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Variable Annuity
Rider bbes
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Nirmala
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SP
● Terminated
SureIncome Plus Withdrawal Benefit
Modified 9 months ago
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RIDER TYPE
GLWB
COMPANY
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INCEPTION
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Identity
NAME
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INTERNAL CASE NAME
RIDER TYPE
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GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
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Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
FORMULA
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Benefit Base
BENEFIT BASE — GENERAL
On the rider date, the benefit payment is equal to greater of- 1) contract value multiplied by the withdrawal benefit factor is equal to currently 8%, or 2) value of the benefit payment of the previous withdrawal benefit option that is being terminated under a rider trade-in option. After the rider date, benefit payment will be increased by purchase payments multiplied by the withdrawal benefit factor.
BENEFIT BASE — WITHDRAWAL
If the withdrawal is less than or equal to the benefit payment remaining in effect immediately prior to the withdrawal, benefit base will be reduced by the amount of the withdrawal; if the withdrawal is greater than the benefit payment remaining in effect immediately prior to the withdrawal, the benefit base will be the lesser of - 1) the contract value immediately prior to withdrawal less the amount of withdrawal; or 2) the benefit base immediately prior to withdrawal less the amount of the withdrawal.
Applicability
Contract Value
Fixed Account Value
Variable Account Value
Indexed Account Value
Accumulation Value
Purchase Payments
Earnings
Rollup Case Applicable
EEB Case Applicable
Floor Case Applicable
Reset Applicable
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