Shield Level Pay Plus II Advisory

Withdrawal Provisions

Access to Your Money Annual Benefit Payments: On and after the Annual Benefit Commencement Date, you can withdraw up to the Annual Benefit Payment in a contract year without impacting your Benefit Base and Net Purchase Payment Amount (if applicable). Refer to the “Annual Benefit Payments” section for more details. Automated Withdrawals: On and after the Annual Benefit Commencement Date, you can schedule monthly, quarterly, semi-annual, or annual withdrawals up to the Annual Benefit Payment. Payments may be taken from specified Shield Options and/or the Fixed Account, or proportionally from all Shield Options and the Fixed Account, as allocated. Additionally, automated withdrawals may be set up to satisfy required minimum distributions (RMDs). Fixed Account Automated Withdrawal Processing: As an alternative to automated withdrawals outlined above, you may elect to have your Annual Benefit Payment processed from the Fixed Account, if available. On each contract anniversary, an amount equal to your Annual Benefit Payment will be transferred proportionately from your Shield Options to the Fixed Account. Your payments will be made from the Fixed Account based on the frequency you elect. The use of Fixed Account automated withdrawal processing is optional, may only begin on a contract anniversary, and is only allowed if the entire Annual Benefit Payment is transferred to the Fixed Account and fully withdrawn during the contract year.