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Beacon
Data Entry
Variable Annuity
Rider charges
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Nirmala
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GW
● Terminated
Guaranteed Withdrawal Benefit for Life (Converted from GMIB II)
Modified over 3 years ago
Edit
DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Feb 19, 2013
Details
BBE
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Edit Rider Charge
Identity
NAME
*
INTERNAL CHARGE CASE NAME
RIDER TYPE
*
GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
*
Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
INCEPTION DATE
*
Details
CLOSED DATE
CRITERION
Select
Age at First Withdrawal
Age at issue
Attained Age
Duration
Gender
Others
DESCRIPTION
The charge is calculated as a percentage of GWBL benefit base deducted annually on each contract date anniversary for which the benefit is in effect.
Case A or C
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Case #
1
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RIDER TYPE
*
GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
*
Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
CHARGE BASIS TYPE
*
Account Value
Accumulation Value
Benefit Base
Earnings
Fixed Account Value
Indexed Account Value
Interest Bonus
Others
Purchase Payments
Variable Account Value
CHARGE FREQUENCY
*
Select
Annually
Approved By Issuer
Bi-Monthly
Contract Anniversary
Daily
Monthly
Others
Quarterly
Requested
Semi-Annually
DEDUCTED WHEN
Annually
Approved By Issuer
Bi-Monthly
Contract Anniversary
Daily
Monthly
Others
Quarterly
Requested
Semi-Annually
CURRENT CHARGE
MAX CHARGE
BEGIN YEAR
END YEAR
CHARGE TERM
Select
Age
Contract year
Days
Months
Years
SIMPLE / COMPOUND
Select
Compound
Simple
FORMULA
— None —
BENEFIT BASE REDUCE
Select
Dollar for Dollar
Proportionally
FEE INCREASE DESCRIPTION
Fee Increase Option
Benefit Base Impact
Single Life
Joint Life
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