1Referred to as the optional Premium Enhancement Rider in the contract. Premium Enhancement Recapture Charge will be assessed on any cumulative withdrawals that exceed the Free Withdrawal Amount, to any annuitization during the first Contract Year, and to Death Benefits during the first contract year, proportionally adjusted to reflect the amount of the Premium Enhancement withdrawn, following the Premium Enhancement Recapture Charge Schedule (state variations apply) Election of the optional Premium Enhancement Rider will result in lower caps, lower participation rates, lower trigger rates, lower fixed interest rates, and higher spreads. Early termination or death will negatively impact the product’s contract values. A Market Value Adjustment may be assessed on the remaining portion of the withdrawal in excess of the Free Withdrawal Amount. Please refer to full product details when available.
2Electing the Premium Enhancement Rider will result in lower Cap Rates and other interest crediting adjustments. There is no guarantee that electing this Rider will result in a higher contract value at the termination of the contract. Not currently available in CA.
3The income benefit is included on date of issue for an annual charge of 1.05% of the Withdrawal Base at the end of each contract year. The Withdrawal Base is a separate numerical value and only used to help determine the amount of future income. It is not available for cash surrender or as a death benefit.
4Withdrawals prior to income activation will eliminate the Deferral Bonuses in the year of withdrawal. Withdrawals prior to activation and those in excess of the guaranteed income will reduce the Withdrawal Base and associated income proportionately to the contract value reduction associated with the excess amount. With the Guaranteed Income Builder Benefit option, your clients will get a consistent 12% of their initial premium (adjusted for withdrawals) added to their Withdrawal Base every year until income activation.
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1Referred to as the optional Premium Enhancement Rider in the contract. Premium Enhancement Recapture Charge will be assessed on any cumulative withdrawals that exceed the Free Withdrawal Amount, to any annuitization during the first Contract Year, and to Death Benefits during the first contract year, proportionally adjusted to reflect the amount of the Premium Enhancement withdrawn, following the Premium Enhancement Recapture Charge Schedule (state variations apply) Election of the optional Premium Enhancement Rider will result in lower caps, lower participation rates, lower trigger rates, lower fixed interest rates, and higher spreads. Early termination or death will negatively impact the product’s contract values. A Market Value Adjustment may be assessed on the remaining portion of the withdrawal in excess of the Free Withdrawal Amount. Please refer to full product details when available.
2Electing the Premium Enhancement Rider will result in lower Cap Rates and other interest crediting adjustments. There is no guarantee that electing this Rider will result in a higher contract value at the termination of the contract. Not currently available in CA.
3The income benefit is included on date of issue for an annual charge of 1.05% of the Withdrawal Base at the end of each contract year. The Withdrawal Base is a separate numerical value and only used to help determine the amount of future income. It is not available for cash surrender or as a death benefit.
4Withdrawals prior to income activation will eliminate the Deferral Bonuses in the year of withdrawal. Withdrawals prior to activation and those in excess of the guaranteed income will reduce the Withdrawal Base and associated income proportionately to the contract value reduction associated with the excess amount. With the Guaranteed Income Builder Benefit option, your clients will get a consistent 12% of their initial premium (adjusted for withdrawals) added to their Withdrawal Base every year until income activation.
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