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Variable Annuity
Rider bbes
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Nirmala
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Living Guarantees - Guaranteed Withdrawal Benefit
Modified over 12 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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Details
BBE
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Identity
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 GWB value is equal to total Purchase Payments less GWB adjusted partial withdrawals. This benefit provides a guaranteed income through partial withdrawals, regardless of Contract Value, beginning on the second Contract Anniversary.
BENEFIT BASE — WITHDRAWAL
Owner can continue to take GWB withdrawals until owner withdrawn all of the GWB value. This means that under the GWB, if no remaining contract value, contract will continue until owner withdrawn all the purchase payments less GWB adjusted partial withdrawals.
Applicability
Contract Value
Fixed Account Value
Variable Account Value
Indexed Account Value
Accumulation Value
Purchase Payments
Earnings
Rollup Case Applicable
EEB Case Applicable
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Reset Applicable
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