WHEN CHARGES APPLY.
We’ve laid out what you can do for free, so it’s only fair that we tell you the circumstances in which charges or changes to your account value would apply.
SURRENDER CHARGE PERIOD WHEN FEES APPLY.
Charges will apply to withdrawals in excess of the free allowed amounts and certain annuitization options during the Surrender Charge Period. The Surrender Charge Period is 10 years in most states and 9 years in California. See the full product guide for details on Withdrawal Charges and Market Value Adjustment.
LONG LIVE YOUR LEGACY.
DEATH BENEFIT Nobody likes to think about it, but everyone has to face it sooner or later. In the event of your death, your beneficiaries will receive a benefit that is equal to the greater of the Account Value or the Minimum Guaranteed Cash Surrender Value, adding to the legacy you’ve built. You will be able to name your beneficiaries during the application process.
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