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Variable Annuity
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Nirmala
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4G
● Terminated
4LATER Guaranteed Income Benefit
Modified over 3 years ago
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DTCC ID
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RIDER TYPE
GMIB
COMPANY
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INCEPTION
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Details
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Identity
NAME
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INTERNAL RESET NAME
RIDER TYPE
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GLWB
GMAB
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GMWB
PRODUCT POLICY TYPE
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Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
RESET TYPE
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Dates
INCEPTION DATE
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HAV APPLIES YEARS
NO. OF YEARS
HAV TERM
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Age
Contract Year
Daily
Days
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Years
STEP UP %
STEP UP % BASIS
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Account Value
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Benefit Base
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SIMPLE / COMPOUND
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NO. OF RESET
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Age
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Years
FORMULA
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Notes
DESCRIPTION
RESET NOTE
Guaranteed Income Benefit will automatically step-up equal to 75% of regular income payment, if it results in greater Guaranteed Income Benefit for 15 years. After 15 years owner may elect a new 15 years step-up period.
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