Edit 4LATER Advantage (Managed Risk)

Identity

COMPANY *

RIDER TYPE *

NAME *

INTERNAL NAME

DTCC RIDER ID *

PRODUCT POLICY TYPE *

Rules & Limits

RIDER SELECT RULE

BASED ON LIFE

MIN AGE

MAX AGE

ELIGIBLE PP

ELIGIBLE PP TERM

MAX BENEFIT BASE

MAX BENEFIT BASE %

WITH REDUCE BENEFIT BASE

FORMULA

Dates

INCEPTION DATE *

CLOSED DATE

State Availability

Exception

Not available in states

Status Flags

Terminated

Exclude Premium Bonus

Single Life

Joint Life

Spousal Continuation Option

Formula Case Available

Notes & Descriptions

BENEFIT DESCRIPTION

Benefit guarantees minimum level of future income regardless of investment performance of underlying investment options. Income base is not available to owner as a lump sum withdrawal or as a death benefit. Income base depends on when benefit is added to contract; if benefit is added at contract issue, benefit base equals initial purchase payments, if benefit is added after contract issue, benefit base equals contract value; increased by purchase payments made. After first rider anniversary, cumulative additional purchase payments will be limited to $100,000. On each benefit year anniversary, income base, will be increased by 5% if - 1) contract owner or annuitant is under age 86, 2) if there were no withdrawals in that year and 3) rider is in enhancement period. Enhancement period is a 10-year period begins on rider date. If during any enhancement period there are no automatic annual step-ups, 5% enhancements will terminate at the end of enhancement period and will not restart until next benefit year anniversary following benefit year anniversary upon which an automatic annual step-up occurs. Subsequent purchase payment must be invested in contract for at least 1 benefit year before calculating 5% enhancement. If owner decline the automatic annual step-up during the first 10 benefit years, owner will continue to be eligible for the 5% Enhancements through the end of current enhancement period. Maximum Benefit base can never be $10,000,000.

RIDER CANCELLATION

RIDER TERMINATION

AVAILABLE WHEN ADDED

SUBSEQUENT PREMIUM

WITHDRAWAL NOTES

PARTIAL WITHDRAWALS

REQUIRED MIN DISTRIBUTIONS

SPOUSAL CONTINUATION OPTION

EFFECT CHANGE OWNERSHIP

OTHER INFO

VERSION NOTES

INTERNAL NOTES

SCRAP BOOK

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