Document:

EX-4(E)

 

Exhibit 4(e)

Home Office: Cincinnati, Ohio

Fixed Administrative Office: P.O. Box 5420, Cincinnati, Ohio 45201-5420

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

WAIVER OF EARLY WITHDRAWAL CHARGES

UPON TERMINAL ILLNESS RIDER

The group annuity contract (the “Contract”) is changed by this Waiver of Early Withdrawal Charges
Upon Terminal Illness Rider (this “Rider”) to add the following new provisions:

Terminal Illness Waiver

Upon the Written Request of the Participant, we will waive the Early Withdrawal Charges that may
otherwise apply to a withdrawal from, or surrender or annuitization of the interest of the
Participant in the Contract if at the time of such withdrawal, surrender, or annuitization all of
the following conditions are met:

	 	1)	 	an Insured for the interest of the Participant in the Contract has been
diagnosed with a terminal illness by a Physician;
	 
	 	2)	 	as a result of the terminal illness, such Insured has a life expectancy of less
than twelve (12) months from the date of diagnosis; and
	 
	 	3)	 	such illness is first diagnosed at least one (1) year after the Certificate
Effective Date.

The Participant must provide us with proof of a diagnosis that meets these conditions. The
diagnosis and proof must be satisfactory to us. We reserve the right to have a Physician that we
choose examine the Insured to confirm the diagnosis. The Written Request and the satisfactory
diagnosis and proof must be provided to us before the date of the withdrawal, surrender, or
annuitization. This waiver, when it applies, is in lieu of, and not in addition to, the free
withdrawal allowance under the Contract.

Definitions

Capitalized terms not defined in this Rider have the same meaning as such terms are defined in the
Contract. The following additional definitions apply to this Rider.

Insured: An individual whose diagnosis is used to qualify for benefits under this Rider.
For the interest of a Participant in the Contract, each owner of such interest on his or her
Rider Effective Date who is a natural person is an Insured. If an owner of such interest on
his or her Rider Effective Date is not a natural person, then for such interest each
Annuitant on such date who is a natural person is an Insured. For this purpose, an
individual acting as a trustee or plan sponsor is not treated as a natural person. No
person other than a successor owner may become an Insured after the Rider Effective Date.
If the spouse of a person who is an Insured becomes the successor owner of the interest of
the Participant in the Contract, then that spouse will become the Insured.

-1-

 

Early Withdrawal Charge: An early withdrawal charge, surrender charge, contingent deferred
sales charge, or premature use charge that may apply to a withdrawal, surrender, or
annuitization under the Contract. It does not include a proportional reduction in values or
benefits. It does not include a market value adjustment.

Physician: A person who is licensed in the United States as a medical doctor (M.D.) or a
doctor of osteopathy (D.O.) and who is practicing within the scope of his or her license.
The term “Physician” does not include a Participant, an Insured, a Family Member of a
Participant or Insured, or an employee, officer, director, owner, partner, member, or agent
of a Participant that is not a natural person.

Family Member: A spouse, parent, grandparent, child, grandchild, sibling, aunt, uncle,
first cousin, niece, or nephew, or any such relative by marriage or adoption, including
in-laws and step-relatives.

Rider Effective Date: For a Participant, his or her Certificate Effective Date, or the date
that this Rider was added to the Contract, whichever is later.

Termination

This Rider will terminate for the interest of a Participant in the Contract and shall have no value
when one of the following occurs:

	 	1)	 	he or she transfers or assigns an interest in the Contract, unless to an
Insured for his or her interest;
	 
	 	2)	 	the Early Withdrawal Charge period ends and no further Early Withdrawal Charge
period will apply for his or her interest in the Contract;
	 
	 	3)	 	he or she surrenders or annuitizes his or her interest in the Contract; or
	 
	 	4)	 	a death that would give rise to a death benefit for his or her interest in the
Contract, unless a spouse who is an Insured becomes the successor owner of his or her
interest in the Contract.

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 the case of conflict with other terms of the Contract, the terms
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

-2-EX-4(F)

 

Exhibit 4(f)

Home Office: Cincinnati, Ohio

Fixed Administrative Office: P.O. Box 5420, Cincinnati, Ohio 45201-5420

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

WAIVER OF EARLY WITHDRAWAL CHARGES

UPON TERMINAL ILLNESS RIDER

Your certificate of participation (your “Certificate”) issued under a group annuity contract (the
“Contract”) is changed by this Waiver of Early Withdrawal Charges Upon Terminal Illness Rider (this
“Rider”) to add the following new provisions:

Terminal Illness Waiver

Upon your Written Request, we will waive the Early Withdrawal Charges that may otherwise apply to a
withdrawal from, or surrender or annuitization of your interest in the Contract if at the time of
such withdrawal, surrender, or annuitization all of the following conditions are met:

	 	1)	 	an Insured for your interest in the Contract has been diagnosed with a terminal
illness by a Physician;
	 
	 	2)	 	as a result of the terminal illness, such Insured has a life expectancy of less
than twelve (12) months from the date of diagnosis; and
	 
	 	3)	 	such illness is first diagnosed at least one (1) year after your Certificate
Effective Date.

You must provide us with proof of a diagnosis that meets these conditions. The diagnosis and proof
must be satisfactory to us. We reserve the right to have a Physician that we choose examine the
Insured to confirm the diagnosis. The Written Request and the satisfactory diagnosis and proof
must be provided to us before the date of the withdrawal, surrender, or annuitization. This
waiver, when it applies, is in lieu of, and not in addition to, the free withdrawal allowance under
the Contract.

Definitions

Capitalized terms not defined in this Rider have the same meaning as such terms are defined in the
Certificate. The following additional definitions apply to this Rider.

Insured: An individual whose diagnosis is used to qualify for benefits described in this
Rider. For your interest in the Contract, each owner of your interest on your Rider
Effective Date who is a natural person is an Insured. If an owner of your interest on your
Rider Effective Date is not a natural person, then for such interest each Annuitant on such
date who is a natural person is an Insured. For this purpose, an individual acting as a
trustee or plan sponsor is not treated as a natural person. No person other than a
successor owner may become an Insured after your Rider Effective Date. If the spouse of a
person who is an Insured becomes the successor owner of your interest in the Contract, then
that spouse will become the Insured.

Early Withdrawal Charge: An early withdrawal charge, surrender charge, contingent deferred
sales charge, or premature use charge that may apply to a withdrawal, surrender, or
annuitization under the Contract. It does not include a proportional reduction in values or
benefits. It does not include a market value adjustment.

-1-

 

Physician: A person who is licensed in the United States as a medical doctor (M.D.) or a
doctor of osteopathy (D.O.) and who is practicing within the scope of his or her license.
The term “Physician” does not include you, an Insured, a Family Member of yours or an
Insured, or an employee, officer, director, owner, partner, member, or agent of a
Participant that is not a natural person.

Family Member: A spouse, parent, grandparent, child, grandchild, sibling, aunt, uncle,
first cousin, niece, or nephew, or any such relative by marriage or adoption, including
in-laws and step-relatives.

Rider Effective Date: For your interest in the Contract, your Certificate Effective Date,
or the date that this Rider was added to the Contract, whichever is later.

Termination

The rights described in this Rider will terminate for your interest in the Contract and shall have
no value when one of the following occurs:

	 	1)	 	you transfer or assign an interest in the Contract, unless to an Insured for
your interest;
	 
	 	2)	 	the Early Withdrawal Charge period ends and no further Early Withdrawal Charge
period will apply for your interest in the Contract;
	 
	 	3)	 	you surrender or annuitize your interest in the Contract; or
	 
	 	4)	 	a death that would give rise to a death benefit for your interest in the
Contract, unless a spouse who is an Insured becomes the successor owner of your
interest in the Contract.

This Rider is a part of your Certificate. It is not a contract. It changes your Certificate only
as and to the extent stated. In the case of conflict with other terms of your Certificate, the
terms 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

-2-EX-4(G)

 

Exhibit 4(g)

Home Office: Cincinnati, Ohio

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

GUARANTEED LIFETIME WITHDRAWAL BENEFIT RIDER

Not Transferable

This Guaranteed Lifetime 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 for the life of the Insured. 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. It will also provide guaranteed withdrawal rights for the life
of the Spouse of the Insured if the Participant so elects at the time that he or she activates this
Rider. 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]

ROLLUP PERCENTAGE: [5.0%]

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

	 	 	 
	ROLLUP BOOSTER:

	 	[0.5% AFTER 15TH ANNIVERSARY OF THE RIDER EFFECTIVE DATE FOR A]
	 

	 	[PARTICIPANT, PROVIDED THAT THERE HAS BEEN NO EXCESS ]
	 

	 	[WITHDRAWAL FOR THE PARTICIPANT 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 THE BENEFIT START DATE OF A PARTICIPANT IS ON OR AFTER]
	 

	 	[15TH ANNIVERSARY OF HIS OR HER 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 Group	 	 	 	On Group	 	 
	 	 	Rider Date	 	Maximum	 	Rider 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]

	 	 	 
	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
	 	 	4	 
	 
	 	 	 	 
	GENERAL PROVISIONS
	 	 	5	 
	 

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

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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.

Enhanced Benefit: When elected by a Participant, an additional Benefit available as set out in the
Enhanced Benefit provision of this Rider.

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.

Insured: For a Participant, the person whose lifetime is used to measure his or her Benefits under
this Rider. The Insured on the Rider Issue Date of a Participant is set out on the Rider
Specifications page of his or her Certificate.

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

If the spouse of the person who is the Insured on the Rider Issue Date becomes the owner or
successor owner of the interest in the Contract before the 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 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.

-4-

 

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.

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 before his or her Benefit Start Date on which ownership of his or her
interest in the Contract is transferred to the spouse of the Insured if a Spousal
Benefit is not in effect and 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 Spousal Benefit is not in effect and the spouse of the
Insured becomes the successor owner of his or her interest in the Contract.

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.

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

Spouse: The person who is the spouse of the Insured as of the Benefit Start Date of the
Participant. 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 the Benefit Start Date of
the Participant.

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)	 	the Insured is age 86 or older; or
	 
	 	4)	 	there is another rider then in effect for the interest of the Participant 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.

-5-

 

At the time of activation, a Participant 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 the Benefit Start Date of the
Participant, and the Spouse survives the Insured, is the sole Beneficiary, and elects to become the
successor owner of the interest in the Contract.

At the time of activation, a Participant may elect to activate the Enhanced Benefit. An Enhanced
Benefit will only be of value if the Participant satisfies the requirements and elects to take the
Enhanced Benefit while this Rider is in effect for the Participant.

Such elections are to be made by Written Request. Such elections 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.

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 Participant.

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 the Contract values of the Participant
and his or her Benefit Base Amount accordingly. Such adjustments may in turn cause portions of
later Benefit payments to be treated as Excess Withdrawals. This Rider will terminate for the
Participant if his or her adjusted Benefit Base Amount is below the minimum. We may also pursue
other remedies at law or in equity.

Rights of Insured Not Transferable

For each Participant, this Rider covers the Insured. It may also cover the Spouse of the Insured.
It does not cover any other person. Rights to Benefits for a Participant under this Rider cannot
be transferred or assigned except to the Insured, or in the case of a Spousal Benefit, to the
Spouse.

Declining this Rider

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

-6-

 

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 Rates on the Group Rider Date are set out on the Rider Specifications page, and
are subject to change from time to time. For a Participant, the Rider Charge Rates on his or her
Rider Issue Date are set out on the Rider Specifications page of his or her Certificate. We may
change the Rider Charge Rates 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; or
	 
	 	4)	 	a Spousal Benefit is not in effect, and the spouse of the Insured becomes the
owner or successor owner of the interest in the Contract.

The Rider Charge Rates for a Participant will never exceed the maximum Rider Charge Rates set out
on the Rider Specifications page. Changes, if any, in the Rider Charge Rates for a Participant 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 this Rider is in effect for a Participant 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 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 Insured reaches the youngest age
found on the Benefit Percentage table. If a Spousal Benefit is in effect, then the 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 the Rider Specifications page.

A Participant must pay off all Loans on or before his or her Benefit Start Date. The Benefit Start
Date may not be after the date that this Rider terminates for the Participant.

-7-

 

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)	 	the sum of his or her Benefit Percentage and any Benefit Booster for which he
or she has qualified as of that Certificate Year; 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 determined at that point in time; less
	 
	 	2)	 	the amount of each Benefit payment, if any, previously made for the interest of
the Participant in the Contract during the current Certificate Year.

The Benefit Percentage for a Participant is fixed on his or her Benefit Start Date based on the
table set out on the Rider Specifications page. The Benefit Percentage is based on the age of the
Insured on the Benefit Start Date of the Participant, 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 the Benefit Start Date of the Participant.

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; plus
	 
	 	3)	 	Rollup Amounts credited for the Participant since his or her most recent Reset
Date; and minus
	 
	 	4)	 	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.

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Rollup Amounts

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

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

The Rollup Amount for a Participant for a Certificate Year is equal to:

	 	1)	 	the sum of the Rollup Percentage and any Rollup Booster, as set out on the
Rider Specifications page, for which he or she has qualified as of that Certificate
Year; multiplied by
	 
	 	2)	 	his or her Rollup Base.

The Rollup Base for a Participant for a Certificate Year is equal to:

	 	1)	 	his or her Account Value on his or her most recent Reset Date; plus
	 
	 	2)	 	Purchase Payments received for the Participant since that Reset Date but before
the beginning of his or her current Certificate Year; plus
	 
	 	3)	 	each Purchase Payment received for the Participant 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 a Participant for a Certificate Year unless the full
Certificate Year is included in a Rollup Period of the Participant.

Minimum Benefit

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.

Enhanced Benefit

If the Enhanced Benefit under this Rider was elected for the interest of the Participant in the
Contract at the time of activation, then he or she may take the Enhanced Benefit in any Certificate
Year provided:

	 	1)	 	he or she makes Written Request to take the Enhanced Benefit before the
beginning of the Certificate Year;
	 
	 	2)	 	the Certificate Year begins on or after his or her 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 the
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 the Rider Specifications page;
	 
	 	5)	 	the Enhanced Benefit for his or her interest in the Contract has not already
been taken for more Certificate Years than the Enhanced Benefit Duration, which is set
out on the Rider Specifications page; and
	 
	 	6)	 	this Rider has not terminated for the Participant.

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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, the annual Benefit amount for the
Participant will be equal to:

	 	1)	 	his or her Benefit Percentage, as determined under the Benefit Amount provision
of this Rider on his or her Benefit Start Date; multiplied by
	 
	 	2)	 	his or her 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 the Rider Specifications page.

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 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 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.

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.

-10-

 

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, 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, no Excess Withdrawals for the Participant are
possible, and his or her interest in the Contract cannot be annuitized.

Annuity Benefit of Contract

The Annuity Benefit of a Participant will not be less than his or her annual Benefit amount, as
determined under the Benefit Amount provision of this Rider as of his or her Annuity Commencement
Date, if:

	 	1)	 	his or her 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)	 	his or her actual Annuity Commencement Date is on or after his or her original
Annuity Commencement Date set out on the Certificate Specifications page; and
	 
	 	3)	 	his or her actual Annuity Commencement Date is reached while this Rider is in
effect for the Participant and after his or her Benefit Start Date.

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TERMINATION

All rights under this Rider for the interest of a Participant in the Contract terminate upon any
one 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 the
Insured, or to the spouse of the Insured before the Benefit Start Date of the
Participant, or to the Spouse of the Insured when a Spousal Benefit has been elected;
	 
	 	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 the spouse of the Insured becomes the successor owner of his or
her interest in the Contract before his or her Benefit Start Date or the Spouse of the
Insured becomes the successor owner of the Contract when a Spousal Benefit is in
effect; or
	 
	 	7)	 	the complete payment of all Benefits that are due under this Rider for his or
her interest in the Contract.

-12-

 

GUARANTEED LIFETIME WITHDRAWAL BENEFITS RIDER

Not Transferable

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