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Variable Annuity
Rider bbes
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Nirmala
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LF
● Terminated
Lifetime Five Income Benefit
Modified over 5 years ago · Fortitude Life Insurance & Annuity Company
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DTCC ID
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RIDER TYPE
GLWB
COMPANY
Fortitude Life Insurance & Annuity Company
INCEPTION
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Details
BBE
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EEB
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Bonus
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Identity
NAME
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INTERNAL CASE NAME
RIDER TYPE
*
GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
*
Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
FORMULA
— None —
Benefit Base
BENEFIT BASE — GENERAL
The Protected Withdrawal Value is equal to the greater of - 1) Account Value at rider issue, plus any additional purchase payments, growing at 5% per year from election of the benefit, or application of the Purchase Payment to the Annuity until the date of first withdrawal or 10th rider anniversary, if earlier; 2) Account Value on the date of first withdrawal, prior to the withdrawal; and 3) highest Account Value on each Annuity anniversary, plus subsequent purchase payments prior to the first withdrawal or the 10th rider anniversary, if earlier.
BENEFIT BASE — 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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