GR
● Terminated
GLWB Return of Premium Death Benefit
The Guardian Insurance & Annuity Company
DTCC ID
—
COMPANY
The Guardian Insurance & Annuity Company
TYPE
Variable Annuity
INCEPTION
May 01, 2011
Identity
Benefit name
GLWB Return of Premium Death Benefit
Internal benefit name
GLWB Return of Premium Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
6
Inception date
May 01, 2011
Closed date
—
DTCC Rider ID
—
Last modified
Sep 22, 2025
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Issuer will recalculate benefit base upon partial withdrawal.
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Benefit is only available in conjunction Guaranteed Lifetime Withdrawal Benefit. Upon death of annuitant, initially benefit will be equal to initial premium, thereafter, in case of withdrawals, benefit will be lesser of - 1) GWB immediately after withdrawal; or 2) GLWB Return of Premium Death Benefit immediately prior to withdrawal reduced by amount of that withdrawal, even if withdrawal included a portion of GWA. If GLWB Return of Premium is elected, GLWB fee percentage will increase by 0.60% annually.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Change in ownership will result in termination of rider except under certain conditions.