Beacon Data Entry
Variable Annuity Features

Flexible Annuity Option Rider

Status: Active
Internal name:
Sequence: 1
Rider select rule: Mandatory
Participant based on: Owner
Inception date: 2018-02-27
Closed date:
States available:
State exceptions:
Notes:

The Flexible Annuity Option Rider allows the owner to begin annuity payments based on the accumulation value after the first contract anniversary. May exercise this option anytime after the first contract year by electing annuity payments over 3 to 9 years.

Feature cases

Case name Current charge (%) Max charge (%) Owner age (min–max) Annuitant age (min–max)
Flexible Annuity Option Rider 0 80 80