GM
● Terminated
Guaranteed Minimum Withdrawal Benefit
Modified over 5 years ago
DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
—
Identity
Name
Guaranteed Minimum Withdrawal Benefit
Internal name
Guaranteed Minimum Withdrawal Benefit
Company
—
Rider type
GLWB
DTCC Rider ID
—
Product policy type
—
Status
● Terminated
Inception date
—
Closed date
Feb 23, 2009
Benefit description
The rider provides a guaranteed return of principal with a reset.,Initial Protected Value is determined as of the date first withdrawal is made under the Annuity following the election of GMWB. Additional purchase payments made after first withdrawal will increase Protected Value by the amount of the additional Purchase Payment.