PRIME Plus Benefit - Guaranteed Partial Withdrawal Benefit

Guaranteed Partial Withdrawal Benefit is part of PRIME Plus Benefit. The GPWBs provide a guaranteed minimum amount of level income in the form of annual partial withdrawals (GPWB Payments). GPWB Payments are not guaranteed for life.

Once the GPWB is exercised, it cannot be cancelled. However, Owner can terminate the GPWB by electing to stop GPWB payments and instead do one of the following 1) Take an Excess Withdrawal of the entire Contract Value, 2) Request Traditional Annuity Payments under a Full Annuitization based on the entire Contract Value, 3) Request Annuity Payments under a Full Annuitization based on the remaining GPWB value. If owner does not elect to stop GPWB Payments :- 1) GPWB will terminate, 2) the Accumulation Phase of the Contract will end, 3) the GMDB will terminate, and 4) if Annuity Payments are requested, that portion of the Contract will terminate, The Annuity Phase.