Annuitization Bonus
Product:
Advantage III Variable Annuity
Status:
Terminated
Internal name:
Sequence:
1
Rider select rule:
Mandatory
Participant based on:
Inception date:
Closed date:
2012-05-01
States available:
State exceptions:
Notes:
Issuer may apply a credit to contract value with an additional percentage of contract value upon annuitization of contract anytime after 5th contract anniversary, based on the annuity payment option selected. 2% annuitization bonus will be credited on any annuity payment option available under this contract that guarantees payment for nine years or less, thereafter 4% annuitization bonus will be credited.
When added:
No longer available for new purchases.
Cancellation / termination:
May be cancelled any time after election.
Feature termination:
Benefit will automatically terminate upon earliest of - 1) termination of contract, 2) surrender, 3) change of ownership, or 4) death.
Feature cases
| Case name | Current charge (%) | Max charge (%) | Owner age (min–max) | Annuitant age (min–max) |
|---|---|---|---|---|
| Annuitization Bonus | 0 |