Beacon Data Entry
Variable Annuity Highest Daily Lifetime 7 Plus
HD
● Terminated

Highest Daily Lifetime 7 Plus

Modified over 3 years ago
DTCC ID
RIDER TYPE GLWB
COMPANY
INCEPTION
Name
Highest Daily Lifetime 7 Plus
Internal name
Highest Daily Lifetime 7 Plus
Company
Rider type
GLWB
DTCC Rider ID
Product policy type
Status
● Terminated
Inception date
Closed date
Aug 24, 2009
Age range
45

The rider provides a guaranteed annual lifetime withdrawal benefit equal to a percentage of the initial benefit base. 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.,The rider provides a death benefit in addition to the base contract death benefit. If 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.