Document:

EX-4(H)

 

Exhibit (h)

Home Office: Cincinnati, Ohio

Variable Administrative Office: P.O. Box 5423, Cincinnati, Ohio 45201-5423

GUARANTEED LIFETIME WITHDRAWAL BENEFIT RIDER

Not Transferable

This rider (this “Rider”) is attached to a certificate of participation (your “Certificate”) issued
under a group deferred variable annuity contract (the “Contract”). It is evidence of your interest
in the Guaranteed Lifetime Withdrawal Benefit Rider (the “GLWB Rider”) attached to the Contract.
The Contract number and your Certificate number are set out on your Rider Specifications page. If
you choose to activate it for your interest in the Contract, the GLWB Rider will provide guaranteed
withdrawal rights for the life of the Insured. You will be entitled to take withdrawals from the
Contract equal to your Benefit amount even if your Contract values are exhausted. It will also
provide guaranteed withdrawal rights for the life of the Spouse of the Insured if you so elect at
the time that you activate the GLWB Rider. The rights to such withdrawals are subject to the terms
and conditions as described in this Rider.

IMPORTANT NOTE: The GLWB Rider is not effective for your interest in the Contract
until you activate it. You may activate the GLWB Rider by Written Request when
permitted, as described in the Activation provision of this Rider.

As you read through this Rider, please note that the words “we”, “us”, “our”, and “Company” refer
to Annuity Investors Life Insurance Company. The words “you” and “your” refer to the Participant.
“Administrative Office” means our home office or any other place of business that we may designate
for administration.

This Rider changes your Certificate only as and to the extent stated.

Signed for us at our office as of the date of issue.

	 	 	 
	
	 	
	MARK F. MUETHING
	 	CHARLES R. SCHEPER
	SECRETARY
	 	PRESIDENT

 

 

RIDER SPECIFICATIONS

PARTICIPANT: [JOHN DOE]

INSURED: [JOHN DOE]

GROUP CONTRACT NUMBER: [00000000]

CERTIFICATE NUMBER: [00000000]

RIDER ISSUE DATE: [SEPTEMBER 1, 2007]

ROLLUP PERCENTAGE: [5.0%]

MAXIMUM ROLLUP PERIOD: [10] FULL CERTIFICATE YEARS FOLLOWING A RESET DATE

	 	 	 
	ROLLUP BOOSTER:

	 	[0.5% AFTER 15TH ANNIVERSARY OF YOUR RIDER EFFECTIVE DATE]
	 

	 	[PROVIDED THAT THERE HAS BEEN NO EXCESS WITHDRAWAL IN ANY]

	 

	 	[PRIOR CERTIFICATE YEAR]

BENEFIT PERCENTAGE:

	 	 	 
	Age on Benefit Start Date	 	Benefit Percentage
	[At least age 55 but under age 59-1/2]
	 	[4.0%]
	[Age 59-1/2 or older]
	 	[5.0%]

	 	 	 
	BENEFIT BOOSTER:

	 	[0.5% IF YOUR BENEFIT START DATE IS ON OR AFTER 15TH ]
	 

	 	[ANNIVERSARY OF YOUR RIDER EFFECTIVE DATE]

ENHANCED BENEFIT:

	 	 	 
	Enhanced Benefit Multiplier

	 	[1.5]
	Enhanced Benefit Duration

	 	[1 CERTIFICATE YEAR]
	Minimum Age for Enhanced Benefit

	 	[Age 65]

RIDER CHARGE RATES:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Insured Only	 	Insured and Spouse
	 	 	On Your Rider	 	 	 	 	 	On Your Rider	 	 
	 	 	Issue Date	 	Maximum	 	Issue Date	 	Maximum
	Standard Benefit
	 	 	[0.75%]	 	 	 	[1.70%]	 	 	 	[0.95%]	 	 	 	[1.70%]	 
	With Enhanced Benefit
	 	 	[0.95%]	 	 	 	[2.00%]	 	 	 	[1.15%]	 	 	 	[2.00%]	 

MINIMUM REQUIRED VALUE: [$1,250]

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	INQUIRIES:	 	For information and assistance, or to make a complaint, call or write:
	 

	 

	 	Policyowner Services Department
	 

	 	Annuity Investors Life Insurance Company
	 

	 	P.O. Box 5423
	 

	 	Cincinnati, Ohio 45201-5423
	 

	 	1-800-789-6771

If you prefer, you may visit us at our website, www.GAFRI.com

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	TABLE OF CONTENTS	 	Page	 
	DEFINITIONS
	 	 	5	 
	 
	 	 	 	 
	GENERAL PROVISIONS
	 	 	6	 
	 
	 	 	 	 
	Activation
	 	 	6	 
	Required Allocations
	 	 	7	 
	Misstatement
	 	 	7	 
	Rights of Insured Not Transferable
	 	 	7	 
	Declining this Rider
	 	 	7	 
	 
	 	 	 	 
	RIDER CHARGES
	 	 	8	 
	 
	 	 	 	 
	Rider Charge Amounts
	 	 	8	 
	Rider Charge Payments
	 	 	8	 
	Waiver of Charges
	 	 	8	 
	 
	 	 	 	 
	BENEFITS
	 	 	8	 
	 
	 	 	 	 
	Benefit Start Date
	 	 	8	 
	Benefit Amount
	 	 	9	 
	Benefit Base Amount
	 	 	9	 
	Reset Elections
	 	 	9	 
	Rollup Amounts
	 	 	9	 
	Minimum Benefit
	 	 	10	 
	Enhanced Benefit
	 	 	10	 
	Benefit Payments
	 	 	11	 
	 
	 	 	 	 
	EFFECT OF RIDER ON CONTRACT TERMS
	 	 	11	 
	 
	 	 	 	 
	Purchase Payments Limited
	 	 	11	 
	Withdrawals to Pay Rider Charges or Benefits
	 	 	11	 
	Loans Limited
	 	 	12	 
	Continuation of Contract
	 	 	12	 
	Annuity Benefit of Contract
	 	 	12	 
	 
	 	 	 	 
	TERMINATION
	 	 	12	 

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DEFINITIONS

Capitalized terms not defined in this Rider have the same meaning as such terms are defined in your
Certificate.

Benefit: A guaranteed withdrawal benefit that is available to you under the GLWB Rider, as
described in the BENEFITS section of this Rider.

Benefit Base Amount: The amount on which your GLWB Rider charges and Benefit payments are based.
This amount is computed as described in the Benefit Base Amount provision of this Rider.

Benefit Start Date: The first day that a Benefit under the GLWB Rider is to be paid with respect
to your interest in the Contract.

Designated Sub-Account: Each Sub-Account under the Contract that we designate from time to time to
hold Contract values on which Benefits may be based.

Enhanced Benefit: When elected by you, an additional Benefit available under the GLWB Rider, as
described in the Enhanced Benefit provision of this Rider.

Excess Withdrawal: Each withdrawal from your interest in the Contract on or after your Rider
Effective Date except:

	 	1)	 	a withdrawal to pay Rider Charges; or
	 
	 	2)	 	a withdrawal to pay Rider Benefits.

An offset of a defaulted Loan after your Rider Effective Date will be considered an Excess
Withdrawal.

Group Rider Date: The issue date of the GLWB Rider. If the Contract is issued with the GLWB
Rider, then the Group Rider Date will be the effective date of the Contract. If the GLWB Rider is
added to the Contract after the effective date of the Contract, then the Group Rider Date will be
the date that the GLWB Rider is added.

Insured: The person whose lifetime is used to measure your Benefits under the GLWB Rider. The
Insured on your Rider Issue Date is set out on your Rider Specifications page.

The Insured is the individual who is the Participant on your Rider Issue Date. If the Participant
is not a human being, then the Insured is the individual who is the Annuitant for your interest in
the Contract, without regard to any joint Annuitant. Except as provided below, the Insured cannot
be changed after your Rider Issue Date.

If the spouse of the person who is the Insured on your Rider Issue Date becomes the owner or
successor owner of your interest in the Contract before your Benefit Start Date, then that spouse
will become the Insured.

Loan: To the extent permitted by the Contract, a loan made under the Contract to you and secured
by the values of your interest in the Contract.

Prohibited Transfer: An allocation or transfer of funds after your Rider Effective Date to a
Sub-Account or other Contract option that is not a Designated Sub-Account. A transfer of funds
before your Benefit Start Date will not be a Prohibited Transfer if it is required as collateral
for a Loan.

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Required Minimum Distribution: The amount, if any, that is required to be distributed from your
interest in the Contract for the current calendar year under Section 401(a)(9) of the Internal
Revenue Code or the similar provisions of federal tax law to the extent applicable to the Contract.
For purposes of the GLWB Rider, it will be computed based on the values of your interest in the
Contract without considering any other annuity or tax-qualified account. It will be reduced by all
prior withdrawals or Benefit payments from your interest in the Contract made in such calendar
year. For purposes of the GLWB Rider, we may choose to compute it disregarding changes in federal
tax law after the Group Rider Date that would increase it. We will notify you if we make this
choice.

Reset Date: Each of the following:

	 	1)	 	your Rider Effective Date;
	 
	 	2)	 	a Certificate Anniversary on which you elect to reset your Benefit Base Amount,
as described in the Reset Elections provision of this Rider;
	 
	 	3)	 	any date before your Benefit Start Date on which ownership of your interest in
the Contract is transferred to the spouse of the Insured if a Spousal Benefit is not in
effect and your Account Value is less than your Benefit Base Amount; and
	 
	 	4)	 	any date before your Benefit Start Date which would have been the Death Benefit
Valuation Date if a Spousal Benefit is not in effect and the spouse of the Insured
becomes the successor owner of your interest in the Contract.

Rider Effective Date: Your Certificate Effective Date or Certificate Anniversary on which you
activate the GLWB Rider.

Rider Issue Date: Your Certificate Effective Date or the Group Rider Date, whichever is later.
Your Rider Issue Date is set out on your Rider Specifications page.

Spousal Benefit: When elected by you, a Benefit that may be available for the life of the Spouse
if the Insured dies after your Benefit Start Date.

Spouse: The person who is the spouse of the Insured as of your Benefit Start Date. A person will
cease to be considered the Spouse at any time that the marriage of the Insured and that person is
terminated by divorce, dissolution, annulment, or for other cause apart from the death of the
Insured. A new Spouse cannot be substituted after your Benefit Start Date.

GENERAL PROVISIONS

Activation

Except as provided below, you may elect to activate the GLWB Rider for your interest in the
Contract on your Certificate Effective Date or on any Certificate Anniversary. You may not
activate the GLWB Rider before your Rider Issue Date. You may not activate the GLWB Rider if:

	 	1)	 	you have not satisfied the allocation requirements, as described in the
Required Allocations provision of this Rider; or
	 
	 	2)	 	we are no longer issuing the GLWB Rider with any new annuity contracts, and we
prohibit further activations of the GLWB Rider on a nondiscriminatory basis; or
	 
	 	3)	 	the Insured is age 86 or older; or
	 
	 	4)	 	there is another rider then in effect for your interest in the Contract that
provides guaranteed withdrawal benefits, guaranteed accumulation benefits, or
guaranteed income benefits; or
	 
	 	5)	 	an event has occurred that would terminate the GLWB Rider for your interest in
the Contract.

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At the time of activation, you may elect to activate the Spousal Benefit. The election of a
Spousal Benefit will not change the death benefit provisions of the Contract. A Spousal Benefit
will only be of value if the Insured is married on your Benefit Start Date, and the Spouse survives
the Insured, is the sole Beneficiary, and elects to become the successor owner of your interest in
the Contract.

At the time of activation, you may elect to activate the Enhanced Benefit. An Enhanced Benefit
will only be of value if you satisfy the requirements and elect to take the Enhanced Benefit while
the GLWB Rider is in effect for your interest in the Contract.

Such elections are to be made by Written Request. Such elections must be made on or before the
date on which the GLWB Rider is to take effect for your interest in the Contract.

Required Allocations

To activate the GLWB Rider, your entire Account Value must be held in the Designated Sub-Account(s)
except as required as collateral for a Loan. While the GLWB Rider is in effect for your interest
in the Contract, no Prohibited Transfer is allowed.

For amounts that are held as collateral for a Loan to you, the following special rules apply:

	 	1)	 	from time to time after activation and before your Benefit Start Date, we may
require you to transfer to a Designated Sub-Account the portion of your Account Value
that is no longer needed as collateral for a Loan; you must make this transfer within
thirty (30) days of our written notice to you of this requirement;
	 
	 	2)	 	on or before your Benefit Start Date, you must pay off the Loan and transfer to
a Designated Sub-Account the portion of your Account Value that is no longer needed as
collateral.

A failure to make a transfer required above will terminate the GLWB Rider for your interest in the
Contract.

Misstatement

If the age of an Insured or the Spouse has been misstated, we will adjust the Benefit amount to the
amount that would have been available based on the correct age. If the Benefit amount based on the
correct age would have been lower, we will treat any overpaid Benefit payments as Excess
Withdrawals when each such overpayment was made, and adjust your Contract values and your Benefit
Base Amount accordingly. Such adjustments may in turn cause portions of later Benefit payments to
be treated as Excess Withdrawals. The GLWB Rider will terminate for your interest in the Contract
if your adjusted Benefit Base Amount is below the minimum. We may also pursue other remedies at
law or in equity.

Rights of Insured Not Transferable

The GLWB Rider covers the Insured. It may also cover the Spouse of the Insured. It does not cover
any other person. Your rights to Benefits under the GLWB Rider cannot be transferred or assigned
except to the Insured, or in the case of a Spousal Benefit, to the Spouse.

Declining this Rider

You may decline the GLWB Rider at any time by Written Request.

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RIDER CHARGES

Rider Charge Amounts

There is a charge for the GLWB Rider for each Certificate Year that it is in effect for you. The
charge for a Certificate Year will be equal to:

	 	1)	 	your Benefit Base Amount determined as of the date immediately before the date
that the charge is paid; multiplied by
	 
	 	2)	 	your Rider Charge Rate.

Your Rider Charge Rates on your Rider Issue Date are set out on your Rider Specifications page. We
may change your Rider Charge Rates at any time or times that:

	 	1)	 	you activate the GLWB Rider on a date that is after your Rider Issue Date;
	 
	 	2)	 	you reset your Benefit Base Amount, as described in the Reset Elections
provision of this Rider;
	 
	 	3)	 	an Excess Withdrawal is taken from your interest in the Contract; or
	 
	 	4)	 	a Spousal Benefit is not in effect, and the spouse of the Insured becomes the
owner or successor owner of your interest in the Contract.

Your Rider Charge Rates will never exceed the maximum Rider Charge Rates set out on your Rider
Specifications page. Changes, if any, in your Rider Charge Rates may apply to any Certificate Year
for which the charge has not yet been taken.

Rider Charge Payments

The charge for each Certificate Year that the GLWB Rider is in effect is taken at the end of that
Certificate Year. In addition, a prorated portion of the charge for a Certificate Year will be
taken upon the surrender of your interest in the Contract or other termination of the GLWB Rider
for your interest in the Contract.

We will take the charge for the GLWB Rider as withdrawals from your Account Value. No Early
Withdrawal Charge or other charge or fee will be deducted on account of a withdrawal to pay Rider
charges.

Waiver of Charges

Charges for the GLWB Rider will be permanently waived once your Account Value is fully depleted
directly as a result of withdrawals for Rider charges or Benefit payments.

BENEFITS

Benefit Start Date

Your Benefit Start Date is the date that you first take a Benefit payment under the GLWB Rider.
You may choose this date by Written Request. Such a request must be made at least thirty (30) days
prior to the date that the first Benefit payment is to be taken.

Your Benefit Start Date may not be before the Insured reaches the youngest age found on the Benefit
Percentage table. If a Spousal Benefit is in effect, then your Benefit Start Date may also not be
before the Spouse reaches the youngest age found on the Benefit Percentage table. The Benefit
Percentage table is set out on your Rider Specifications page.

You must pay off all Loans on or before your Benefit Start Date. Your Benefit Start Date may not
be after the date that the GLWB Rider terminates for your interest in the Contract.

-8-

 

Benefit Amount

Your Benefit amount is the largest total amount that can be taken as a Benefit payment on or after
your Benefit Start Date. It is determined each time that a Benefit payment is to be made.

Your annual Benefit amount is equal to:

	 	1)	 	the sum of your Benefit Percentage and any Benefit Booster for which you have
qualified as of that Certificate Year; as set out on your Rider Specifications page,
multiplied by
	 
	 	2)	 	your Benefit Base Amount on the date that the payment is to be made.

Your annual Benefit amount for the Certificate Year that includes your Benefit Start Date will be
prorated.

Your Benefit amount available at any point in time on or after your Benefit Start Date is equal to:

	 	1)	 	your annual Benefit amount as determined at that point in time; less
	 
	 	2)	 	the amount of each Benefit payment, if any, previously made for your interest
in the Contract during the current Certificate Year.

Your Benefit Percentage is fixed on your Benefit Start Date based on the table set out on your
Rider Specifications page. Your Benefit Percentage is based on the age of the Insured on your
Benefit Start Date, unless a Spousal Benefit is in effect. If a Spousal Benefit is in effect, then
it is based on the younger of the age of the Insured or the age of the Spouse on your Benefit Start
Date.

Benefit Base Amount

Except as provided below, your Benefit Base Amount is equal to:

	 	1)	 	your Account Value on your most recent Reset Date; plus
	 
	 	2)	 	Purchase Payments for you received since your most recent Reset Date; plus
	 
	 	3)	 	Rollup Amounts credited for you since your most recent Reset Date; and minus
	 
	 	4)	 	an adjustment for each Excess Withdrawal, if any, since your most recent Reset
Date.

The adjustment for an Excess Withdrawal is equal to:

	 	1)	 	the percentage reduction in your Account Value on account of the Excess
Withdrawal and any related Early Withdrawal Charge or other charge or fee related to
it; multiplied by
	 
	 	2)	 	your Benefit Base Amount just before the Excess Withdrawal.

Reset Elections

As of each Certificate Anniversary that the GLWB Rider is in effect, you may elect to reset your
Benefit Base Amount to your Account Value on that Certificate Anniversary, if higher. This
election must be made by Written Request received by us no later than thirty (30) days after that
Certificate Anniversary. No reset may be elected if your Benefit Base Amount is higher than your
Account Value on that Certificate Anniversary.

Rollup Amounts

Rollup Amounts are credited to your Benefit Base Amount at the end of each full Certificate Year
that is included in a Rollup Period. A Rollup Period begins on any Reset Date that is before your
Benefit Start Date, and ends on the earliest of:

	 	1)	 	the completion of the Maximum Rollup Period, set out in your Rider
Specifications page, as measured from your most recent Reset Date;
	 
	 	2)	 	the date that an Excess Withdrawal is taken; or
	 
	 	3)	 	your Benefit Start Date.

-9-

 

The Rollup Amount for a Certificate Year is equal to:

	 	1)	 	the sum of the Rollup Percentage and any Rollup Booster, as set out on your
Rider Specifications page, for which you have qualified as of that Certificate Year;
multiplied by
	 
	 	2)	 	your Rollup Base.

Your Rollup Base for a Certificate Year is equal to:

	 	1)	 	your Account Value on your most recent Reset Date; plus
	 
	 	2)	 	Purchase Payments received for you since that Reset Date but before the
beginning of your current Certificate Year; plus
	 
	 	3)	 	each Purchase Payment received for you during the current Certificate Year
multiplied by a fraction representing that portion of the Certificate Year that the
Purchase Payment was held under the Contract; and minus
	 
	 	4)	 	the value, if any, of any amount not held in a Designated Sub-Account at the
end of that Certificate Year.

No Rollup Amount will be credited for you for a Certificate Year unless the full Certificate Year
is included in a Rollup Period.

Minimum Benefit

Your annual Benefit amount for a Certificate Year will never be less than the Required Minimum
Distribution, if any, for the calendar year in which that Certificate Year began.

Enhanced Benefit

If the Enhanced Benefit under the GLWB Rider was elected for your interest in the Contract at the
time of activation, then you may take the Enhanced Benefit in any Certificate Year provided:

	 	1)	 	you make Written Request to take the Enhanced Benefit before the beginning of
the Certificate Year;
	 
	 	2)	 	the Certificate Year begins on or after your Benefit Start Date;
	 
	 	3)	 	if the Insured is living, the Certificate Year begins on or after the date that
the Insured has reached the Minimum Age for Enhanced Benefit, which is set out on your
Rider Specifications page;
	 
	 	4)	 	if a Spousal Benefit is in effect and the Spouse is living, the Certificate
Year begins after the date that the Spouse has reached the Minimum Age for Enhanced
Benefit, which is set out on your Rider Specifications page;
	 
	 	5)	 	the Enhanced Benefit for your interest in the Contract has not already been
taken for more Certificate Years than the Enhanced Benefit Duration, which is set out
on your Rider Specifications page; and
	 
	 	6)	 	the GLWB Rider has not terminated for your interest in the Contract.

If the Enhanced Benefit Duration is more than one (1) Certificate Year, then the Certificate Years
in which the Enhanced Benefit is taken must be consecutive.

For any Certificate Year in which the Enhanced Benefit is taken, your annual Benefit amount will be
equal to:

	 	1)	 	your Benefit Percentage, determined on your Benefit Start Date as described in
the Benefit Amount provision of this Rider; multiplied by
	 
	 	2)	 	your Benefit Base Amount on the date that the payment is to be made; and
multiplied by
	 
	 	3)	 	the Enhanced Benefit Multiplier, as set out on your Rider Specifications page.

-10-

 

Benefit Payments

Benefit payments will be made at any time or times on or after your Benefit Start Date upon your
Written Request. A Benefit payment may be an amount up to the full Benefit amount available on the
payment date. You may not take a Benefit payment of less than $50. Benefit amounts available for
a Certificate Year but not taken may not be carried over to the next Certificate Year.

Until your Account Value is exhausted, your Benefits are paid in the form of withdrawals from your
interest in the Contract. After that, your Benefits are paid under the GLWB Rider itself and no
Excess Withdrawals are possible.

All rights to take Benefit payments for your interest in the Contract will end on the earliest of:

	 	1)	 	the date that the Insured dies, if the Spousal Benefit is not in effect; or
	 
	 	2)	 	the date that the Insured dies, if the Spousal Benefit is in effect but no
Spouse survives the Insured; or
	 
	 	3)	 	the date that the Spouse dies, if a Spousal Benefit is in effect and the Spouse
survives the Insured; or
	 
	 	4)	 	the completion of the maximum period that a benefit can be paid under the rules
of Section 401(a)(9) of the Internal Revenue Code or the similar provisions of federal
tax law to the extent applicable to the Contract; or
	 
	 	5)	 	the date that the GLWB Rider terminates for your interest in the Contract.

A Benefit payment may be paid to or for another annuity or tax-qualified account in an exchange,
transfer, or rollover to the full extent allowed by federal tax law.

EFFECT OF RIDER ON CONTRACT TERMS

Purchase Payments Limited

After your Rider Effective Date, we may decline to accept Purchase Payments for you in excess of
$50,000 per Certificate Year. Before or after your Rider Effective Date, we may decline to accept
any further Purchase Payments for you if we are no longer issuing annuity contracts with the GLWB
Rider unless you decline or terminate the GLWB Rider. After your Benefit Start Date, we reserve
the right to impose additional restrictions on Purchase Payments for you on a nondiscriminatory
basis.

Withdrawals to Pay Rider Charges or Benefits

Withdrawals made from the Contract to pay charges for the GLWB Rider or to pay Benefits will be
subject to all of the terms and conditions of the Contract, except:

	 	1)	 	the amount withdrawn will not be subject to an Early Withdrawal Charge or other
charge or fee;
	 
	 	2)	 	the amount need not meet the minimum amount for a withdrawal as determined
under the withdrawals provision of the Contract;
	 
	 	3)	 	it may reduce your Account Value below the minimum that is otherwise required;
	 
	 	4)	 	we will not terminate your interest in the Contract if such withdrawals reduce
your Account Value below such minimum; and
	 
	 	5)	 	it may completely exhaust your Account Value.

Withdrawals to pay Benefits will reduce the amount that may otherwise be taken without an Early
Withdrawal Charge or other charge or fee pursuant to any free withdrawal privilege of the Contract.

-11-

 

Loans Limited

You must pay off all Loans on or before your Benefit Start Date. You may not take a new Loan on or
after your Benefit Start Date so long as the GLWB Rider is in effect.

Continuation of Contract

If your Account Value is completely exhausted by payment of Rider charges or Benefits or because
the value of a Designated Sub-Account falls to zero (0), your interest in the Contract will not
terminate until the Rider terminates for your interest in the Contract. However, no further
Purchase Payments for you may be made, no Excess Withdrawals are possible, and your interest in the
Contract cannot be annuitized.

Annuity Benefit of Contract

Your Annuity Benefit will not be less than your annual Benefit amount, as described in the Benefit
Amount provision of this Rider as of your Annuity Commencement Date, if:

	 	1)	 	your interest in the Contract is annuitized with annual payments for the life
of the Insured, or if a Spousal Benefit is in effect, for the joint and survivor lives
of the Insured and Spouse;
	 
	 	2)	 	your actual Annuity Commencement Date is on or after your original Annuity
Commencement Date set out on your Certificate Specifications page; and
	 
	 	3)	 	your actual Annuity Commencement Date is reached while the GLWB Rider is in
effect for you and after your Benefit Start Date.

TERMINATION

All rights under the GLWB Rider for your interest in the Contract terminate upon any one of the
following to happen:

	 	1)	 	your Written Request to decline or terminate the GLWB Rider;
	 
	 	2)	 	a transfer or assignment of your interest in the Contract, unless to the
Insured, or to the spouse of the Insured before your Benefit Start Date, or to the
Spouse of the Insured when a Spousal Benefit has been elected;
	 
	 	3)	 	a failure to hold your funds as called for by the GLWB Rider, as described in
the Required Allocations provision of this Rider;
	 
	 	4)	 	an Excess Withdrawal that reduces your Benefit Base Amount below the Minimum
Required Value set out on your Rider Specifications page;
	 
	 	5)	 	the surrender or annuitization of your interest in the Contract;
	 
	 	6)	 	a death that would give rise to a death benefit under your interest in the
Contract, unless the spouse of the Insured becomes the successor owner of your interest
in the Contract before your Benefit Start Date or the Spouse of the Insured becomes the
successor owner of your interest in the Contract when a Spousal Benefit is in effect;
or
	 
	 	7)	 	the complete payment of all Benefits that are due under the GLWB Rider for your
interest in the Contract.

-12-

 

GUARANTEED LIFETIME WITHDRAWAL BENEFITS RIDER

Not TransferableEX-4(I)

 

Exhibit 4(i)

Home Office: Cincinnati, Ohio

Variable Administrative Office: P.O. Box 5423, Cincinnati, Ohio 45201-5423

GUARANTEED MINIMUM WITHDRAWAL BENEFIT RIDER

This Guaranteed Minimum Withdrawal Benefit Rider (this “Rider”) is attached to a group deferred
variable annuity contract (“Contract”). The Contract number is set out on the Rider Specifications
page. If a Participant chooses to activate it for his or her interest in the Contract, this Rider
will provide guaranteed withdrawal rights equal to a fixed percentage of the Benefit Base Amount.
A Participant will be entitled to take withdrawals from the Contract equal to his or her Benefit
amount even if his or her Contract values are exhausted. The rights to such withdrawals are
subject to the terms and conditions set out in this Rider.

IMPORTANT NOTE: This Rider is not effective for the interest of a Participant in
the Contract until he or she activates it. He or she may activate this Rider by
Written Request when permitted under the Activation provision of this Rider.

As you read through this Rider, please note that the words “we”, “us”, “our”, and “Company” refer
to Annuity Investors Life Insurance Company. The words “you” and “your” refer to the owner of the
group Contract. “Administrative Office” means our home office or any other place of business that
we may designate for administration.

This Rider is a part of the Contract. It is not a separate contract. It changes the Contract only
as and to the extent stated. In all cases of conflict with the other terms of the Contract, the
provisions of this Rider shall control.

Signed for us at our office as of the date of issue.

	 	 	 
	
	 	
	MARK F. MUETHING
	 	CHARLES R. SCHEPER
	SECRETARY
	 	PRESIDENT

 

 

RIDER SPECIFICATIONS

CONTRACT OWNER: [XYZ EMPLOYER]

CONTRACT NUMBER: [00000000]

GROUP RIDER DATE: [SEPTEMBER 1, 2007]

MINIMUM BENEFIT AGE: [Age 55]

BENEFIT PERCENTAGE: [5.0%]

RIDER CHARGE RATES:

	 	 	 	 	 
	On Group Rider Date	 	Maximum	 
	[0.55%]
	 	 	[1.50%]	 

MINIMUM REQUIRED VALUE: [$1,250]

	 	 	 
	INQUIRIES:

	 	For information and assistance, or to make a complaint, call or write:
	 
	 	 
	 

	 	Policyowner Services Department
	 

	 	Annuity Investors Life Insurance Company
	 

	 	P.O. Box 5423
	 

	 	Cincinnati, Ohio 45201-5423
	 

	 	1-800-789-6771

If you prefer, you may visit us at our website, www.GAFRI.com

 -2- 

 

TABLE OF CONTENTS

	 	 	 	 	 
	DEFINITIONS
	 	 	4	 
	 
	 	 	 	 
	GENERAL PROVISIONS
	 	 	5	 
	 
	 	 	 	 
	Activation
	 	 	5	 
	Required Allocations
	 	 	6	 
	Declining this Rider
	 	 	6	 
	 
	 	 	 	 
	RIDER CHARGES
	 	 	6	 
	 
	 	 	 	 
	Rider Charge Amounts
	 	 	6	 
	Rider Charge Payments
	 	 	7	 
	Waiver of Charges
	 	 	7	 
	 
	 	 	 	 
	BENEFITS
	 	 	7	 
	 
	 	 	 	 
	Benefit Start Date
	 	 	7	 
	Benefit Amount
	 	 	7	 
	Benefit Base Amount
	 	 	8	 
	Reset Elections
	 	 	8	 
	Benefit Payments
	 	 	8	 
	 
	 	 	 	 
	EFFECT OF RIDER ON CONTRACT TERMS
	 	 	9	 
	 
	 	 	 	 
	Purchase Payments Limited
	 	 	9	 
	Withdrawals to Pay Rider Charges or Benefits
	 	 	9	 
	Loans Limited
	 	 	9	 
	Continuation of Contract
	 	 	9	 
	 
	 	 	 	 
	TERMINATION
	 	 	10	 

 -3- 

 

DEFINITIONS

Capitalized terms not defined in this Rider have the same meaning as such terms are defined in the
Contract.

Benefit: A guaranteed withdrawal benefit that is available to a Participant under the BENEFITS
section of this Rider.

Benefit Base Amount: For a Participant, the amount on which his or her Rider charges and Benefit
payments are based. This amount is computed under the Benefit Base Amount provision of this Rider.

Benefit Start Date: For a Participant, the first day that a Benefit under this Rider is to be
paid.

Designated Sub-Account: Each Sub-Account under the Contract that we designate from time to time to
hold Contract values on which Benefits may be based.

Excess Withdrawal: For a Participant, each withdrawal from his or her interest in the Contract on
or after his or her Rider Effective Date except:

	 	1)	 	a withdrawal to pay Rider Charges; or
	 
	 	2)	 	a withdrawal to pay Rider Benefits.

An offset of a defaulted Loan after his or her Rider Effective Date will be considered an Excess
Withdrawal.

Group Rider Date: The issue date of this Rider. If the Contract is issued with this Rider, then
the Group Rider Date will be the effective date of the Contract. If this Rider is added to the
Contract after the effective date of the Contract, then the Group Rider Date will be the date that
this Rider is added. The Group Rider Date is set out on the Rider Specifications page.

Loan: To the extent permitted by the Contract, a loan made under the Contract to a Participant and
secured by the values of his or her interest in the Contract.

Prohibited Transfer: For a Participant, an allocation or transfer of funds after his or her Rider
Effective Date to a Sub-Account or other Contract option that is not a Designated Sub-Account. A
transfer of funds before his or her Benefit Start Date will not be a Prohibited Transfer if it is
required as collateral for a Loan.

Required Minimum Distribution: The amount, if any, that is required to be distributed from the
interest of a Participant in the Contract for the current calendar year under Section 401(a)(9) of
the Internal Revenue Code or the similar provisions of federal tax law to the extent applicable to
the Contract. For purposes of this Rider, it will be computed based on the values of his or her
interest in the Contract without considering any other annuity or tax-qualified account. It will
be reduced by all prior withdrawals or Benefit payments from his or her interest in the Contract
made in such calendar year. For purposes of this Rider, we may choose to compute it disregarding
changes in federal tax law after the Group Rider Date that would increase it. We will notify you
if we make this choice.

 -4- 

 

Reset Date: For a Participant, each of the following:

	 	1)	 	his or her Rider Effective Date;
	 
	 	2)	 	a Certificate Anniversary on which he or she elects to reset his or her Benefit
Base Amount under the Reset Elections provision of this Rider;
	 
	 	3)	 	any date on which he or she assigns or transfers an interest in the Contract to
his or her spouse if his or her Account Value is less than his or her Benefit Base
Amount; and
	 
	 	4)	 	any date before his or her Benefit Start Date which would have been the Death
Benefit Valuation Date if a spouse becomes the successor owner of the interest of the
Participant in the Contract and if his or her Account Value on that date is less than
his or her Benefit Base Amount.

Rider Effective Date: For a Participant, his or her Certificate Effective Date or Certificate
Anniversary on which he or she activates this Rider.

Rider Issue Date: For a Participant, his or her Certificate Effective Date or the Group Rider
Date, whichever is later. The Rider Issue Date of a Participant is set out on the Rider
Specifications page of his or her Certificate.

GENERAL PROVISIONS

Activation 

Except as provided below, a Participant may elect to activate this Rider for his or her interest in
the Contract on his or her Certificate Effective Date or on any Certificate Anniversary. A
Participant may not activate this Rider before his or her Rider Issue Date. A Participant may not
activate this Rider if:

	 	1)	 	he or she has not satisfied the Required Allocations provision of this Rider;
or
	 
	 	2)	 	we are no longer issuing this Rider with any new annuity contracts, and we
prohibit further activations of this Rider on a nondiscriminatory basis; or
	 
	 	3)	 	he or she is age 86 or older (or the Annuitant is age 86 or older if the
Participant is not a human being); or
	 
	 	4)	 	there is another rider then in effect for his or her interest in the Contract
that provides guaranteed withdrawal benefits, guaranteed accumulation benefits, or
guaranteed income benefits; or
	 
	 	5)	 	an event has occurred that would terminate this Rider for the Participant.

The election is to be made by Written Request. The election must be made on or before the date on
which this Rider is to take effect for the interest of the Participant in the Contract.

 -5- 

 

Required Allocations 

To activate this Rider for a Participant, his or her entire Account Value must be held in the
Designated Sub-Account(s) except as required as collateral for a Loan. While this Rider is in
effect for a Participant, no Prohibited Transfer is allowed.

For amounts that are held as collateral for a Loan to a Participant, the following special rules
apply:

	 	1)	 	from time to time after activation and before his or her Benefit Start Date, we
may require the Participant to transfer to a Designated Sub-Account the portion of his
or her Account Value that is no longer needed as collateral for a Loan; he or she must
make this transfer within thirty (30) days of our written notice to him or her of this
requirement;
	 
	 	2)	 	on or before his or her Benefit Start Date, the Participant must pay off the
Loan and transfer to a Designated Sub-Account the portion of his or her Account Value
that is no longer needed as collateral.

A failure to make a transfer required above will terminate this Rider for the interest of the
Participant in the Contract.

Declining this Rider 

A Participant may decline this Rider at any time by Written Request.

RIDER CHARGES

Rider Charge Amounts 

There is a charge for this Rider for each Certificate Year that it is in effect for a Participant.
The charge for a Certificate Year will be equal to:

	 	1)	 	his or her Benefit Base Amount determined as of the date immediately before the
date that the charge is paid; multiplied by
	 
	 	2)	 	his or her Rider Charge Rate.

The Rider Charge Rate on the Group Rider Date is set out on the Rider Specifications page, and is
subject to change from time to time. For a Participant, the Rider Charge Rate on his or her Rider
Issue Date is set out on the Rider Specifications page of his or her Certificate. We may change
the Rider Charge Rate for a Participant at any time or times that:

	 	1)	 	he or she activates this Rider on a date that is after his or her Rider Issue
Date;
	 
	 	2)	 	he or she resets his or her Benefit Base Amount under the Reset Elections
provision of this Rider;
	 
	 	3)	 	an Excess Withdrawal is taken from his or her interest in the Contract;
	 
	 	4)	 	he or she assigns or transfers an interest in the Contract to his or her
spouse; or
	 
	 	5)	 	his or her spouse becomes the successor owner of the interest in the Contract.

The Rider Charge Rate for a Participant will never exceed the maximum Rider Charge Rate set out on
the Rider Specifications page. Changes, if any, in the Rider Charge Rate for a Participant may
apply to any Certificate Year for which the charge has not yet been taken.

 -6- 

 

Rider Charge Payments 

The charge for each Certificate Year that this Rider is in effect for a Participant is taken
annually at the end of that Certificate Year. In addition, a prorated portion of the charge for a
Certificate Year will be taken upon the surrender of the interest of the Participant in the
Contract or other termination of this Rider for the Participant.

We will take the charge for this Rider as withdrawals from the Account Value of the Participant.
No Early Withdrawal Charge or other charge or fee will be deducted on account of a withdrawal to
pay Rider charges.

Waiver of Charges 

Charges for this Rider will be permanently waived for a Participant once his or her Account Value
is fully depleted directly as a result of withdrawals for Rider charges or Benefit payments.

BENEFITS

Benefit Start Date 

For a Participant, the Benefit Start Date is the date that he or she first takes a Benefit payment
under this Rider. He or she may choose this date by Written Request. Such a request must be made
at least thirty (30) days prior to the date that the first Benefit payment is to be taken.

The Benefit Start Date for a Participant may not be before the Participant reaches the Minimum
Benefit Age. If a Participant is not a human being, the Benefit Start Date may not be before each
Annuitant reaches the Minimum Benefit Age. The Minimum Benefit Age is set out on the Rider
Specifications page.

A Participant must pay off all Loans on or before the Benefit Start Date. The Benefit Start Date
may not be after the date that this Rider terminates for the interest of a Participant in the
Contract.

Benefit Amount 

For a Participant, the Benefit amount is the largest total amount that can be taken as a Benefit
payment on or after his or her Benefit Start Date. It is determined each time that a Benefit
payment is to be made.

The annual Benefit amount for a Participant is equal to:

	 	1)	 	his or her Benefit Percentage, as set out on the Rider Specifications page,
multiplied by
	 
	 	2)	 	his or her Benefit Base Amount on the date that the payment is to be made.

The annual Benefit amount for the Certificate Year that includes his or her Benefit Start Date will
be prorated.

The Benefit amount available for a Participant at any point in time on or after his or her Benefit
Start Date is equal to:

	 	1)	 	his or her annual Benefit amount as then determined, less
	 
	 	2)	 	the amount of any Benefit payment previously made for the interest of the
Participant in the Contract during the current Certificate Year.

The annual Benefit amount for a Participant for a Certificate Year will never be less than the
Required Minimum Distribution, if any, for the calendar year in which that Certificate Year began.

 -7- 

 

Benefit Base Amount 

Except as provided below, the Benefit Base Amount for a Participant is equal to:

	 	1)	 	his or her Account Value on his or her most recent Reset Date; plus
	 
	 	2)	 	Purchase Payments for the Participant received since his or her most recent
Reset Date; and minus
	 
	 	3)	 	an adjustment for each Excess Withdrawal, if any, for the Participant since his
or her most recent Reset Date.

The adjustment for an Excess Withdrawal is equal to:

	 	1)	 	the percentage reduction in the Account Value of the Participant on account of
the Excess Withdrawal and any related Early Withdrawal Charge or other charge or fee
related to it; multiplied by
	 
	 	2)	 	his or her Benefit Base Amount just before the Excess Withdrawal.

Reset Elections 

As of each Certificate Anniversary that this Rider is in effect for a Participant, he or she may
elect to reset his or her Benefit Base Amount to his or her Account Value on that Certificate
Anniversary, if higher. This election must be made by Written Request received by us no later than
thirty (30) days after that Certificate Anniversary. No reset may be elected if his or her Benefit
Base Amount is higher than his or her Account Value on that Certificate Anniversary.

Benefit Payments 

Benefit payments for a Participant will be made at any time or times on or after his or her Benefit
Start Date upon his or her Written Request. A Benefit payment may be an amount up to the full
Benefit amount available on the payment date. A Participant may not take a Benefit payment of less
than $50. Benefit amounts available for a Certificate Year but not taken may not be carried over
to the next Certificate Year.

Until the Account Value of a Participant is exhausted, his or her Benefits are paid in the form of
withdrawals from his or her interest in the Contract. After that, his or her Benefits are paid
under the Rider itself and no Excess Withdrawals from his or her interest in the Contract are
possible.

All rights to take Benefit payments for the interest of a Participant in the Contract will end on
the earliest of:

	 	1)	 	the date that total Benefit payments made since his or her most recent Reset
Date equal his or her current Benefit Base Amount; or
	 
	 	2)	 	the completion of the maximum period that a benefit can be paid under the rules
of Section 72(s) or Section 401(a)(9) of the Internal Revenue Code or the similar
provisions of federal tax law to the extent applicable to the Contract; or
	 
	 	3)	 	the date that this Rider terminates for the Participant.

A Benefit payment may be paid to or for another annuity or tax-qualified account in an exchange,
transfer, or rollover to the full extent allowed by federal tax law.

 -8- 

 

EFFECT OF RIDER ON CONTRACT TERMS

Purchase Payments Limited 

After his or her Rider Effective Date, we may decline to accept Purchase Payments for a Participant
in excess of $50,000 per Certificate Year. Before or after his or her Rider Effective Date, we may
decline to accept any further Purchase Payments for a Participant if we are no longer issuing
annuity contracts with this Rider unless he or she declines or terminates this Rider. After his or
her Benefit Start Date, we reserve the right to impose additional restrictions on Purchase Payments
for a Participant on a nondiscriminatory basis.

Withdrawals to Pay Rider Charges or Benefits 

Withdrawals made from the Contract to pay charges for this Rider or to pay Benefits will be subject
to all of the terms and conditions of the Contract, except:

	 	1)	 	the amount withdrawn will not be subject to an Early Withdrawal Charge or other
charge or fee;
	 
	 	2)	 	the amount need not meet the minimum amount for a withdrawal as determined
under the withdrawals provision of the Contract;
	 
	 	3)	 	it may reduce the Account Value of a Participant below the minimum that is
otherwise required;
	 
	 	4)	 	we will not terminate the interest of a Participant in the Contract if such
withdrawals reduce his or her Account Value below such minimum; and
	 
	 	5)	 	it may completely exhaust the Account Value of a Participant.

Withdrawals to pay Benefits for a Participant will reduce the amount that may otherwise be taken
without an Early Withdrawal Charge or other charge or fee pursuant to any free withdrawal privilege
of the Contract.

Loans Limited 

A Participant must pay off all Loans on or before his or her Benefit Start Date. A Participant may
not take a new Loan on or after his or her Benefit Start Date so long as this Rider is in effect
for the Participant.

Continuation of Contract 

If the Account Value of a Participant is completely exhausted by payment of Rider charges or
Benefits, or because the value of a Designated Sub-Account falls to zero (0), his or her interest
in the Contract will not terminate until the Rider terminates for the Participant. However, no
further Purchase Payments for the Participant may be made and no Excess Withdrawals for the
Participant are possible, and his or her interest in the Contract cannot be annuitized.

 -9- 

 

TERMINATION

All rights under this Rider for the interest of a Participant in the Contract terminate upon any
one (1) of the following to happen:

	 	1)	 	his or her Written Request to decline or terminate this Rider;
	 
	 	2)	 	a transfer or assignment of his or her interest in the Contract, unless to his
or her spouse;
	 
	 	3)	 	a failure to hold funds for the Participant as called for by the Required
Allocations provision of this Rider;
	 
	 	4)	 	an Excess Withdrawal from the Contract that reduces his or her Benefit Base
Amount below the Minimum Required Value set out on the Rider Specifications page;
	 
	 	5)	 	the surrender or annuitization of his or her interest in the Contract;
	 
	 	6)	 	a death that would give rise to a death benefit under his or her interest in
the Contract, unless a spouse is the sole Beneficiary and elects to become the
successor owner of his or her interest in the Contract; or
	 
	 	7)	 	the complete payment of all Benefits that are due under this Rider for his or
her interest in the Contract.

 -10- 

 

GUARANTEED MINIMUM WITHDRAWAL BENEFITS RIDER

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