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Variable Annuity
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Nirmala
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CP
● Terminated
Capital Preservation Plus Lifetime Income - GMWB
Modified 11 months ago
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DTCC ID
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RIDER TYPE
GLWB
COMPANY
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INCEPTION
Mar 01, 2005
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Fixed Annuity
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FORMULA
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Benefit Base
BENEFIT BASE — GENERAL
During the Preservation Phase, the CPPLI Option provides a return of principal guarantee at the end of each CPP Program Period: Contract Value at the end of the CPP Program Period will be no less than Contract Value at the beginning of the CPP Program Period, regardless of market performance. Note, however, that surrenders and Contract Maintenance Charges that are deducted from the contract during the CPP Program Period will proportionally reduce the value of the guarantee for that CPP Program. Owner may elect one Options at the End of a CPP Program Period from: 1) Remaining in the Preservation Phase of the CPPLI Option, 2) Moving into the Withdrawal Phase of the CPPLI Option, or 3) Terminating the CPPLI Option.
BENEFIT BASE — WITHDRAWAL
During any CPP Program, the Contract Owner can invoke the immediate withdrawal benefit and begin taking withdrawals of up to 6% of the immediate withdrawal base annually until the remaining immediate withdrawal base is exhausted.
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