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Variable Annuity
Rider resets
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Nirmala
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GM
● Terminated
Guaranteed Minimum Withdrawal Benefit
Modified 9 months ago
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DTCC ID
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RIDER TYPE
GLWB
COMPANY
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INCEPTION
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Details
BBE
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EEB
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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
*
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Automatic
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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
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Notes
DESCRIPTION
RESET NOTE
An optional Auto Step-Up feature is available for this benefit. Protected Value may be stepped-up on or after the 5th annuity anniversary following the first withdrawal. Step-up increases the Protected Value to be equal to Then current Account Value. Protected Value can be stepped up again on or after the 5th annuity anniversary following the preceding step-up.
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