The Annual Withdrawal Amount (AWA) is a hypothetical value until the Income Start Date. The AWA is determined by multiplying the Withdrawal Benefit Base by the applicable Lifetime Withdrawal Percentage. The AWA is not cumulative, i.e., if you do not take the full withdrawal amount in one year, the amount not withdrawn does not carry over to increase the AWA in future years. You must wait a minimum of 1 year before turning on lifetime income and must be at least 50 years of age.

The GLWB Premium Bonus Rate is only applicable when the Ready Growth Strategy is elected. It is multiplied by any premium received in the first contract year and added to the GLWB Withdrawal Benefit Base. It is not applied to the annuity contract’s account value.

The Withdrawal Benefit Base is the amount used to determine the AWA. It is equal to your initial premium payment, decreased by Early or Excess withdrawals, and increased by any additional premium payments made within the first year and any applicable bonuses, performance credits, and step-ups. The Withdrawal Benefit Base is NOT a cash value, surrender value, or death benefit. It is not available for withdrawal.

The Lifetime Withdrawal Percentage is the rate, based on the age of the Covered Person, that is applied to the Withdrawal Benefit Base to calculate the AWA. For Single Life coverage, the Lifetime Withdrawal Percentage is based on the age of the contract owner on the Income Start Date. For Joint Life/spousal coverage, the rate is based on the youngest spouse’s age on the Income Start Date. The is the rate used in determining increases to the Withdrawal Benefit Base during the Roll-up Bonus Period. The Roll-up Bonus Period is in effect until the earlier of the Income Start Date or 10 years from issue.

The Roll-up Bonus Rate is the rate used in determining increases to the Withdrawal Benefit Base during the Roll-up Bonus Period. The Roll-up Bonus Period is in effect until the earlier of the Income Start Date or 10 years from issue.

The Performance Income Multiplier Rate is only applicable when the Rising Income Strategy is elected. Each year after the Income Start Date, the Withdrawal Benefit Base is multiplied by a percentage based on the percentage of interest credited to the Account Value, multiplied by a 100% Performance Multiplier Rate. This determines the amount of performance-based interest that is added to the Withdrawal Benefit Base.

The GLWB fee (1.20%) is calculated based on the benefit base, charged at the contract anniversary, and deducted proportionately from the account value. The rider fee percentage is set at issue and guaranteed for 10 years. After the 10th contract anniversary, we may increase the annual rider fee on any anniversary, but it will never exceed the maximum rider fee of 1.95%.