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Document Preview Guaranteed Minimum Income Benefit Rider |
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Title: |
Guaranteed Minimum Income Benefit Rider |
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Entities: |
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Date: |
2002 |
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Preview shows 4KB of 37KB total |
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$43 |
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ID: |
#2501773 |
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PEOPLES BENEFIT LIFE INSURANCE COMPANY
A Stock Company
Home Office located at: 4333 Edgewood Road N.E., Cedar Rapids, Iowa 52499
(Hereafter called the Company, we, our or us) (800)-525-6205
GUARANTEED MINIMUM INCOME BENEFIT RIDER
This rider provides Your variable annuity with a minimum annuitization value
called the Minimum Income Base which can only be used with the Annuity Factors
shown in Schedule I of this rider. This Minimum Income Base is guaranteed by
Us, regardless of the performance of the variable annuity's investments.
This rider is attached to and made part of Your variable deferred annuity policy
as of the Rider Date. Policy refers to the individual policy if the rider is
attached to an individual annuity. This rider may only be terminated as
provided herein. This rider is subject to all of the provisions in the policy
that do not conflict with the provisions of this rider. The Rider Payment
Options provide for variable annuity payments. Subsequent payments may fluctuate
with the investment performance of Your annuity Subaccounts, but will never be
less than the initial payment.
Policy Number: Rider Date
Age on Rider Date: Minimum Income
Base on Rider Date*:
Annual Growth Rate: Guaranteed Minimum Income Benefit:
Last Date to Elect Benefit:
Rider Fee Percentage:
Rider Fee Waiver
Threshold:
Guaranteed Minimum
Payment Fee:
The Mortality and Expense Risk Fee and Administrative Charge after
the Election Date will be the sum of the Mortality and Expense Risk Fee and
Administrative Charge effective after the Annuity Commencement Date shown on
the Policy Data Page, plus an additional Mortality and Expense Risk Fee and
Administrative Charge, called the Guaranteed Minimum Payment Fee, shown
above.
Election Date Age Minimum Income Guaranteed Minimum
Benefit* Monthly Payment**
------------- --- -------------- ------------------
*Assumes no further payments following the Rider Date, no premium tax, and no
withdrawals. This amount may only be used for annuitization with the Rider
Payment Options provided in this rider.
** Assumes the Minimum Income Base shown is applied to a life with 10 year
certain Rider Payment Option with monthly payments. If Election Date is less
than 10 years after the Rider Date, assumes Age Adjustment is applied as
described on page 4 of this rider.
RGMI 17 0102 1
{PAGE}
DEFINITIONS
The following definitions used in this Rider are for reference only.
Adjusted Policy Value
The Policy Value increased or decreased by an Excess Interest Adjustment, if
applicable, as defined in Your deferred annuity policy.
Annuitant
The Annuitant is designated on the Policy Data Page. The variable annuity
payments are paid to the Annuitant (or surviving Joint Annuitant).
Annuity Factor
A factor for the applicable Annuitant age, sex and Rider Payment Option shown in
Schedule I or Schedule II of this rider. For the Rider Payment Option chosen,
the Annuity Factor from Schedule I and the Minimum Income Base will be used to
determine the first annuity payment. Factors not shown are available from us
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