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Beacon
Data Entry
Variable Annuity
Rider resets
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Nirmala
Signed in as Nirmala
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● Terminated
TrueIncome
Modified over 10 years ago
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DTCC ID
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RIDER TYPE
GLWB
COMPANY
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INCEPTION
—
Details
BBE
Reset
EEB
Multiplier
Bonus
Vesting
Rollup
Floor
Charge
ABP
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Identity
NAME
*
INTERNAL RESET NAME
RIDER TYPE
*
GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
*
Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
RESET TYPE
*
Select reset type
Automatic
Both
Manual
Dates
INCEPTION DATE
*
CLOSED DATE
Reset Details
HAV APPLIES YEARS
NO. OF YEARS
HAV TERM
Age
Contract Year
Daily
Days
Monthly
Months
Quarterly
Semi-Annually
Years
STEP UP %
STEP UP % BASIS
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Account Value
Accumulation Value
Benefit Base
Earnings
Fixed Account Value
Indexed Account Value
Interest Bonus
Others
Purchase Payments
Variable Account Value
SIMPLE / COMPOUND
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Compound
Simple
NO. OF RESET
RESET TERM
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Age
Contract year
Days
Months
Years
FORMULA
— None —
Notes
DESCRIPTION
If no withdrawal was ever taken, Issuer will determine a Protected Withdrawal Value and calculate an annual income amount and an annual withdrawal amount as if owner made first withdrawal on the date the annuity payments begin.
RESET NOTE
Step-up increases the Protected Withdrawal Value to be equal to Current account value. Protected Withdrawal Value will only be stepped-up if 5% of the account value is greater than the annual income amount by any amount. Once a step-up occurs, the next Auto Step-Up opportunity will occur on the 1st annuity anniversary that is at least one year after the most recent step-up.
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