Edit Guaranteed Minimum Income Benefit - Includes 6-1/2% Benefit Base

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. Annuity payments equals greater of - 1) determined by Guaranteed Minimum Income Benefit or 2) in accordance with base contract for same annuity option. Benefit base is greater of - 1) 6-1/2% (4% for WA) Roll-up to Age 85 or 2) Annual Ratchet to Age 85. 6-1/2% (4% for WA) Roll-up to Age 85 equals - 1) initial purchase payment and any subsequent purchase payment made plus 2) daily roll-up adjusted for withdrawals, prior to owner's 86th birthday. Effective annual roll-up rate credited to benefit base is 6-1/2% (4% for WA) of variable account value (3% for some selected sub-accounts and fixed account value). Annual Ratchet to Age 85 equal to greater of - 1) total purchase payments or 2) highest contract value on any contract anniversary, prior to owner's 86th birthday adjusted for withdrawals added to any purchase payments made. If benefit is elected without The Greater of 6-1/2% (4% for WA) Roll-Up to Age 85 or Annual Ratchet to age 85 Enhanced Death Benefit, investment options will be limited to guaranteed interest option, special dollar cost averaging and permitted variable investment options and reset of benefit base will be limited to guaranteed interest option, special dollar cost averaging and permitted variable investment options. Owner may elect from 1) life annuity fixed payout option or 2) life with a period certain payout option or other forms of payout options available under this contract. Maximum period certain available under life with a period certain payout option is 10 years, this period may be shorter, depending on owner's age. Issuer offer lump sum payment option if owner has elected GMIB and no-lapse guarantee is in effect; or GMIB that converted to a GWBL. Owner will have at least 30 days from day account value falls to zero to elect this option. This payment option may not be available in all states.

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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