Waiver
Product:
Accumulator Bonus Maxxx
Status:
Active
Waiver Type:
Annuitization
Internal Name:
Sequence:
Inception Date:
2005-04-20
Closed Date:
Max Age at Issue:
Min Age to Elect:
Max Age to Elect:
Min Balance to Elect:
Max Withdrawal Amount:
Max Benefit Elect:
Waived Upto:
Waived Upto Value:
States Available:
State Exceptions:
Description:
Annuitization Waiver: 10% bonus, after 5th policy year with an option lasting at least 10 years.
Scrap Book:
Death Benefit = annuity value if taken over 5 years. If taken as a lump sum or over a period less than 5 years, the death benefit will equal the greater of the cash surrender value or the sum of premium paid less any withdrawals.