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Variable Annuity
Rider bbes
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Nirmala
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Lifetime Income Benefit Rider
Modified over 2 years ago
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DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Feb 01, 2007
Details
BBE
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EEB
Multiplier
Bonus
Vesting
Rollup
Floor
Charge
ABP
Edit Rider BBE
Identity
NAME
*
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
Initially the IAV is equal to initial premium plus premium bonus (if any), increased by any additional premiums and adjusted for withdrawals, thereafter IAV grows in different ways. The rider offers a set initial IAV Rate, declared at issue and guaranteed for 10 years. IAV is multiplied by the benefit payout percentage to calculate annual income payments received under the rider.
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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