Edit Spousal Highest Daily Lifetime 7 Plus

Identity

COMPANY *

RIDER TYPE *

NAME *

INTERNAL NAME

DTCC RIDER ID *

PRODUCT POLICY TYPE *

Rules & Limits

RIDER SELECT RULE

BASED ON LIFE

MIN AGE

MAX AGE

ELIGIBLE PP

ELIGIBLE PP TERM

MAX BENEFIT BASE

MAX BENEFIT BASE %

WITH REDUCE BENEFIT BASE

FORMULA

Dates

INCEPTION DATE *

CLOSED DATE

State Availability

Exception

Not available in states

Status Flags

Terminated

Exclude Premium Bonus

Single Life

Joint Life

Spousal Continuation Option

Formula Case Available

Notes & Descriptions

BENEFIT DESCRIPTION

The rider provides a guaranteed annual lifetime withdrawal benefit equal to a percentage of the initial benefit base for the lives of two spouses. Lifetime Withdrawals can begin at any time and the company allows a one-time Non-Lifetime Withdrawal prior to taking Lifetime Withdrawals under the benefit.,If Spousal Highest Daily Lifetime 7 Plus with Beneficiary Income Option is elected periodic value will stop to be determined on the earlier of first Lifetime Withdrawal or the 10th rider anniversary and no guaranteed minimum Periodic Values on the 20th and 25th Anniversary will be available. Rider also provide one-time Non-Lifetime Withdrawal, it is an optional feature of benefit that can be elected at first withdrawal. Amount of Non-Lifetime Withdrawal cannot be more than amount that would cause annuity to be taken below minimum surrender value. Non-Lifetime Withdrawal will not establish initial annual benefit payment and Periodic Value described above will continue to be calculated. Non-Lifetime Withdrawal will proportionally reduce benefit base and annual benefit payments guaranteed on 10th, 20th or 25th anniversaries of rider issue date. The rider provides a death benefit in addition to the base contract death benefit.

RIDER CANCELLATION

RIDER TERMINATION

AVAILABLE WHEN ADDED

SUBSEQUENT PREMIUM

WITHDRAWAL NOTES

PARTIAL WITHDRAWALS

REQUIRED MIN DISTRIBUTIONS

SPOUSAL CONTINUATION OPTION

EFFECT CHANGE OWNERSHIP

OTHER INFO

VERSION NOTES

INTERNAL NOTES

SCRAP BOOK

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