PRIME PLUS BENEFIT RIDER
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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.
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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 Enhanced Guaranteed Minimum Income Benefit and
the Guaranteed Partial Withdrawal Benefit.
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ACRONYMS
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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
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GUARANTEED MINIMUM INCOME BENEFIT
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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) Fixed Traditional Annuity Payments based on Annuity
Payment rates declared by us on the Income Date applied
to the Adjusted Contract Value; or
(b) 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; and
(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.
S40722 1
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GUARANTEED MINIMUM INCOME BENEFIT (continued)
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Exercising To begin GMIB Payments, the appropriate form must be received
the GMIB in good order at our Service Center 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 GMIB you can no longer make additional
Purchase Payments to any portion of the contract that is in
the Annuity Period.
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 monthly payments guaranteed Annuity
Option, or a joint and last survivor with monthly
payments guaranteed Annuity Option, the death of the last
surviving Annuitant and expiration of the guaranteed
period.
(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.
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GUARANTEED PARTIAL WITHDRAWAL BENEFIT
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GPWB Benefit This benefit provides for a guaranteed minimum amount of
income in the form of partial withdrawals, called GPWB
Payments, during the Accumulation Period. 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.
S40722 2
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GUARANTEED PARTIAL WITHDRAWAL BENEFIT (continued)
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GPWB Payments Once each Contract Year you can select one or more of the
(continued) 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 your request
is received in good order at our Service Center.
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 Once you exercise the GPWB, the Contract Value decreases
under the GPWB with each GPWB Payment and any Excess 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.
S40722 3
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GUARANTEED PARTIAL WITHDRAWAL BENEFIT (continued)
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Exercising To begin GPWB Payments, the appropriate form must be received
the GPWB in good order at our Service Center 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 make additional
Purchase Payments or take Partial Annuitizations.
Conditions for The GPWB will terminate upon the earliest of the following:
Termination of (a) The termination of this rider.
the GPWB (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.
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PRIME PLUS BENEFIT VALUE
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PB Value The PB Value before the date of your death or exercise of the
Calculation GPWB is equal to either
(a) The AIA; or
(b) The MAV.
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 or the AIA.
If you exercise the GPWB and select the [10]% payment option
the PB Value is equal to the MAV.
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, only the PB Value will remain and will
continue to be calculated.
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.
S40722 4
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MAXIMUM ANNIVERSARY VALUE
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Maximum If the Rider Effective Date is the Issue Date, the MAV is
Anniversary Value 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 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 additional
Purchase Payments, 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 any Business Day other than a Contract Anniversary.
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ANNUAL INCREASE AMOUNT
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Annual Increase If the Rider Effective Date is the Issue Date, the AIA is
Amount 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 is equal
to the Contract Value on the Rider Effective Date. If you
reset the AIA, on the Reset Anniversary the AIA 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.
S40722 5
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ANNUAL INCREASE AMOUNT (continued)
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Annual Increase For each of the first five Contract Anniversaries that occur
Amount (continued) after the later of the Rider Effective Date or Reset
Anniversary and 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
additional Purchase Payments, withdrawals, and Partial
Annuitizations) in the same way that we do on each Business
Day other than a Contract Anniversary.
For each Contract Anniversary after the fifth that occurs
after the later of the Rider Effective Date or Reset
Anniversary and before the older Owner's 81st birthday, the
AIA is the sum of (a) plus (b) where:
(a) is the total of all Purchase Payments received on or
after the later of the fifth Contract Anniversary or
Reset Anniversary, and
(b) is the product of [1.07] times the difference of (i)
minus (ii) where:
(i) is the AIA on the immediately preceding Business Day,
and
(ii) is the total of all Purchase Payments received on or
after the later of the fifth Contract Anniversary or
Reset Anniversary.
We then process any transactions received on that Contract
Anniversary (such as additional Purchase Payments,
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 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 is equal to two times the Contract Value on the Rider
Effective Date. If you reset the AIA, on the Reset
Anniversary the AIA Cap is equal to two times the Contract
Value on the Reset Anniversary.
On each Business Day before the fifth Contract Anniversary,
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.
Beginning on the fifth Contract Anniversary the AIA Cap will
no longer increase, but it will decrease if you take a
withdrawal or Partial Annuitization in the same way that it
does on each Business Day before the fifth Contract
Anniversary.
S40722 6
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ANNUAL INCREASE AMOUNT (continued)
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AIA Reset AIA resets are available once per Contract Year before the
older Owner's 80th birthday and before you exercise the GPWB.
To reset the AIA your request must be received in good order
at our Service Center 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 on 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. A Contract Schedule Addendum will be sent to you
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,
(c) after you take a Full Annuitization, or
(d) on or after the older Owner's 80th birthday.
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ANNUITY OPTIONS
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Available Annuity If the PB Value is the AIA, the fixed Annuity Options that
Options 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 The following tables show the guaranteed amount of the GMIB
Payments 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.
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Guaranteed Monthly GMIB Payment Per $1,000 of PB Value
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Fixed Payouts
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--------------- ----------------------------------------------------------------
Age of
Annuitant Option 2
---------- -----------------------------------------------------------------
---------- -------------- --------------- ----------------- ----------------
Nearest
Birthday
When First Guaranteed Guaranteed Guaranteed
payment period of 5 period of 10 Guaranteed period period of 20
is made 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
----------- ------- ------ ------- ------ ------- --------- -------- --------
S40722 7
--------------------------------------------------------------------
Option 3
--------------------------------------------------------------------
--------------------------------------------------------------------
Life only
--------------------------------------------------------------------
------------ -------- ------ ------ ------ -------- -------- -------
Female Age 30 40 50 60 70 80 90
------------ -------- ------ ------ ------ -------- -------- -------
------------ -------- ------ ------ ------ -------- -------- -------
Male Age
------------
------------ -------- ------ ------ ------ -------- -------- -------
30 1.77 1.88 1.94 1.98 2.00 2.00 2.00
------------ -------- ------ ------ ------ -------- -------- -------
------------ -------- ------ ------ ------ -------- -------- -------
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
------------ -------- ------ ------ ------ -------- -------- -------
----------------------------------------------------------------------------
Guaranteed Monthly GMIB Payment Per $1,000 of PB Value
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Fixed Payouts
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----------------- -------------------------------- -----------------------------
Age of Annuitant Option 1 Option 5
Nearest
Birthday When
First Payment
is Made
----------------- -------------------------------- -----------------------------
----------------- -------------------------------- -----------------------------
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
----------------- ---------------- --------------- ---------------- ------------
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Option 4
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Guaranteed Period of 5 Years
--------------------------------------------------------------------------------
----------- ------- ------ -------- ------- ------ ------ -------
Female Age 30 40 50 60 70 80 90
----------- ------- ------ -------- ------- ------ ------ -------
----------- ------- ------ -------- ------- ------ ------ -------
Male Age
-----------
----------- ------- ------ -------- ------- ------ ------ -------
30 1.77 1.88 1.94 1.98 2.00 2.00 2.00
----------- ------- ------ -------- ------- ------ ------ -------
----------- ------- ------ -------- ------- ------ ------ -------
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
----------- ------- ------ -------- ------- ------ ------ -------
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Option 4
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Guaranteed Period of 10 Years
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----------- -------- ------- ------- ------- ------ ------ ------
Female Age 30 40 50 60 70 80 90
----------- -------- ------- ------- ------- ------ ------ ------
----------- -------- ------- ------- ------- ------ ------ ------
Male Age
-----------
----------- -------- ------- ------- ------- ------ ------ ------
30 1.77 1.88 1.94 1.98 2.00 2.00 2.00
----------- -------- ------- ------- ------- ------ ------ ------
----------- -------- ------- ------- ------- ------ ------ ------
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
----------- -------- ------- ------- ------- ------ ------ ------
S40722 8
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Option 4
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Guaranteed Period of 15 Years
--------------------------------------------------------------------------------
----------- -------- ------- ------- -------- ------- -------- ---------
Female Age 30 40 50 60 70 80 90
----------- -------- ------- ------- -------- ------- -------- ---------
----------- -------- ------- ------- -------- ------- -------- ---------
Male Age
-----------
----------- -------- ------- ------- -------- ------- -------- ---------
30 1.77 1.88 1.94 1.98 2.00 2.00 2.00
----------- -------- ------- ------- -------- ------- -------- ---------
----------- -------- ------- ------- -------- ------- -------- ---------
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
----------- -------- ------- ------- -------- ------- -------- ---------
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Option 4
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Guaranteed Period of 20 Years
--------------------------------------------------------------------------------
----------- ------- ------- -------- -------- ------- -------- -------
Female Age 30 40 50 60 70 80 90
----------- ------- ------- -------- -------- ------- -------- -------
----------- ------- ------- -------- -------- ------- -------- -------
Male Age
-----------
----------- ------- ------- -------- -------- ------- -------- -------
30 1.77 1.88 1.94 1.98 1.99 2.00 2.00
----------- ------- ------- -------- -------- ------- -------- -------
----------- ------- ------- -------- -------- ------- -------- -------
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
----------- ------- ------- -------- -------- ------- -------- -------
Table of Period If your PB Value is based on the MAV, you can select the
Certain Annuity following Period Certain Annuity Option:
Option and GMIB
Payments
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.
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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
------------------- -------- ------- ------- -------- ------ --------
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GENERAL PROVISIONS
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Conditions for You can terminate this rider before you exercise the GMIB or
Termination GPWB by completing the appropriateform. The rider will
of this Rider terminate on the Contract Anniversary that occurs immediately
after the form is received in good order at our Service
Center.
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.
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CROSS REFERENCE OF TERMS
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Terms Used The term "Business Day" is used to also mean "Valuation
Interchangeably Date", where applicable. The term "withdrawal charges" is
Between Base used to also mean "Contingent Deferred Sales Charges", where
Contract applicable. The term "withdrawal" is used to also mean
and Rider "surrender", where applicable.
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GLOSSARY
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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 If you exercise the GPWB, this is an additional withdrawal
you take while we are making GPWB Payments.
Full This occurs once you apply the entire Contract Value to
Annuitization Annuity Payments. Once you take a Full Annuitization, you
cannot take any additional Partial Annuitizations. If you
take a Full Annuitization, the Accumulation Phase of the
contract will end.
Once you take a Full Annuitization you can no longer make
additional Purchase 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 upper limit of annual GPWB Payments available to you
under the GPWB.
Investment The Investment Options available under the Variable Account.
Options The Investment Options are shown on the Contract Schedule.
Owner "You," "your" and "yours". The person or entity (or persons
or entities if there are Joint Owners) named in the contract
who may exercise all rights granted by the contract.
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GLOSSARY (continued)
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Partial This occurs when you apply only part of the Contract Value to
Annuitization Traditional Annuity Payments, or part of the PB Value to GMIB
Payments. If you take a Partial Annuitization, the
Accumulation Phase and Annuity Phase of the contract may
occur at the same time. [You can take one Partial
Annuitization every 12 months. The maximum number of
annuitizations we allow at any one time is five. If you take
a Partial Annuitization, there can be only one Owner, he/she
must be the Annuitant, and we will not allow the Owner to
designate a joint Annuitant. Partial Annuitizations are not
available to Joint Owners.]
Once you take a Partial Annuitization you can no longer make
additional Purchase Payments to any portion of the Contract
that is in the Annuity Phase.
PB Value The PRIME Plus Benefit value.
Reset Anniversary The Contract Anniversary before the day that your AIA reset
request is received in good order at our Service Date.
Rider Effective The date on which this rider becomes effective.
Date
Traditional Annuity Payments we make based on the Adjusted Contract
Annuity Payment Value.
Waiting Period The number of years 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
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Secretary President
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