EXHIBIY (4)(B)



 EXHIBIT (4)(b) 

FORM OF POLICY RIDER (5 FOR LIFE) 








					
	



		 Home Office:

    [4333 Edgewood Road N.E.]

    [Cedar Rapids, Iowa 52499 ]

    [(319)398-8511]
		

 GUARANTEED MINIMUM WITHDRAWAL BENEFIT RIDER 

This rider is issued as a part of the policy (contract) to which it is attached. Policy refers to the individual policy if the rider is attached to an
individual annuity or the group certificate if the rider is attached to a group annuity. 
 Rider Data Specification 

 

			
	Policy Number:		[07 – 12345]
	Rider Date:		[05–05–2004]
	“For Life” Withdrawal Percentage:*		[5.00%]
	Rider Fee Percentage:		[0.75%]

  

	*	If the annuitant is not yet [59] on the rider date, then this percentage will be zero until the January 1st following the annuitant’s [59th] birthday. 


 
  

ARTICLE I 
 This rider is not available for an
existing qualified policy which has been continued by a surviving spouse or beneficiary as the new owner. This rider will terminate upon the annuitant’s death, if you surrender your policy, elect to upgrade (as described in Article III of this
rider), transfer funds out of the designated funds after the [fifth] rider anniversary (transfers, as provided for in the base policy, out of the designated funds are prohibited prior to the [fifth] rider anniversary), or elect to receive annuity
payments under your policy. This rider will also terminate if the policy to which this rider is attached is assigned or if the owner is changed without our approval. You can terminate this rider any time after the [fifth] rider anniversary. 

A rider fee will be deducted on each rider anniversary and upon rider termination as described below. 

DEFINITIONS: 
 Terms used that are not defined in this
rider shall have the same meaning as those in your base policy. 
 Gross Partial Withdrawal 

The amount which will be deducted from your policy value as a result of each partial withdrawal. 

Rider Anniversary 
 The anniversary of the rider date.

 Rider Fee 
 The rider fee is the rider fee percentage
referenced above, multiplied by the total withdrawal base at the time the fee is deducted. This fee will be deducted from each investment option in proportion to the amount of policy value in that investment option on each rider anniversary. A
portion of this fee will also be deducted when the rider is terminated based on the number of days that have elapsed since it was last deducted. 
 Rider
Year 
 Each twelve-month period following the rider date. 

  

					
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 ARTICLE II 

FOR LIFE GUARANTEED MINIMUM WITHDRAWAL BENEFIT 
 Under this
rider, we guarantee that you can withdraw up to the maximum annual withdrawal amount each year, regardless of the policy value, until the annuitant’s death. 

Withdrawals will reduce the policy value of the base policy to which this rider is attached. Once the policy value equals zero, you cannot make subsequent
premium payments and all other policy features, benefits and guarantees are terminated except those provided by this rider. Withdrawals guaranteed by this rider can be continued by selecting an amount and frequency of payment in a manner acceptable
to us. Once the payment amount and frequency are established, they cannot be changed and no additional withdrawals will be paid. 
 Maximum Annual
Withdrawal Amount 
 On the rider date the maximum annual withdrawal amount will be equal to A multiplied by B multiplied by C where: 

 

	A)	is the total withdrawal base on the rider date, 

  

	B)	is the “For Life” withdrawal percentage shown on page 1. If the annuitant is not yet [59] on the rider date, this percentage will be equal to 0%, and 


 

	C)	is equal to the number of days between the rider date and January 1st of the next calendar year, divided by the number of days in the current calendar year. 


On January 1st of each subsequent calendar year following the rider date, the maximum annual withdrawal amount will be reset equal to the greater of 1
and 2 where: 
  

	1)	is A multiplied by B where: 

  

	 	A)	is the total withdrawal base as of this date, and 

  

	 	B)	is the “For Life” withdrawal percentage shown on page 1. If the annuitant is not yet [59] on January 1st of the current calendar year, this percentage will be equal to 0%. 


 

	2)	is an amount equal to the minimum required distribution amount for this base policy for the current calendar year using the annuitant’s age only if all of the following are true: 


 

	 	A)	the base policy to which this rider is attached is a tax-qualified policy for which IRS minimum required distributions are required, 


 

	 	B)	the minimum required distributions do not start prior to the annuitant’s attained age 70 1/2, 

  

	 	C)	the minimum required distributions are based on either the Uniform Lifetime table or the Joint Life and Last Survivor Expectancy table, 


	 	D)	the minimum required distributions are based on age of the living annuitant. The minimum required distributions can not be based on the age of someone who is deceased, 


 

	 	E)	the minimum required distributions are based only on the policy to which this rider is attached, and 

  

	 	F)	the minimum required distributions are only for the current calendar year. Amounts carried over from past calendar years are not considered. 


If any of the above are not true, then 2) is equal to zero and the minimum required distribution is not available as a maximum annual
withdrawal amount. 
 Minimum Remaining Withdrawal Amount 

The minimum remaining withdrawal amount is the total minimum dollar amount of guaranteed withdrawals you have remaining, provided withdrawals do not exceed the
maximum annual withdrawal amount each rider year. The minimum remaining withdrawal amount on the rider date is equal to the policy value. After the rider date, the minimum remaining withdrawal amount is equal to the minimum remaining withdrawal
amount on the rider date, plus any premiums added after the rider date, less any adjustments for withdrawals described below. 

  

					
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 ARTICLE II CONTINUED 

Minimum Remaining Withdrawal Amount Adjustments 
 Gross
partial withdrawals up to the maximum annual withdrawal amount will reduce the minimum remaining withdrawal amount by the same amount (dollar for dollar). Gross partial withdrawals in excess of the maximum annual withdrawal amount will reduce the
minimum remaining withdrawal amount by the greater of: 
  

	1)	the excess gross partial withdrawal amount; and 

  

	2)	the result of (A divided by B), multiplied by C, where: 

  

	 	A	is the excess gross partial withdrawal (the amount in excess of the maximum annual withdrawal amount remaining prior to the withdrawal); 


 

	 	B	is the policy value after the maximum annual withdrawal amount has been withdrawn, but prior to the withdrawal of the excess amount; and 


 

	 	C	is the minimum remaining withdrawal amount after the maximum annual withdrawal amount has been withdrawn, but prior to the withdrawal of the excess amount. 


Total Withdrawal Base 
 The total withdrawal base on the
rider date is equal to the policy value. After the rider date, the total withdrawal base is equal to the total withdrawal base on the rider date, plus the full amount of any premiums added after the rider date, less any adjustments for withdrawals
described below. 
 Total Withdrawal Base Adjustments 

Gross partial withdrawals up to the maximum annual withdrawal amount will not reduce the total withdrawal base. Gross partial withdrawals in excess of the
maximum annual withdrawal amount will reduce the total withdrawal base by the greater of: 
  

	 	1)	the excess gross partial withdrawal amount; and 

  

	 	2)	the result of (A divided by B), multiplied by C, where: 

  

	 	A	is the excess gross partial withdrawal (the amount in excess of the maximum annual withdrawal amount remaining prior to the withdrawal); 


 

	 	B	is the policy value after the maximum annual withdrawal amount has been withdrawn, but prior to the withdrawal of the excess amount; and 


 

	 	C	is the total withdrawal base prior to the withdrawal of the excess amount. 

 Death Benefits and Spousal
Continuation 
 Upon the death of the annuitant, we will pay an additional death benefit amount equal to the excess, if any, of the minimum remaining
withdrawal amount over the base policy death benefit and this rider will then terminate. 
 In the case of spousal joint owners where one spouse is the
annuitant, if the spouse who is not the annuitant dies and the surviving spouse is the sole beneficiary, the surviving spouse may elect to continue the policy and rider and no additional death benefit will be paid under this rider. 

In the case of non-spousal joint owners where an owner who is not the annuitant dies, the surviving owner (who is also the sole designated beneficiary) may
elect to receive lifetime income payments instead of receiving any benefits applicable to the base policy. The lifetime income payments must begin no later than 1 year after the owner’s death and will be equal to the maximum annual withdrawal
amount divided by the number of payments made per year. Once the payments begin, no additional premium payments will be accepted and no additional withdrawals will be paid. If these payments are elected but the annuitant dies before the minimum
remaining withdrawal amount equals zero, the annuitant’s beneficiary will receive a death benefit equal to the minimum remaining withdrawal amount. 

Designated Funds 
 If you elect this rider, you must
allocate 100% of your initial premium payment and any subsequent premium payments into one or more of the designated funds. Until the [fifth] rider anniversary, you are prohibited from transferring any amount to a non-designated fund. After the
[fifth] rider anniversary, you are not prohibited from transferring to a non-designated fund, however, if you do transfer any amount to a non-designated fund, this rider will terminate. You can generally transfer between the designated funds as
permitted under your policy. 

  

					
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 ARTICLE III 

RIDER UPGRADE 
 You may elect, in writing, to upgrade the
total withdrawal base to the policy value, after the [fifth] rider anniversary. At this same time, the minimum remaining withdrawal amounts will also be upgraded to the policy value and the maximum annual withdrawal amounts will be recalculated
based on the new total withdrawal base. 
 If an upgrade is elected, this rider will terminate and a new rider with the same features will be issued with a
new rider date and its own rider fee percentage which may be higher than this rider’s rider fee percentage. 
 The new rider effective date will be the
date the Company receives all information necessary, in a written form acceptable to the Company, to process the upgrade. The Company currently allows an upgrade at any time after the [fifth] rider anniversary. After your [sixth] rider anniversary,
the Company reserves the right to limit upgrade requests to 30 calendar days after each rider anniversary. 
 Signed for us at our home
office. 
  

			
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	SECRETARY		PRESIDENT


  

					
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