PRODUCT HIGHLIGHTS
Surrender Charge and Guarantee Period Schedule (May vary by state; all periods may not always be available)
Surrender Charge Schedule for Initial Guarantee Period Years 1 2 3 4 5
6 − − − −
7 − − − −
2-Year 7% 7%
−
− −
− − −
3-Year 7% 7% 7%
4-Year 7% 7% 7% 6%
5-Year 7% 7% 7% 6% 5%
6-Year 7% 7% 7% 6% 5% 4% − 7-Year 7% 7% 7% 6% 5% 4% 3% Surrender Charge Schedule for Renewal Guarantee Periods Years 1 2 3 4 5 6 7 1-Year − − − − − − − 2-Year 6% 6% − − − − − 3-Year 6% 6% 6% − − − − 4-Year 6% 6% 6% 5% − − − 5-Year 6% 6% 6% 5% 4% − − 6-Year 6% 6% 6% 5% 4% 3% − 7-Year 6% 6% 6% 5% 4% 3% 2% Surrender charges and MVA never apply during the one-year guarantee period. As each multi-year guarantee period approaches its end, there is a window period. The window period is the last 30 calendar days of the guarantee period plus the renewal date. During this time, you can decide whether to: • Renew into any available multi-year guarantee period, which is effective on the renewal date. A new surrender charge schedule will apply to withdrawals as compared to the initial guarantee period. Note the MVA would restart at this time as well. • Make a subsequent purchase payment if renewing into a multi-year guarantee period. • Take a partial or full withdrawal (no surrender charge and no MVA). • Fully annuitize the contract value (no surrender charge and no MVA). If no action is taken by the end of the window period, your contract will automatically default into a one-year guarantee period without a surrender charge or MVA. There is a 10 calendar day cancellation option for any multi-year guarantee period renewal and any subsequent purchase payment made. The free withdrawal amount can be withdrawn without a surrender charge or MVA, and is calculated as follows: • During the initial guarantee period: After the first 30 calendar days in your first contract year, you can take a free withdrawal of up to 10% of the initial purchase payment you made. During each subsequent contract year, you can take a free withdrawal of up to 10% of the contract value as of the most recent contract anniversary. • During each multi-year renewal guarantee period: In the first year of your renewal guarantee period, you can take a free withdrawal of up to 10% of the contract value on the renewal date for that multi-year renewal guarantee period. During each subsequent year of the renewal period, you can take a free withdrawal of up to 10% of the contract value as of the most recent anniversary of the last renewal date. Unused free withdrawal amounts cannot be accumulated from year to year.
Window Period
Free Withdrawal Provisions
19
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