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Variable Annuity
Rider bbes
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Nirmala
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Lifetime Income Benefit Rider with Indexing Income
Modified almost 3 years ago
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DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Feb 01, 2007
Details
BBE
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EEB
Multiplier
Bonus
Vesting
Rollup
Floor
Charge
ABP
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Identity
NAME
*
INTERNAL CASE NAME
RIDER TYPE
*
GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
*
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 Indexing income option, where IAV credits are based on the rate of return of the contract from the previous year.
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
Floor Case Applicable
Reset Applicable
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