Death Benefit: If the optional Enhanced Death Benefit Rider is not selected, the Death Benefit is equal to the Cash Surrender Value. If owner’s spouse is named as the sole primary beneficiary, they may elect to become the owner of the contract and continue it for the remainder of the term.
Base contract provides zero liquidity. The following optional riders are available to increase liquidity, but will reduce the annual interest rate credited by percentages shown:
Enhanced Death Benefit – 0.10%
Death Benefit equals the Accumulation Value, Surrender Charges and MVA are waived. When elected, the Nursing Home and Terminal Illness Riders are automatically added.
Free Partial Surrender – 0.10%
Penalty free annual withdrawals up to the greater of each years Interest Earnings or Required Minimum Distribution (RMD).