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Guaranteed Withdrawal Benefit for Life

Modified almost 7 years ago

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DTCC ID —

RIDER TYPE GLWB

COMPANY —

INCEPTION —

Details BBE Reset EEB Multiplier Bonus Vesting Rollup Floor Charge ABP

Identity

NAME *

INTERNAL RESET NAME

RIDER TYPE *

PRODUCT POLICY TYPE *

RESET TYPE *

Dates

INCEPTION DATE *

CLOSED DATE

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HAV APPLIES YEARS

NO. OF YEARS

HAV TERM

STEP UP %

STEP UP % BASIS

SIMPLE / COMPOUND

NO. OF RESET

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FORMULA

Notes

DESCRIPTION

If owner will not take withdrawals, during 1st ten contract years, Issuer will increase benefit base by an amount equal to 7% of total contributions. If the annual ratchet occurs on any contract anniversary, for the next and subsequent contract years, bonus will be 7% of recent benefit base plus any subsequent contributions. If benefit base is reduced due to an excess withdrawal, 7% deferral bonus will be calculated using the reset benefit base plus any applicable contributions. The deferral bonus generally excludes contributions made in the prior 12-months. In the first contract year, deferral bonus is determined using all contributions received in the first 90 days of the contract year. / If withdrawals are not taken, from the contract before the later of: (i) tenth contract date anniversary; or (ii) the contract anniversary following the owner's attained age 70, benefit base will be increased to equal 200% of contributions made to the contract during the first 90 days, plus 100% of any subsequent contributions received after the first 90 days.

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Guaranteed Withdrawal Benefit for Life

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