B
Beacon
Data Entry
Variable Annuity
Rider resets
⌘K
N
Nirmala
Signed in as Nirmala
Settings
Sign out
PP
● Terminated
Principal Protector Benefit
Modified 12 months ago
Edit
DTCC ID
—
RIDER TYPE
GLWB
COMPANY
—
INCEPTION
Sep 15, 2003
Details
BBE
Reset
EEB
Multiplier
Bonus
Vesting
Rollup
Floor
Charge
ABP
Edit Rider Reset
Identity
NAME
*
INTERNAL RESET NAME
RIDER TYPE
*
GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
*
Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
RESET TYPE
*
Select reset type
Automatic
Both
Manual
Dates
INCEPTION DATE
*
CLOSED DATE
Reset Details
HAV APPLIES YEARS
NO. OF YEARS
HAV TERM
Select
Age
Contract Year
Daily
Days
Monthly
Months
Quarterly
Semi-Annually
Years
STEP UP %
STEP UP % BASIS
Select
Account Value
Accumulation Value
Benefit Base
Earnings
Fixed Account Value
Indexed Account Value
Interest Bonus
Others
Purchase Payments
Variable Account Value
SIMPLE / COMPOUND
Select
Compound
Simple
NO. OF RESET
RESET TERM
Select
Age
Contract year
Days
Months
Years
FORMULA
— None —
Notes
DESCRIPTION
If no withdrawals are taken in the first five contract years, the applicable percentage to determine withdrawal amount will be automatically reset at no additional charge. The applicable percentage under the 7% GWB Annual withdrawal option will be increased to 10%, and the applicable percentage under the 5% GWB Annual withdrawal option will be increased to 7%. The applicable percentage is automatically reset on fifth contract anniversary, and withdrawal amount will be recalculated.
RESET NOTE
Cancel