MEMBERS Variable Annuities and the Annual Death Benefit Options

If you die before you receive payment of your Annuity Plan benefit and the value of your account as of the date of your death is $5,000 or less, your Annuity Plan benefit will be

Other issuers allow a variable annuity owner to purchase a death benefit that is guaranteed to increase in value each year at a set rate (at an additional cost). These

GuArAnTeeD minimum DeATh beneFiT (GmDb) The basic death benefit offered under variable annuity contracts, which specifies that if the owner, or in some contracts the annuitant, dies

Variable annuity contracts have traditionally offered a guaranteed minimum death benefit (GMDB) during the accumulation period that is generally equal to the greater of (a) the

If you elected the Optional Death Benefit Rider at an additional charge, your Death Benefit, prior to the decedent’s 90th birth- day, is the greater of: the total Premium Payments

3 The lower death benefit and no more premium due option is available only when you select the 50% ROP feature and choose to convert your cash value to!. a lower death benefit at

For a whole life policy (50) with annual premiums and death benefit of 1000 payable at the end of the year of death, you are given:.. The net premium

Generally, “C” Share annuities offer full liquidity at any time; however, certain living benefit options, such as a Guaranteed Minimum Income Benefit, may not be available unless