5% Premium Bonus Each premium payment in the first Policy Year receives a premium Bonus Percentage of 5%, but this bonus is not immediately available to you for partial withdrawal or full surrender. The full Bonus Value is immediately available to you for the purpose of your death benefit, beginning in the first Policy Year. If you take a partial withdrawal or fully surrender your policy, the Bonus Value is only available based on the 10 year Bonus Vesting Schedule described in more detail to the right. Your Bonus Value is vested 5% at the end of year 1, 10% at the end of year 2, and further as described in the Bonus Vesting Schedule chart to the right. At the end of Policy Year 10, the full Bonus Value will be available. Note that all vesting occurs at the end of the Policy Year.
Bonus Vesting Schedule
End of Policy Year
Vesting Percentage
1
5%
2
10%
3
15%
4
20%
5
30%
6
40%
7
50%
8
60%
Hypothetical Bonus Vesting Schedule Examples
9
70%
10
100%
Example 1 - Vested Bonus Value available at the end of Policy Year 1 Example 2 - Vested Bonus Value available at the end of Policy Year 5 Example 3 - Vested Bonus Value available at the end of Policy Year 9 Example 4 - Vested Bonus Value available at the end of Policy Year 10 Example 5 - Bonus Value available in all Policy Years upon death of the Annuitant before the Annuity Date
Premium $100,000 Vested Bonus Value $250
Note: These Hypothetical Bonus Vesting Schedule examples are strictly hypothetical and intended only to illustrate the way in which the Bonus Vesting Schedule operates and assume no withdrawals, loans, surrenders, exercise of a withdrawal benefit rider or other applicable riders, rider charges, interest credits, etc. Assumes a 5% bonus. The Bonus Value is available for partial withdrawals or full surrender subject to the Bonus Vesting Schedule. Any withdrawals in excess of withdrawals taken without a Withdrawal Charge are subject to withdrawal charges as specified in the Policy and will reduce your Bonus Value. Please see your Policy for further detail regarding the calculation of your bonus.
Premium $100,000 Vested Bonus Value $1,500
Premium $100,000 Vested Bonus Value $3,500
Premium $100,000 Vested Bonus Value $5,000
Premium $100,000 Bonus Value $5,000
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