Beacon Data Entry
Variable Annuity 5% Penalty Free Withdrawal Rider
⌘K
5P
● Active

5% Penalty Free Withdrawal Rider

Modified almost 5 years ago
Edit
DTCC ID —
RIDER TYPE GLWB
COMPANY —
INCEPTION Sep 04, 2019
Details BBE Reset EEB Multiplier Bonus Vesting Rollup Floor Charge ABP
Identity
Name
5% Penalty Free Withdrawal Rider
Internal name
5% Penalty Free Withdrawal Rider
Company
—
Rider type
GLWB
DTCC Rider ID
—
Product policy type
—
Status
● Active
Inception date
Sep 04, 2019
Benefit description

Beginning in the second policy year, any surrender charges and MVA will be waived for the first withdrawal in a policy year of amount up to 5% of the account value as of the last policy anniversary. Charge is .06% Rate Reduction..