Surrender charges During the surrender charge period, a surrender charge is assessed on any amount withdrawn, whether as a partial or full surrender, that exceeds the penalty-free amount and may result in a loss of premium. Additional premiums deposited into existing contracts will maintain the surrender charge schedule set forth at contract issue date. Certain payout options may incur a surrender charge and premium bonus recapture (if applicable). Market value adjustments
Premium bonus recapture provision A premium bonus will be credited on premium 1 received during the first three contract years. During the surrender charge period, withdrawals in excess of the penalty-free allowance or a full surrender will incur a premium bonus recapture. This is in addition to any applicable surrender charges and/or market value adjustments. This recapture schedule is set at issue and applies to the total premium bonus. Premium bonus recapture Contract year 10-year 1 100% 2 90% 3 80% 4 70% 5 60% 6 50% 7 40% 8 30% 9 20% 10 10% 11+ 0% Premium bonus recapture state variations
apply during the surrender charge period. Surrender charge schedule Contract year 10-year 1 10% 2 10% 3 9% 4 9% 5 8% 6 8% 7 7% 8 6% 9 4% 10 2% 11+ 0% Surrender charge schedule state variations
10-year AK, CT, DE, HI, ID, IN, MD, MN, MO, MT, NJ, NV, OH, OK, OR, PA, SC, TX, UT, VA, WA
Contract year
10-year AK, CT, DE, HI, ID, IN, MD, MN, MO, MT, NJ, NV, OH, OK, OR, PA, SC, TX, UT, VA, WA
Contract year
1
90% 80% 70% 60% 50% 40% 30% 20% 10%
2 3 4 5 6 7 8 9
1
9%
2 3 4 5 6 7 8 9
8.5% 7.5% 6.5% 5.5% 4.5% 3.5%
3% 2%
10
5%
11+ 0% Premium bonus recapture may vary by state. The premium bonus is not recaptured in the event of death of the annuitant. No premium bonus recapture will occur on any penalty-free withdrawal amount, or under the nursing home confinement waiver. 1. Any additional premium(s) are subject to a maximum additional premium requirement.
10
1%
11+ 0% A surrender during the surrender charge period could result in a loss of premium. Surrender charges may vary by state.
25304Z-1
12
REV 1-24
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