ReliAbility MYGA with 10% Free Withdrawal and Death Benefit Enhancement Rider

ReliAbility is a single-premium deferred fixed multi-year guaranteed annuity.

Issue Ages

Initial Guarantee Period
3, 5, 7, and 10 year guarantee periods.

Standard Death Benefit
Before the Maturity Date, upon the death of the Owner, or the first death of either Joint Owner, the death benefit is payable to the designated beneficiary. The death benefit is the greater of (i) Cash Surrender Value or (ii) total premium paid, reduced by prior withdrawals and any applicable Withdrawal Charges or taxes.

Required Minimum Distributions (RMDs)
RMD withdrawals, as defined under the Internal Revenue Code, are included in the base contract, available beginning in Policy Year 1 and are not subject to withdrawal charges or MVA.

Ownership/Annuitant Structure
Joint ownership is available for non-qualified contracts only. Joint Annuitants are allowed (must be spouse for qualified contracts).

Market Value Adjustment
Withdrawals or surrenders may be subject to a Market Value Adjustment, which may increase or decrease the amount withdrawn or surrendered.

Annuitization Options
Before the maturity date, you may choose an annuitization option or change a previous annuitization option. If no annuitization option is selected, life income with a guaranteed period of 5 years payable monthly becomes effective.

10% Free Withdrawal Rider
Beginning in the second Contract Year, this rider waives withdrawal charges and MVA on annual withdrawals up to 10% of Contract Value as of the last Contract Anniversary. 

Death Benefit Enhancement Rider
This rider sets the death benefit equal to Contract Value on the date of death, rather than the base-contract death benefit. Any applicable withdrawal charges and MVA are waived for purposes of this death benefit.