Family Endowment Rider (FER)

The Family Endowment Rider (FER) is an optional death benefit rider which offers an enhanced death benefit that grows every day at an annual rate for the longer of 8 years or to age 85. It guarantees the amount paid to the beneficiaries will be the higher of the contract's death benefit or enhanced death benefit amount. The Rider benefit amount shall be equal to the premium accumulated at an effective annual interest rate of 5% (or 2.5% with BALIR) until the maximum age or the date the Contract is terminated, whichever occurs first. Rider also offers 5% dollar-for-dollar withdrawals each year (or 2.5% with BALIR). FER includes a one-time Premium Bonus, which enhances the Accumulation Value on the Contract Date.