Contract Value Death Benefit

Rider is not available for election, it is automatically selected if GOP DB is terminated due to change in ownership. This policy guarantees that upon the owner's demise, the death benefit will match the contract's value. Moving to the Contract Value DB reduces the Base Contract Expense to 0.20%. If the owner selects the i4LIFE Advantage rider, the Contract Value Death Benefit is only accessible alongside i4LIFE Advantage and is payable during the Access period exclusively. Consequently, regular income payments under i4LIFE Advantage might pause until the death claim gets approved. Once approved, a lump sum settlement will be disbursed as of the claim approval date, after which remaining regular income payments (if applicable) will recommence as usual. Furthermore, the Base contract expenses under the CVDB rider will rise by 0.40% due to i4LIFE Advantage rider charges, resulting in new contract charges of 0.60%, assessed on a daily basis. Additionally, annual advisory fee withdrawals up to 1.25% of the contract value will not be considered as withdrawals for the death benefit calculation. However, if advisory fee withdrawals exceed 1.25% of the contract value, they will be treated as excess withdrawals under the rider and will consequently reduce the benefit amount provided by the rider.