● Terminated

Lifetime Withdrawal Guarantee II Benefit

Modified 10 months ago

Edit

DTCC ID —

RIDER TYPE GLWB

COMPANY —

INCEPTION Jun 09, 2006

Details BBE Reset EEB Multiplier Bonus Vesting Rollup Floor Charge ABP

Identity

NAME *

INTERNAL RESET NAME

RIDER TYPE *

PRODUCT POLICY TYPE *

RESET TYPE *

Dates

INCEPTION DATE *

CLOSED DATE

Reset Details

HAV APPLIES YEARS

NO. OF YEARS

HAV TERM

STEP UP %

STEP UP % BASIS

SIMPLE / COMPOUND

NO. OF RESET

RESET TERM

FORMULA

Notes

DESCRIPTION

7.25% Compounding Income Amount (For Contracts issued in all states except New York) - On each contract anniversary until the earlier of: (a) the date of the second withdrawal from the contract or (b) the tenth contract anniversary, Total Guaranteed Withdrawal Amount and the Remaining Guaranteed Withdrawal Amount will be increased by an amount equal to 7.25% multiplied by the Total Guaranteed Withdrawal Amount and Remaining Guaranteed Withdrawal Amount before such increase. For NY contracts if the LWG II has been elected, when the owner is 63 years old or older for single life and younger spouse is 66 years old or older for joint life, Total Guaranteed Withdrawal Amount and the Remaining Guaranteed Withdrawal Amount will be increased by an amount equal to 6% multiplied by the Total Guaranteed Withdrawal Amount and Remaining Guaranteed Withdrawal Amount before such increase on each contract anniversary until the earlier of: (a) the date of the first withdrawal from the contract or (b) the fifth contract anniversary. If the first withdrawal from the contract is taken before the owner is 63 years old for single life and younger spouse is 66 years old or older, the Total Guaranteed Withdrawal Amount and Remaining Guaranteed Withdrawal Amount will never be increased by the 6% Compounding Income Amount.

RESET NOTE

Cancel

Lifetime Withdrawal Guarantee II Benefit

Edit Rider Reset