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Variable Annuity
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Nirmala
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Lifetime Income Benefit Rider with Wellbeing benefit
Modified 11 months ago
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DTCC ID
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RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Feb 01, 2007
Details
BBE
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EEB
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ABP
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Identity
NAME
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INTERNAL CASE NAME
RIDER TYPE
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GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
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Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
FORMULA
— None —
Benefit Base
BENEFIT BASE — GENERAL
Initially the IAV is equal to initial premium plus premium bonus (if any), increased by any additional premiums and adjusted for withdrawals, thereafter IAV grows and offers a set intial IAV Rate, declared at issue and guaranteed for 10 years along with that the Wellbeing Benefit helps in address the financial burden related to significant health issues, plus increases the amount of income by an income payment factor, for up to five years, guaranteed for 10 years and available after 2 years enhanced income waiting period.
BENEFIT BASE — WITHDRAWAL
Applicability
Contract Value
Fixed Account Value
Variable Account Value
Indexed Account Value
Accumulation Value
Purchase Payments
Earnings
Rollup Case Applicable
EEB Case Applicable
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Reset Applicable
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