EstateShield 9 Market Value Adjustments (MVA) and Surrender Charge Schedule
Market Value Adjustment (MVA) This product contains an MVA Rider. An MVA may increase or decrease the amount of a withdrawal in excess of the Free Withdrawal amount or the Surrender Value. The MVA does not apply to Free Withdrawals, any Death Benefit, the
MGSV, or any distributions occurring after the Surrender Charge Period has ended. In general, as the MVA Index increases, Cash Surrender Values decrease. As the MVA Index decreases, Cash Surrender Values increase.
Surrender Values and Charges The annuity’s Surrender Value will never be less than 87.5% of the premium received, less any withdrawals, accumulated at the minimum guaranteed interest rate. If a Partial Withdrawal above the Free Withdrawal or a Surrender is taken during the Surrender Charge period, a deduction will be taken out according to the Surrender Charge schedule.
Surrender Charge Schedule (Age 40-75)
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9 10+
Contract Year
8% 8% 7% 6% 5% 4% 3% 2% 1% 0%
EstateShield 9
9
EstateShield 9
9
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