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Variable Annuity
Rider resets
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Nirmala
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IA
● Terminated
i4Life Advantage Guaranteed Income Benefit (Version 3)
Modified over 3 years ago
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DTCC ID
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RIDER TYPE
GMIB
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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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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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Daily
Days
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Years
STEP UP %
STEP UP % BASIS
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Account Value
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NO. OF RESET
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Age
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FORMULA
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Notes
DESCRIPTION
RESET NOTE
Guaranteed Income Benefit will automatically step-up annually equal to 75% of regular income payment, if it results in greater Guaranteed Income Benefit for 5 years. After 5 years owner may elect a new 5 years step-up period.
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