GLWB rider termination We understand that your needs may change. That’s why you have the option to terminate this rider at any time. However, terminating this rider forfeits access to the GLWB value, LPA, LPA reserve, and LPA multiplier features. Termination of the rider will not automatically terminate the contract. Once terminated, this rider cannot be reinstated and you will not
• Upon divorce, to the extent the provisions of the divorce decree violate the ownership requirements of this rider; OR • On the date the contract to which this rider is attached terminates; OR • When you give us written notice requesting termination of this rider. Surrender charges During the surrender charge period, a surrender charge is assessed on any amount withdrawn, as partial or full surrender, that exceeds the available penalty-free amount. A surrender charge may result in a loss of premium. Electing an annuity payout option before the end of the surrender charge period may cause you to incur a surrender charge. A surrender during the surrender period could result in a loss of premium. Surrender charges may vary by state Surrender charge schedule Surrender charges vary by state.
be reimbursed for charges previously incurred. The Income Pay Pro GLWB rider will terminate:
• Upon change of ownership under the contract, unless pursuant to the spousal continuance provisions of the contract and this rider; OR • Upon payment of a death benefit under the contract to which this rider is attached; OR • Upon death of covered person(s) during settlement phase such that a covered person is no longer living; OR • On the maturity date of the contract; OR • Upon the date annuity payments begin under the contract; OR • On the date the contract accumulation value, the GLWB value, and the LPA all equal zero; OR
AL, AZ, AR, CO, DC, GA, IA, KS, KY, ME, MI, MT, NE, NM, NC, ND, RI, SD, TN, VT, WV, WI, WY, FL, IN, MS
AK, CT, DE, HI, ID, IL, LA MA, MD, MN, MO, NH, NJ, NV, OH, OK, OR, PA, SC, TX, UT, VA, WA
CA
Contract year
1
7.50%
9.0%
10%
2
10%
6.70%
8.5%
3
9%
6.50%
7.5%
4
9%
5.50%
6.5%
5
8%
4.55%
5.5%
6
8%
3.55%
4.5%
7
7%
2.55%
3.5%
8
6%
1.50%
3.0%
9
4%
0.50%
2.0%
10
2%
0.44%*
1.0%
0%
0%
0%
11+
*0.44% at beginning of year 10, decreases by 0.04% each month until 0% for 12th month
35405Z
17
REV 1-24
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