Edit PRIME Plus Benefit - Guaranteed Minimum Income Benefit

Identity

COMPANY *

RIDER TYPE *

NAME *

INTERNAL NAME

DTCC RIDER ID *

PRODUCT POLICY TYPE *

Rules & Limits

RIDER SELECT RULE

BASED ON LIFE

MIN AGE

MAX AGE

ELIGIBLE PP

ELIGIBLE PP TERM

MAX BENEFIT BASE

MAX BENEFIT BASE %

WITH REDUCE BENEFIT BASE

FORMULA

Dates

INCEPTION DATE *

CLOSED DATE

State Availability

Exception

Not available in states

Status Flags

Terminated

Exclude Premium Bonus

Single Life

Joint Life

Spousal Continuation Option

Formula Case Available

Notes & Descriptions

BENEFIT DESCRIPTION

Benefit guarantees minimum level of future income regardless of investment performance of underlying investment options, depending upon selected annuity option. Benefit base prior to owner's death or exercising GPWB, if applicable, is equal to - 1) 7% Annual Increase Amount (AIA), 2) Maximum Anniversary Value (MAV), or 3) contract value. If MAV is greater than 7% AIA, benefit base is equal to MAV. If 7% AIA is greater than MAV, owner may decide whether to set benefit base equal to 7% AIA or MAV. 7% AIA at issue is equal to initial purchase, thereafter, increased by purchase payments made and reduced by withdrawals accumulated at 7% annually prior to owner's 80th birthday. 7% AIA may never be more than two times of purchase payments made during first five contract years and guaranteed fixed payout rates are lower and fewer available Annuity Options. MVA at issue is equal to initial purchase payment, thereafter, increased by purchase payments made and reduced by withdrawals. MAV is set equal to highest contract value on any contract anniversary prior to owner's 81st birthday.

RIDER CANCELLATION

RIDER TERMINATION

AVAILABLE WHEN ADDED

SUBSEQUENT PREMIUM

WITHDRAWAL NOTES

PARTIAL WITHDRAWALS

REQUIRED MIN DISTRIBUTIONS

SPOUSAL CONTINUATION OPTION

EFFECT CHANGE OWNERSHIP

OTHER INFO

VERSION NOTES

INTERNAL NOTES

SCRAP BOOK

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