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Beacon
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Variable Annuity
Rider bbes
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Nirmala
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5F
● Terminated
5 for Life with Growth Benefit - GMWB
Modified over 5 years ago
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DTCC ID
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RIDER TYPE
GLWB
COMPANY
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INCEPTION
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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
The total withdrawal base on the rider date is the policy value (less any premium enhancement, if the rider is added in the first policy year). The total withdrawal base during the growth period is equal to - 1) total withdrawal base on the rider date; plus 2) premiums added during the growth period accumulated at an annual effective rate of 5% (the accumulation stops at the end of the growth period). The total withdrawal base after the growth period is equal to - 1) total withdrawal base at the end of the growth period; plus 2) any premiums added after the growth period; less 3) any adjustments for withdrawals.
BENEFIT BASE — WITHDRAWAL
Applicability
Contract Value
Fixed Account Value
Variable Account Value
Indexed Account Value
Accumulation Value
Purchase Payments
Earnings
Rollup Case Applicable
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