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Variable Annuity
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Nirmala
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Max 7 Enhanced 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
Available during accumulation phase. Upon death of owner, benefit will be greatest of - 1) basic death benefit, 2) Annual Ratchet Minimum Guaranteed Death Benefit, or 3) 7% Solution Death Benefit. Basic death benefit will be greatest of - 1) contract value, 2) surrender value, or 3) Standard Minimum Guaranteed Death Benefit for amounts allocated to Covered Funds plus contract value allocated to Excluded Funds. Annual Ratchet Minimum Guaranteed Death Benefit allocated to Covered Funds plus contract value allocated to Excluded Funds. Annual Ratchet Minimum Guaranteed Death Benefit will be recalculated on each contract anniversary, prior to owner's age 90, to greater of - 1) contract value in Covered Funds and Excluded Funds, or 2) Annual Ratchet MGDB in Covered Funds and Excluded Funds. 7% Solution Death Benefit is lesser of - 1) 2.5 times all purchase payments plus premium credits, if applicable, adjusted for withdrawals, or 2) sum of 7% Solution Minimum Guaranteed Death Benefit allocated to Covered Funds, 7% MGDB allocated to Special Funds, and contract value allocated to Excluded Funds. 7% MGDB allocated to Covered Funds equals purchase payments plus premium credits, if applicable, allocated to Covered Funds, adjusted for withdrawals and transfers, accumulated at 7% annually until age 80.There is no accumulation of 7% MGDB allocated to Special Funds. 7% MGDB allocated to Excluded Funds is determined in same way as for Covered Funds, but calculation is not used for benefit purposes, but only to determine impact of transfers to and from Excluded Funds. Please see prospectus for details. Current charges may vary between 0.45-0.55.
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
Issuer will recalculate benefit amount upon change in ownership.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
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