LI
● Active
Lifetime Income Benefit Rider
Modified 8 months ago
DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Oct 25, 2022
Identity
Name
Lifetime Income Benefit Rider
Internal name
Lifetime Income Benefit Rider (CA)
Company
—
Rider type
GLWB
DTCC Rider ID
—
Product policy type
—
Status
● Active
Inception date
Oct 25, 2022
Age range
50 – 80
Benefit description
The rider provides a lifetime stream of income measured by the Benefits Account Value (BAV). BAV is credited over time and grows in with Bonus, Account Value Multiplier, Enhanced Income Payout Factors and an additional Enhanced Death Benefit, to help individuals reach their income goals and meet their lifestyle needs.
Version notes
Rider Introduced