*Partial withdrawals includes Required Minimum Distributions and any other type of withdrawals. In every year a partial withdrawal is taken no roll up is credited to the Withdrawal Base. Annual Roll up stops once income is activated.
1The income benefit is included on date of issue for an annual charge of 1.20% of the Withdrawal Base at the end of each contract year. The Withdrawal Base is a separate numerical value and only used to help determine the amount of future income. It is not available for cash surrender or as a death benefit. Withdrawals prior to income activation will eliminate the Deferral Bonuses in the year of withdrawal. Withdrawals prior to activation and those in excess of the guaranteed income will reduce the Withdrawal Base and associated income proportionately to the contract value reduction associated with the excess amount. With the Guaranteed Income Builder Benefit option, your clients will get a consistent 15% of their initial premium (adjusted for withdrawals) added to their Withdrawal Base for 20 years, or until your client starts taking income-whichever comes first. The Guaranteed Income Builder Benefit is one of two Withdrawal Base growth options to choose from at issue. An additional growth option, Income Multiplier Benefit, which is 3x the interest credits during deferral and 1x the interest credits after activation, during a bonus period, is also available. Withdrawal Base stops growing after income benefit activation for the Guaranteed Income Builder Benefit option. The Withdrawal Base is used to determine the withdrawal benefit and is not available for cash surrender or as a death benefit.
