirmala
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Jackson National Life Insurance Company
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Death Benefits
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5% Roll-Up Death Benefit
Edit Death Benefit
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
Select
Age
Contract year
Days
Months
Years
Version Begin Date
Maximum Benefit Base
Maximum Benefit Base %
With Reduce Benefit Base
Select
Dollar for Dollar
Proportionally
DTCC Rider ID
Notes
Version Note
Benefit Description
During accumulation phase, upon death of owner, benefit will be greatest of - 1) contract value, 2) purchase payments, or 3) GMDB benefit base, which is step-up value on rider effective date increased by purchase payments less any withdrawals, compounded at 5% (4% if owner is age 70 or older on rider effective date or 3% for state WA) annually from rider effective date to contract anniversary immediately preceding owner's 81st birthday. If contract value is greater than GMDB benefit base on earlier of 7th contract anniversary following rider date or contract anniversary prior to owner's 81st birthday, step-up date is set equal to that contract anniversary, and step-up value is set equal to contract value on that step-up date. For total withdrawals up to 5% of GMDB Benefit Base, withdrawal adjustment is dollar amount of withdrawal, after processing applicable dollar for dollar portion of withdrawal, withdrawal adjustment for total withdrawals in a contract year in excess of 5% of GMDB Benefit Base is in same proportion.
Other Info
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available When Added
Only at contract issue.
Effect Change Ownership
Not Applicable.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
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