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Protected Income Value

Modified 6 months ago

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DTCC ID —

RIDER TYPE GLWB

COMPANY —

INCEPTION Mar 03, 2020

Details BBE Reset EEB Multiplier Bonus Vesting Rollup Floor Charge ABP

Identity

NAME *

INTERNAL CASE NAME

RIDER TYPE *

PRODUCT POLICY TYPE *

FORMULA

Details

INCEPTION DATE *

CRED MULTI

MULTI TERM

MULTI PERIOD

MAX ENHANCEMENT

Applicability

Fixed Accounts Index Accounts Sub Accounts Exceptions

State Availability

Exception

Not available in states

Notes

DESCRIPTION

Under PIV Interest Bonus, provides control benefit option. This option determines how interest is credited to the accumulation value and the protected income value. Both the balanced PIV interest bonus option and the accelerated PIV interest bonus option offer an interest bonus to the protected income value. The accelerated PIV interest bonus option offers a higher protected income value interest bonus while reducing the interest credited to the accumulation value. The balanced PIV interest bonus option offers a lower protected income value interest bonus in exchange for more interest credited to the accumulation value. The Income Flex Benefit may be elected on the Contract Anniversary after the Lifetime Withdrawal Start Date if positive interest was credited. Upon notice, you can withdraw up to the Income Flex Benefit Amount instead of receiving an Annual Maximum increase. The benefit is reduced if taken off-anniversary and cannot be elected if it is less than or equal to the Annual Maximum Increase Amount.

INTERNAL NOTES

MULTI NOTES

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Protected Income Value

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