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Variable Annuity
Rider bbes
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GW
● Terminated
Guaranteed Withdrawal Benefit for Life (Converted from GMIB II)
Modified 10 months ago
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DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Jun 10, 2009
Details
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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
Upon conversion of the Guaranteed minimum income benefit to GWBL - Custom selection, benefit base is equal to either account value or the applicable GMIB benefit base, thereafter it will increase or decrease, as: (1) benefit base may be increased on each contract date anniversary; and (2) benefit base is not reduced by withdrawals except those withdrawals that cause total withdrawals in a contract year to exceed withdrawal amount.
BENEFIT BASE — WITHDRAWAL
The withdrawal amount may be withdrawn at any time during the contract year that begins on the Conversion effective date, or any subsequent contract year.
Applicability
Contract Value
Fixed Account Value
Variable Account Value
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Accumulation Value
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