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Variable Annuity
Rider bonuses
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Nirmala
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Lifetime Income Benefit Rider
Modified 8 months ago
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DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Oct 25, 2022
Details
BBE
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EEB
Multiplier
Bonus
Vesting
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Floor
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ABP
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Identity
NAME
*
RIDER TYPE
*
GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
*
Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
BONUS TYPE
*
Select bonus type
Benefit Base Bonus
Premium Bonus
Rate Bonus
FORMULA
— None —
INCEPTION DATE
*
Description
BONUS DESCRIPTION
Premiums paid into the contract in first 12 months, receives a BAV Bonus. This bonus amount immediately increases the Benefits Account Value, which is used to calculate lifetime income payments and benefits.
Applicability
Account Value
Benefit Base
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Case #
1
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NAME
*
INTERNAL CASE NAME
RIDER TYPE
*
GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
INCEPTION DATE
*
PERCENTAGE
BONUS ELIGIBILITY
BONUS BEGIN YEAR
BONUS END YEAR
MIN PURCHASE PAYMENT
MAX PURCHASE PAYMENT
MIN CONTRACT VALUE
MIN AGE
MAX AGE
Cumulative Based
CASE DESCRIPTION
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