PRIME PLUS BENEFIT RIDER
--------------------------------------------------------------------------------
This rider forms a part of the Base Contract to which it is attached and is
effective as of the Rider Effective Date. If you selected the PRIME Plus Benefit
on your contract application at contract issue, the Rider Effective Date is the
Issue Date. If you add the PRIME Plus Benefit after the Issue Date, the Rider
Effective Date is listed on the Contract Schedule Addendum. In the case of a
conflict with any provision in the Base Contract, the provisions of this rider
will control. Defined terms and contractual provisions are set forth in the Base
Contract or are added in this rider. This rider will terminate and be removed
from the Base Contract as indicated in the CONDITIONS FOR TERMINATION OF THIS
RIDER section.
--------------------------------------------------------------------------------
The purpose of this rider is to provide a package of optional benefits designed
to turn your accumulated retirement assets into a stream of retirement income.
The PRIME Plus Benefits are the Guaranteed Minimum Income Benefit and the
Guaranteed Partial Withdrawal Benefit.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
ACRONYMS
--------------------------------------------------------------------------------
ACRONYMS Acronyms used in this rider follow.
AIA Annual Increase Amount
GMIB Guaranteed Minimum Income Benefit
GPWB Guaranteed Partial Withdrawal Benefit
PB VALUE PRIME Plus Benefit Value
MAV Maximum Anniversary Value
--------------------------------------------------------------------------------
GUARANTEED MINIMUM INCOME BENEFIT
--------------------------------------------------------------------------------
GMIB BENEFIT
This benefit provides for a guaranteed minimum amount of fixed income in
the form of fixed Annuity Payments, called GMIB Payments, during the
Annuity Phase. The GMIB does not create Contract Value or guarantee the
performance of any variable Investment Options.
GMIB PAYMENTS
The GMIB guarantees that Annuity Payments will be equal to the greater of
(a) or (b), where:
(a) equals fixed Traditional Annuity Payments based on Annuity Payment
rates declared by us on the Income Date applied to the Adjusted
Contract Value; or
(b) equals GMIB Payments based on the guaranteed fixed Annuity Payment
rates, as defined in the Annuity Options section of this Rider,
applied to the PB Value.
Under the GMIB you can take either a Full Annuitization, or before you
exercise the GPWB, you can take Partial Annuitization(s) if the PB Value is
greater than the Contract Value. Once you exercise the GMIB you cannot
elect to terminate GMIB Payments.
If you take a Partial Annuitization under the GMIB you cannot:
(a) transfer amounts allocated to GMIB Payments back to any portion of the
contract that is in the Accumulation Phase;
(b) transfer amounts from one Annuity Payment stream to another; or
(c) allocate additional PB Value, or Contract Value, to an existing stream
of Annuity Payments.
We will reduce the Contract Value proportionately by the percentage of PB
Value applied to any Partial Annuitization you take.
S40730 1
--------------------------------------------------------------------------------
GUARANTEED MINIMUM INCOME BENEFIT (CONTINUED)
--------------------------------------------------------------------------------
EXERCISING THE GMIB
To begin GMIB Payments, you must make an Authorized Request within 30 days
following a Contract Anniversary beginning with the Contract Anniversary
following the Waiting Period shown on the Contract Schedule or Contract
Schedule Addendum, if applicable.
CONDITIONS FOR TERMINATION OF THE GMIB
If you have not exercised the GMIB, the GMIB will terminate upon the
earliest of the following:
(a) The termination of the Base Contract.
(b) The Business Day before the Income Date that you take a Full
Annuitization and request Traditional Annuity Payments.
(c) The Business Day the PB Value and the Contract Value are both zero.
(d) The death of any Owner unless the deceased Owner's spouse continues
the contract as the new Owner.
(e) The termination of this rider.
If you have us make GMIB Payments, each portion of the contract that you
apply to GMIB Payments will terminate upon the earliest of the following:
(a) Under a life only Annuity Option, or a joint and last survivor only
Annuity Option, the death of the last surviving Annuitant.
(b) Under a life with payments guaranteed Annuity Option, or a joint and
last survivor with payments guaranteed Annuity Option, the death of
the last surviving Annuitant and expiration of the guaranteed period,
or payment of the lump sum payment of remaining guaranteed Annuity
Payments.
(c) Under the refund life Annuity Option, the death of the Annuitant and
payment of any lump sum refund.
(d) Under the Period Certain Annuity Option listed in this Rider, the
expiration of the specified period certain.
(e) The termination of this rider.
(f) The termination of the Base Contract.
--------------------------------------------------------------------------------
GUARANTEED PARTIAL WITHDRAWAL BENEFIT
--------------------------------------------------------------------------------
GPWB BENEFIT
This benefit provides for a guaranteed minimum amount of income in the form
of partial withdrawals, called GPWB Payments, during the Accumulation
Phase. We make GPWB Payments under a 5% payment option or a 10% payment
option that you select.
GPWB PAYMENTS
If you exercise the GPWB each GPWB Payment for the Contract Year is equal
to the annual GPWB Payment divided by the number of payments you selected,
until the PB Value is less than the GPWB Payment amount. Once the PB Value
is less than the GPWB Payment amount you will receive one last GPWB Payment
that will be equal to the remaining PB Value.
You select the amount of the GPWB Payment subject to the Minimum Initial
GPWB Payment and the GPWB Maximum shown on the Contract Schedule.
GPWB Payments are non-cumulative. If you elect to receive an annual GPWB
Payment that is less than the GPWB Maximum in a given Contract Year, the
difference will not carry over to the next Contract Year.
You can continue to receive GPWB Payments until the PB Value is exhausted,
or the GPWB terminates, even if the Contract Value is zero.
S40730 2
--------------------------------------------------------------------------------
GUARANTEED PARTIAL WITHDRAWAL BENEFIT (CONTINUED)
--------------------------------------------------------------------------------
GPWB PAYMENTS (CONTINUED)
Once each Contract Year you can elect to do one or more of the following:
(a) change the frequency of the following year's GPWB Payments.
(b) change the amount of the following year's GPWB Payments.
(c) stop GPWB Payments for the following year.
(d) stop GPWB Payments completely and have us make GMIB Payments under a
Full Annuitization based on the entire remaining PB Value.
(e) stop GPWB Payments completely and take an Excess Withdrawal of the
entire Adjusted Contract Value.
(f) stop GPWB Payments completely and have us make Traditional Annuity
Payments under a Full Annuitization based on the entire Adjusted
Contract Value.
For options (a) through (c) your requested change must be provided in good
order to our Service Center at least 30 days before the Contract
Anniversary. The change will be effective on the Contract Anniversary and
will remain in effect for the entire following Contract Year. Options (d)
through (f) are available at any time and will be effective when you make
an Authorized Request.
Excess Withdrawals will not affect the GPWB Payment amount or frequency,
but they may decrease the time over which you will receive GPWB Payments.
If you request an Excess Withdrawal while receiving GPWB Payments, you can
instruct us to stop the GPWB Payments remaining for that Contract Year at
the time you request the Excess Withdrawal.
GPWB Payments are not subject to withdrawal charges unless you have taken
an Excess Withdrawal and exhaust the GPWB Maximum for the Contract Year.
GPWB STEP UP
If you take GPWB Payments under the 5% payment option, on each third
Contract Anniversary after you exercise the GPWB and before the older
Owner's 91st birthday we will increase the PB Value to be equal to the
Contract Value if that amount is greater than the remaining PB Value.
If we step up the PB Value the new GPWB Maximum will be equal to the
greater of:
(a) the GPWB Maximum we previously calculated; or
(b) 5% of the stepped-up PB Value.
GPWB step ups are not available if you take GPWB Payments under the 10%
option.
GPWB step ups are not available after the older Owner reaches age 91.
CONTRACT VALUE UNDER THE GPWB
Once you exercise the GPWB, the Contract Value decreases with each Payment
and any Excess GPWB Withdrawals including applicable withdrawal charges.
GPWB Payments are deducted proportionately from the Investment Options.
The Contract Value continues to be available for withdrawals, Annuity
Payments, and payment of the death benefit and it will continue to
fluctuate as a result of Investment Option performance. If there is
Contract Value remaining after the PB Value reaches zero, you can elect to
either:
(a) receive a lump sum payment of the remaining Adjusted Contract Value,
less any deduction we make for withdrawal charges; or
(b) have us make Traditional Annuity Payments based on the remaining
Adjusted Contract Value.
S40730 3
--------------------------------------------------------------------------------
GUARANTEED PARTIAL WITHDRAWAL BENEFIT (CONTINUED)
--------------------------------------------------------------------------------
EXERCISING THE GPWB
To begin GPWB Payments, you must make an Authorized Request within 30 days
following a Contract Anniversary, beginning with the Contract Anniversary
following the Waiting Period shown on the Contract Schedule or Contract
Schedule Addendum, if applicable.
If you exercise the GPWB you can no longer take Partial Annuitizations.
CONDITIONS FOR TERMINATION OF THE GPWB
The GPWB will terminate upon the earliest of the following.
(a) The termination of this rider.
(b) The termination of the Base Contract.
(c) The Business Day before the Income Date if you take a Full
Annuitization.
(d) The Business Day you take an Excess Withdrawal of all remaining
Contract Value.
(e) The Business Day the PB Value and the Contract Value are both zero.
(f) The death of any Owner unless the deceased Owner's spouse continues
the Base Contract as the new Owner.
--------------------------------------------------------------------------------
PRIME PLUS BENEFIT VALUE
--------------------------------------------------------------------------------
PB VALUE CALCULATION
The PB Value before the date of your death or exercise of the GPWB is equal
to one of the following:
(a) The AIA;
(b) The MAV; or
(c) The Contract Value.
If you exercise the GMIB the PB Value is equal to the MAV if it is greater
than the AIA. However, if the AIA is greater than the MAV you can decide
whether to set the PB Value equal to the AIA or the MAV.
If you exercise the GPWB and select the 5% payment option the PB Value is
equal to the greater of the MAV, the AIA, or the Contract Value as of the
most recent Contract Anniversary, less any withdrawals and adjusted for any
Partial Annuitizations taken since that Contract Anniversary. If you
exercise the GPWB and select the 10% payment option the PB Value is equal
to the greater of the MAV or the Contract Value as of the most recent
Contract Anniversary, less any withdrawals and adjusted for any Partial
Annuitizations taken since that Contract Anniversary.
After you take a GMIB Partial Annuitization the AIA and MAV will decrease,
but will continue to be calculated. After you take a GMIB Full
Annuitization or exercise the GPWB and establish a PB Value, the AIA and
MAV cease to exist. After you exercise the GPWB, the PB Value will continue
to be calculated as follows:
If you exercise the GPWB and elect the 5% payment option, the PB Value will
only increase after you begin receiving GPWB Payments as a result of any
step ups. If you exercise the GPWB and elect the 10% payment option the PB
Value will stop increasing on the date you begin receiving GPWB Payments.
In addition, if you exercise the GPWB the PB Value will decrease:
(a) on a dollar for dollar basis for each withdrawal (GPWB Payments and
Excess Withdrawals) taken that does not exceed the GPWB Maximum,
(b) proportionately by the percentage of any Contract Value taken as a
withdrawal (GPWB Payments and Excess Withdrawals), including any
withdrawal charge, for each withdrawal taken that exceeds the GPWB
Maximum.
If you exercise the GPWB and later take a Full Annuitization the PB Value
will decrease to zero.
S40730 4
--------------------------------------------------------------------------------
MAXIMUM ANNIVERSARY VALUE
--------------------------------------------------------------------------------
MAXIMUM ANNIVERSARY VALUE
If the Rider Effective Date is the Issue Date, the MAV on the Rider
Effective Date is equal to the initial Purchase Payment, not including any
applicable bonus, received on the Issue Date. If the Rider Effective Date
occurs after the Issue Date, the MAV on the Rider Effective Date is
initially equal to the Contract Value on the Rider Effective Date.
On each Business Day other than a Contract Anniversary, the MAV is equal
to:
(a) its value on the immediately preceding Business Day,
(b) plus any additional Purchase Payments, not including any applicable
bonus, received that day,
(c) reduced proportionately by the percentage of any Contract Value taken
as a withdrawal that day, including any withdrawal charge,
(d) reduced proportionately by the percentage of any Contract Value
applied to Traditional Annuity Payments under a Partial Annuitization
that day,
(e) reduced by the dollar amount applied to GMIB Payments under a Partial
Annuitization based on the MAV taken that day, and
(f) reduced proportionately by the percentage of the AIA applied to GMIB
Payments under a Partial Annuitization based on the AIA taken that
day.
On each Contract Anniversary before the older Owner's 81st birthday, the
MAV is equal to the greater of its value on the immediately preceding
Business Day, or the Contract Value that occurs on that Contract
Anniversary before we process any transactions. We then process any
transactions we received on that Contract Anniversary (such as withdrawals
and Partial Annuitizations) in the same way that we do on each Business Day
other than a Contract Anniversary.
On every Contract Anniversary on or after the older Owner's 81st birthday,
we calculate the MAV in the same way that we do on each Business Day other
than a Contract Anniversary.
--------------------------------------------------------------------------------
ANNUAL INCREASE AMOUNT
--------------------------------------------------------------------------------
ANNUAL INCREASE AMOUNT
If the Rider Effective Date is the Issue Date, the AIA on the Rider
Effective Date is equal to the initial Purchase Payment, not including any
applicable bonus, received on the Issue Date. If the Rider Effective Date
occurs after the Issue Date, the AIA on the Rider Effective Date is equal
to the Contract Value on the Rider Effective Date. If you reset the AIA,
the AIA on the Reset Anniversary is equal to the Contract Value on the
Reset Anniversary.
On each Business Day other than a Contract Anniversary, the AIA is equal
to:
(a) its value on the immediately preceding Business Day,
(b) plus any additional Purchase Payments, not including any applicable
bonus, received that day,
(c) reduced proportionately by the percentage of any Contract Value taken
as a withdrawal that day, including any withdrawal charge,
(d) reduced proportionately by the percentage of any Contract Value
applied to Traditional Annuity Payments under a Partial Annuitization
that day,
(e) reduced by the dollar amount applied to GMIB Payments under a Partial
Annuitization based on the AIA taken that day, and
(f) reduced proportionately by the percentage of the MAV applied to GMIB
Payments under a Partial Annuitization based on the MAV taken that
day.
S40730 5
--------------------------------------------------------------------------------
ANNUAL INCREASE AMOUNT (CONTINUED)
--------------------------------------------------------------------------------
ANNUAL INCREASE AMOUNT (CONTINUED)
On each Contract Anniversary before the older Owner's 81st birthday, the
AIA is the product of [1.07] times its value on the immediately preceding
Business Day. We then process any transactions received on that Contract
Anniversary (such as withdrawals and Partial Annuitizations) in the same
way that we do on each Business Day other than a Contract Anniversary.
On every Contract Anniversary on or after the older Owner's 81st birthday,
we calculate the AIA in the same way that we do on each Business Day other
than a Contract Anniversary.
AIA CAP
The AIA will never be greater than the AIA Cap.
If the Rider Effective Date is the Issue Date, the AIA Cap on the Rider
Effective Date is equal to two times the initial Purchase Payment, not
including any applicable bonus, received on the Issue Date. If the Rider
Effective Date occurs after the Issue Date, the AIA Cap on the Rider
Effective Date is equal to two times the Contract Value on the Rider
Effective Date. If you reset the AIA, the AIA Cap on the Reset Anniversary
is equal to two times the Contract Value on the Reset Anniversary.
On each Business Day after that, the AIA Cap is equal to:
(a) its value on the immediately preceding Business Day,
(b) plus two times any additional Purchase Payments, not including any
applicable bonus, received that day,
(c) reduced proportionately by the percentage of any Contract Value taken
as a withdrawal that day, including any withdrawal charge,
(d) reduced proportionately by the percentage of any Contract Value
applied to Traditional Annuity Payments under a Partial Annuitization
that day, and
(e) reduced proportionately by the percentage of the PB Value applied to
GMIB Payments under a Partial Annuitization that day.
AIA RESET
AIA resets are available once per Contract Year before the older Owner's
80th birthday and before you exercise the GPWB or GMIB. To reset the AIA
you must make an Authorized Request within 30 days following a Contract
Anniversary, and the Contract Value on the Reset Anniversary must exceed
the AIA on the Reset Anniversary. We will effect the reset as of the Reset
Anniversary.
If the Mortality and Expense Risk Charge for this rider has changed between
the Rider Effective Date and the Reset Anniversary, we will change your
Mortality and Expense Risk Charge to equal the charge declared by us on the
Reset Anniversary. We will send you a Contract Schedule Addendum showing
the change.
If you reset the AIA you must wait to exercise the GMIB or GPWB until after
the expiration of the Waiting Period shown on the Contract Schedule, or
Contract Schedule Addendum.
The AIA reset is not available:
(a) if the Contract Value on the Reset Anniversary is less than the AIA,
(b) after you exercise the GPWB or GMIB,
(c) after you take a Full Annuitization, or
(d) on or after the older Owner's 80th birthday.
S40730 6
--------------------------------------------------------------------------------
ANNUITY OPTIONS
--------------------------------------------------------------------------------
AVAILABLE ANNUITY OPTIONS
If the PB Value is the AIA, the fixed Annuity Options that are available
upon exercise of the GMIB are Annuity Options 2 and 4, described in the
Base Contract, with monthly payments over at least 10 years.
If the PB Value is the MAV the fixed Annuity Options that are available
upon the exercise of the GMIB are Annuity Options 1 through 5 described in
the Base Contract and the Period Certain Annuity Option specified in this
rider.
TABLES OF GMIB PAYMENTS
The following tables show the guaranteed amount of the GMIB Payment for
each $1,000 of PB Value applied under a fixed Annuity Option. The tables
are based on an interest rate of 1% per year and the 1983(a) Individual
Mortality Table with mortality improvement projected 32 years using
Mortality Projection Scale G. Guaranteed period rates will be provided upon
request for Ages not shown.
--------------------------------------------------------------------------------------------
GUARANTEED MONTHLY GMIB PAYMENT PER $1,000 OF PB VALUE
--------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------
FIXED PAYOUTS
--------------------------------------------------------------------------------------------
--------------- ----------------------------------------------------------------------------
OPTION 2
--------------- ----------------------------------------------------------------------------
--------------- ------------------- ------------------ ------------------- -----------------
GUARANTEED GUARANTEED GUARANTEED PERIOD GUARANTEED
ANNUITANT'S
AGE ON THE PERIOD OF 10 PERIOD OF 20
INCOME DATE PERIOD OF 5 YEARS YEARS OF 15 YEARS YEARS
--------------- ------------------- ------------------ ------------------- -----------------
--------------- --------- --------- -------- --------- --------- --------- -------- --------
M F M F M F M F
--------------- --------- --------- -------- --------- --------- --------- -------- --------
--------------- --------- --------- -------- --------- --------- --------- -------- --------
30 2.01 1.87 2.00 1.87 2.00 1.87 2.00 1.87
--------------- --------- --------- -------- --------- --------- --------- -------- --------
--------------- --------- --------- -------- --------- --------- --------- -------- --------
40 2.34 2.15 2.34 2.15 2.33 2.15 2.32 2.14
--------------- --------- --------- -------- --------- --------- --------- -------- --------
--------------- --------- --------- -------- --------- --------- --------- -------- --------
50 2.84 2.56 2.83 2.56 2.81 2.55 2.78 2.54
--------------- --------- --------- -------- --------- --------- --------- -------- --------
--------------- --------- --------- -------- --------- --------- --------- -------- --------
60 3.65 3.22 3.62 3.21 3.54 3.18 3.41 3.12
--------------- --------- --------- -------- --------- --------- --------- -------- --------
--------------- --------- --------- -------- --------- --------- --------- -------- --------
70 5.09 4.38 4.89 4.30 4.55 4.14 4.11 3.88
--------------- --------- --------- -------- --------- --------- --------- -------- --------
--------------- --------- --------- -------- --------- --------- --------- -------- --------
80 7.60 6.61 6.67 6.10 5.53 5.31 4.53 4.47
--------------- --------- --------- -------- --------- --------- --------- -------- --------
--------------- --------- --------- -------- --------- --------- --------- -------- --------
90 11.57 10.67 8.27 8.05 5.96 5.93 4.59 4.59
--------------- --------- --------- -------- --------- --------- --------- -------- --------
-----------------------------------------------------------------------------------------------------------------------------
OPTION 3
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
LIFE ONLY
------------------------------ ----------------------------------------------------------------------------------------------
FEMALE ANNUITANT'S AGE ON THE INCOME DATE
------------------------------ ----------------------------------------------------------------------------------------------
------------------------------ ------------ ------------- ------------- ------------ ------------- ------------- ------------
30 40 50 60 70 80 90
------------------------------ ------------ ------------- ------------- ------------ ------------- ------------- ------------
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
MALE 30 1.77 1.88 1.94 1.98 2.00 2.00 2.00
ANNUITANT'S
AGE ON THE
INCOME DATE
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
40 1.83 2.01 2.16 2.26 2.31 2.33 2.34
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
50 1.85 2.09 2.35 2.59 2.74 2.81 2.84
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
60 1.87 2.13 2.47 2.89 3.28 3.52 3.63
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
70 1.87 2.14 2.53 3.09 3.82 4.52 4.95
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
80 1.87 2.15 2.55 3.18 4.18 5.59 6.95
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
90 1.87 2.15 2.56 3.21 4.34 6.35 9.35
---------------- ------------- ------------- ------------ ------------- ------------ ------------- ------------- ------------
S40730 7
--------------------------------------------------------------------------------
ANNUITY OPTIONS (CONTINUED)
--------------------------------------------------------------------------------
------------------------------------------------------------------------------------
GUARANTEED MONTHLY GMIB PAYMENT PER $1,000 OF PB VALUE
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
FIXED PAYOUTS
------------------------------------------------------------------------------------
----------------- -------------------------------- ---------------------------------
ANNUITANT'S AGE OPTION 1 OPTION 5
ON THE INCOME
DATE
----------------- -------------------------------- ---------------------------------
----------------- -------------------------------- ---------------------------------
LIFE REFUND LIFE
----------------- -------------------------------- ---------------------------------
----------------- ---------------- --------------- ---------------- ----------------
M F M F
-----------------
----------------- ---------------- --------------- ---------------- ----------------
30 2.01 1.87 1.94 1.84
----------------- ---------------- --------------- ---------------- ----------------
----------------- ---------------- --------------- ---------------- ----------------
40 2.34 2.15 2.21 2.08
----------------- ---------------- --------------- ---------------- ----------------
----------------- ---------------- --------------- ---------------- ----------------
50 2.85 2.57 2.59 2.42
----------------- ---------------- --------------- ---------------- ----------------
----------------- ---------------- --------------- ---------------- ----------------
60 3.66 3.23 3.13 2.92
----------------- ---------------- --------------- ---------------- ----------------
----------------- ---------------- --------------- ---------------- ----------------
70 5.15 4.40 3.94 3.67
----------------- ---------------- --------------- ---------------- ----------------
----------------- ---------------- --------------- ---------------- ----------------
80 7.95 6.78 5.23 4.88
----------------- ---------------- --------------- ---------------- ----------------
----------------- ---------------- --------------- ---------------- ----------------
90 13.66 12.06 7.56 7.11
----------------- ---------------- --------------- ---------------- ----------------
-----------------------------------------------------------------------------------------------------------------------------
OPTION 4
-----------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
GUARANTEED PERIOD OF 5 YEARS
------------------------------- ---------------------------------------------------------------------------------------------
FEMALE ANNUITANT'S AGE ON THE INCOME DATE
---------------------------------------------------------------------------------------------
30 40 50 60 70 80 90
------------------------------- ------------ ------------ ------------- ------------- ------------ ------------- ------------
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
MALE ANNUITANT'S 30 1.77 1.88 1.94 1.98 2.00 2.00 2.00
AGE ON THE
INCOME DATE
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
40 1.83 2.01 2.16 2.26 2.31 2.33 2.34
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
50 1.85 2.09 2.35 2.59 2.74 2.81 2.84
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
60 1.87 2.13 2.47 2.89 3.27 3.52 3.62
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
70 1.87 2.14 2.53 3.09 3.82 4.52 4.93
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
80 1.87 2.15 2.55 3.18 4.17 5.58 6.88
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
90 1.87 2.15 2.56 3.21 4.33 6.30 9.07
------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------- ------------
---------------------------------------------------------------------------------------------------------------------------
OPTION 4
---------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------
GUARANTEED PERIOD OF 10 YEARS
------------------------------ --------------------------------------------------------------------------------------------
FEMALE ANNUITANT'S AGE ON THE INCOME DATE
------------------------------ --------------------------------------------------------------------------------------------
------------------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------
30 40 50 60 70 80 90
------------------------------ ------------ ------------ ------------ ------------- ------------- ------------ ------------
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
MALE 30 1.77 1.88 1.94 1.98 2.00 2.00 2.00
ANNUITANT'S
AGE ON THE
INCOME DATE
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
40 1.83 2.01 2.16 2.26 2.31 2.33 2.34
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
50 1.85 2.09 2.35 2.59 2.74 2.81 2.83
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
60 1.87 2.13 2.47 2.89 3.27 3.51 3.60
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
70 1.87 2.14 2.53 3.09 3.81 4.48 4.83
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
80 1.87 2.15 2.55 3.18 4.15 5.44 6.42
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
90 1.87 2.15 2.56 3.20 4.28 5.99 7.72
---------------- ------------- ------------ ------------ ------------ ------------- ------------- ------------ ------------
S40730 8
--------------------------------------------------------------------------------
ANNUITY OPTIONS (CONTINUED)
--------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
OPTION 4
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
GUARANTEED PERIOD OF 15 YEARS
------------------------------- --------------------------------------------------------------------------------------------
FEMALE ANNUITANT'S AGE ON THE INCOME DATE
------------------------------- --------------------------------------------------------------------------------------------
------------------------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
30 40 50 60 70 80 90
------------------------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
MALE 30 1.77 1.88 1.94 1.98 2.00 2.00 2.00
ANNUITANT'S
AGE ON THE
INCOME DATE
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
40 1.83 2.01 2.16 2.26 2.31 2.33 2.33
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
50 1.85 2.09 2.35 2.58 2.73 2.80 2.81
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
60 1.87 2.13 2.47 2.89 3.26 3.48 3.54
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
70 1.87 2.14 2.53 3.08 3.77 4.34 4.54
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
80 1.87 2.15 2.55 3.16 4.06 5.04 5.50
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
90 1.87 2.15 2.55 3.18 4.14 5.30 5.91
---------------- -------------- ------------ ------------ ------------- ------------ ------------ ------------- ------------
----------------------------------------------------------------------------------------------------------------------------
OPTION 4
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
GUARANTEED PERIOD OF 20 YEARS
------------------------------ ---------------------------------------------------------------------------------------------
FEMALE ANNUITANT'S AGE ON THE INCOME DATE
------------------------------ ---------------------------------------------------------------------------------------------
------------------------------ ------------ ------------ -------------- ------------- ------------ ------------ ------------
30 40 50 60 70 80 90
------------------------------ ------------ ------------ -------------- ------------- ------------ ------------ ------------
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
MALE 30 1.77 1.88 1.94 1.98 1.99 2.00 2.00
ANNUITANT'S
AGE ON THE
INCOME DATE
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
40 1.83 2.01 2.16 2.26 2.30 2.32 2.32
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
50 1.85 2.09 2.35 2.58 2.72 2.77 2.78
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
60 1.87 2.13 2.47 2.88 3.23 3.39 3.41
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
70 1.87 2.14 2.52 3.06 3.66 4.04 4.11
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
80 1.87 2.14 2.54 3.11 3.86 4.42 4.53
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
90 1.87 2.14 2.54 3.12 3.88 4.47 4.59
---------------- ------------- ------------ ------------ -------------- ------------- ------------ ------------ ------------
PERIOD CERTAIN ANNUITY OPTION AND TABLE OF GMIB PAYMENTS
If your PB Value is based on the MAV, you can select the following Period
Certain Annuity Option:
The following table shows the guaranteed amount of the GMIB Payment for
each $1,000 of MAV applied under a fixed Annuity Option. Monthly GMIB
Payments are paid for a specified period of time. The specified period
certain is elected by the Owner and must be specified as a whole number of
years from 10 to 30. If the last Annuitant dies before the end of the
specified period certain, then we will continue to make GMIB Payments to
the payee for the rest of the specified period certain. The Guaranteed
Fixed GMIB Payment rates below are based on an interest rate of 1% per
year. Rates for other specified period certain not shown will be provided
upon request.
-----------------------------------------------------------------------------------------------
GMIB PAYMENTS PER $1,000 OF PB VALUE - PERIOD CERTAIN ANNUITY OPTION
-----------------------------------------------------------------------------------------------
--------------------- ----------- ----------- ------------ ----------- ----------- ------------
SPECIFIED PERIOD 5 10 15 20 25 30
CERTAIN (IN YEARS)
--------------------- ----------- ----------- ------------ ----------- ----------- ------------
--------------------- ----------- ----------- ------------ ----------- ----------- ------------
GUARANTEED MONTHLY 17.08 8.75 5.98 4.59 3.76 3.21
GMIB PAYMENT
--------------------- ----------- ----------- ------------ ----------- ----------- ------------
S40730 9
--------------------------------------------------------------------------------
GENERAL PROVISIONS
--------------------------------------------------------------------------------
CONDITIONS FOR TERMINATION OF THIS RIDER
You can terminate this rider before you exercise the GMIB or GPWB by making
an Authorized Request. The rider will terminate on the Contract Anniversary
that occurs immediately after such request.
Otherwise this rider will terminate upon the earliest of the following:
(a) The termination of the Base Contract.
(b) The termination of both the GMIB and GPWB.
RIDER CHARGE
The charge for this rider is included in the Mortality and Expense Risk
Charge shown on the Contract Schedule, or Contract Schedule Addendum, if
applicable.
--------------------------------------------------------------------------------
GLOSSARY
--------------------------------------------------------------------------------
DEFINITIONS Definitions specific to this rider that are not in the Base Contract follow.
BASE CONTRACT The contract to which this rider is attached.
EXCESS WITHDRAWALS Any additional withdrawal you take while we are making GPWB Payments.
GMIB PAYMENTS Annuity Payments we make based on the PB Value.
GPWB PAYMENTS Withdrawal payments we make based on the PB Value.
GPWB MAXIMUM The maximum amount of annual GPWB Payments available to you under the GPWB.
PB VALUE The PRIME Plus Benefit value.
RESET ANNIVERSARY The Contract Anniversary before the day that you make an Authorized Request for an AIA reset.
RIDER EFFECTIVE DATE The date on which this rider became effective, as shown on the Contract Schedule or Contract
Schedule Addendum, if applicable.
WAITING PERIOD The number of years following the Rider Effective Date or any Reset Anniversary before you can
exercise a GMIB or GPWB; shown on the Contract Schedule or Contract Schedule Addendum, if
applicable.
In all other respects the provisions, conditions, exceptions and limitations
contained in the Base Contract remain unchanged.
Signed for the Company at its home office.
ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
/S/ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇ /S/ ▇▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇
Secretary President
S40730 10