Optional additional benefit rider
Return of premium At any time after the third contract anniversary, you may terminate the contract and receive no less than your contract’s net premium paid. The net premium is equal to your initial and subsequent premiums (less any strategy charges if applicable, excluding the ABR rider cost and any premium tax) less any withdrawal amounts you have received (after any surrender charges or interest adjustment). Enhanced penalty-free withdrawals In years where no withdrawals were taken in the previous year, the penalty-free withdrawals can increase to 20% (maximum) of the accumulation value*. If any penalty-free withdrawal is taken during a contract year, the penalty-free allowance available for the following year resets to 10%. *Only available after the second contract year
Add the optional additional benefit rider (ABR) for a cost to gain even more flexibility and an enhanced premium bonus. The ABR can only be elected at product issue. 7% enhanced premium bonus Get an additional 7% premium bonus on top of the base premium bonus on any premiums received in the first three contract years. Products that have premium bonuses or enhanced premium bonuses may offer lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins than products that don’t offer a premium bonus or enhanced premium bonus. Over time and under certain scenarios the amount of the premium bonus may be offset by the lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins. 4% Additional payout benefit (feature not available in all states) If you elect an annuity payout option after the waiting period has elapsed, as shown in the contract, this benefit will be added to your accumulation value.
See example below.
Available penalty-free withdrawal
Penalty-free withdrawal taken
Contract year
1
0%
0% 0%
2
10%
Rider cost is 0.95% of accumulation value at each contract anniversary during the surrender charge period. This rider cost is considered a penalty-free withdrawal, and does not reduce the penalty-free withdrawal available to you. The rider cost, under certain scenarios, may result in loss of premium.
3
20%
5%
4
10%
0%
5
20%
0%
6
20%
0%
29720Y-1
4
REV 12-23
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