B
Beacon
Data Entry
Variable Annuity
Rider charges
⌘K
N
Nirmala
Signed in as Nirmala
Settings
Sign out
IP
● Active
Income Protector
Modified over 1 year ago
Edit
DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Jul 22, 2009
Details
BBE
Reset
EEB
Multiplier
Bonus
Vesting
Rollup
Floor
Charge
ABP
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 rider charge is an annualized rate that is accrued on a daily basis as a percentage of the benefit base. Issuer calculates the daily rider charge amount beginning on the day after the rider effective date, and deducts it for each quarter.
Case A or C
+ Add Case
Case #
1
✕ Remove
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
In any twelve-month period Issuer cannot increase or decrease the rider charge more than 0.50%.
Fee Increase Option
Benefit Base Impact
Single Life
Joint Life
Case #
2
✕ Remove
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
In any twelve-month period Issuer cannot increase or decrease the rider charge more than 0.50%.
Fee Increase Option
Benefit Base Impact
Single Life
Joint Life
Cancel