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Highest Daily Lifetime 7 Plus

Modified 6 months ago

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DTCC ID —

RIDER TYPE GLWB

COMPANY —

INCEPTION —

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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 no Lifetime Withdrawals are made before the 10th anniversary of the rider effective date, policy value will be increased on 10th anniversary. On 10th anniversary, Issuer will add (a) policy value at issue and (b) sum of each Purchase Payment made in first year. If the sum of (a) and (b) is greater than Policy Value on the 10th Anniversary, Issuer will increase Policy Value to equal the sum of (a) and (b). / If no Lifetime Withdrawals are made before the 10th, 20th or 25th anniversary of the rider effective date, the Protected Withdrawal Value on the 10th, 20th or 25th rider anniversary will be the greater of - 1) Periodic Value; and 2) the sum of (a), (b), and (c) proportionally reduced for any Non-Lifetime Withdrawals: (a) 200% (on the 10th anniversary), 400% (on the 20th anniversary) or 600% (on the 25th anniversary) of the policy value on the rider effective date, (b) 200% (on the 10th anniversary), 400% (on the 20th anniversary) or 600% (on the 25th anniversary) of any purchase payments made within one year of the rider effective date, and (c) all purchase payments made after one year following the effective date of the rider.

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Highest Daily Lifetime 7 Plus

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