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Variable Annuity
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Nirmala
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The Hartford's Lifetime Income Builder II - GMWB
Modified 7 months ago
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DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
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
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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 first partial surrender has been taken before an Eligible Withdrawal Year, withdrawal percent will never increase above 5% for Single Life option or 4.5% for Joint/Spousal option for the remaining duration of the contract.
RESET NOTE
Automatic payment base increase will reset benefit base on each contract anniversary until earlier of - 1) annuitant's 80th birthday or 2) annuitization. Automatic Payment Base increases are based on anniversary value (prior to the rider charge being taken) divided by maximum contract value and then reduced by 1. In no event will this factor be less than 0% or greater than 10%.
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