Document:

iu-ra4021.htm - Generated by SEC Publisher for SEC Filing

 

	 ING Life Insurance and Annuity Company

P.O. BOX 10450, 909 LOCUST STREET,DES MOINES, IOWA 50306-0450

 

	 Individual Retirement Annuity Endorsement

 

 The Contract to which this Individual Retirement Annuity Endorsement (this “Endorsement”) is attached is hereby modified by the provisions of this Endorsement. The Endorsement provisions shall control if there is a conflict between the Endorsement and the Contract, including any other endorsements or riders issued with the Contract. Any capitalized terms not defined in this Endorsement shall have the meaning given to them in the Contract. This Endorsement is effective as of the Contract Date.

 This Endorsement amends the Contract in order to meet the qualification requirements for an Individual Retirement Annuity (“IRA”) under Section 408(b) of the Code, and shall be interpreted in accordance with that section.

 YOU MAY RETURN YOUR IRA AT THE ADDRESS SHOWN ABOVE WITHIN 7 DAYS (OR LONGER IF REQUIRED BY LAW OR BY THE PROVISIONS OF YOUR IRA) AFTER THE DATE YOU RECEIVE IT. IF SO RETURNED, WE WILL PROMPTLY RETURN YOUR ENTIRE PREMIUM PAID LESS ANY WITHDRAWALS OR SURRENDERS. IF YOU RETURN YOUR IRA AFTER 7 DAYS, THE RETURN OF FUNDS WILL BE IN ACCORDANCE WITH THE "RIGHT TO EXAMINE AND RETURN THIS CONTRACT" PROVISION OF THE CONTRACT TO WHICH THIS IRA ENDORSEMENT IS ATTACHED.

 If you send correspondence indicating your intent to return your IRA, your letter must be postmarked during the 7-day period (or longer if required by law or by the provisions of your IRA) following the date you received your IRA. You must also enclose your Contract.

	 1. IMPORTANT TERMS AND DEFINITIONS

 

 Compensation means wages, salaries, professional fees, or other amounts derived from or received for personal services actually rendered (including, but not limited to commissions paid salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, and bonuses) and includes earned income, as defined in Section 401(c)(2) of the Code (reduced by the deduction you take for Contributions made to a self-employed retirement plan if you are self-employed). For the purposes of this definition, Section 401(c)(2) of the Code shall be applied as if the terms “trade” or “business” for purposes of Section 1402 of the Code includes service described in subsection (c)(6). Compensation does not include amounts derived from or received as earnings or profits from property (including but not limited to interest and dividends) or amounts not includible in gross income. Compensation also does not include any amount received as a pension or annuity or as deferred compensation. Compensation shall include any amount includible in your gross income under Section 71 of the Code with respect to a divorce or separation instrument described in subparagraph (A) of Section 71(b)(2) of the Code. The term “compensation” includes any differential wage payment, as defined in Section 3401(h)(2) of the Code. For purposes of this definition, the amount of compensation includible in your gross income shall be determined without regard to Section 112 of the Code.

 Contribution means Premium, as used in the Contract. Contributions may be limited under the “CONTRIBUTIONS” section below.

 Designated Beneficiary means a natural person who is a “designated beneficiary” within the meaning of Section 401(a)(9) of the Code and the Income Tax Regulations thereunder.

 Interest means the Accumulation Value plus the amount of any outstanding rollover, transfer and recharacterization under Q&As-7 and -8 of Section 1.408-8 of the Income Tax Regulations and, prior to the date that the Contract is annuitized, the actuarial value of any other benefits provided under the Contract, such as certain guaranteed living and death benefits.

 Income Tax Regulations mean the regulations found in Title 26 of the Code of Federal Regulations.

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	 2. NON-FORFEITABLE AND NON-TRANSFERABLE

 

 The Contract is established for the exclusive benefit of you or your beneficiaries. Joint Owners are not permitted. You are also the Annuitant.

 Your Interest in the Contract is nontransferable and, except as provided by law, is nonforfeitable. It may not be sold, assigned, discounted or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose.

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	 3. CONTRIBUTIONS

 

		
	 3.1 Maximum Regular Contribution Limits 
	          The Contract to which this Endorsement is attached may permit the Contribution of: (1) an Initial Premium and 
	          Additional Premiums, (2) an Initial Premium and, on a limited basis, Additional Premiums, or (3) only a Single 
	          Premium. In addition, the Contract may require the payment of a minimum Premium amount. Additional 
	          Premiums, if permitted under the Contract, will be subject to a minimum amount that is not greater than $50. 
	          (1) 	 A Contribution permitted under the Contract may include a rollover contribution (as permitted by Code 
	  	 Sections 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), 408(d)(3) and 457(e)(16)), a non-taxable 
	  	 transfer from an individual retirement plan under Code Section 7701(a)(37), and cash not exceeding 
	  	 $5,000 for any taxable year. In addition, if the Contract permits the Contribution of an Initial Premium and 
	  	 Additional Premiums, a permitted Contribution may include a Contribution made in accordance with the 
	  	 terms of a Simplified Employee Pension (SEP) as described in Code Section 408(k). After 2008, this 
	  	 annual cash contribution limit will be adjusted by the Secretary of the Treasury for cost-of-living increases 
	  	 under Code Section 219(b)(5)(D). Such adjustments will be in multiples of $500. 
	          (2) 	 In the case of an individual who is 50 or older, the annual cash contribution limit is increased by $1,000 for 
	  	 any taxable year beginning in 2006 and years thereafter. 
	          (3) 	 In addition to the amounts described in paragraphs (1) and (2) above, a Contribution permitted under the 
	  	 Contract may include an individual’s repayment of a qualified reservist distribution described in Code 
	  	 Section 72(t)(2)(G) during the 2-year period beginning on the day after the end of the active duty period. 

	
	 3.2 SIMPLE IRA Contribution Limitation 
	          No Contributions will be accepted under a SIMPLE IRA plan established by any employer pursuant to Section 
	          408(p) of the Code. Also, no transfer or rollover of funds attributable to Contributions made by a particular 
	          employer under its SIMPLE IRA plan will be accepted from a SIMPLE IRA, that is, an IRA used in conjunction 
	          with a SIMPLE IRA plan, prior to the expiration of the 2-year period beginning on the date you first participated 
	          in that employer’s SIMPLE IRA plan. 

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	 4. REQUIRED MINIMUM DISTRIBUTIONS

 

	
	 4.1 In General 
	          Notwithstanding any provision of this IRA to the contrary, the distribution of your Interest in this IRA shall be 
	          made in accordance with the requirements of Code Section 408(b)(3) and the Income Tax Regulations 
	          thereunder, the provisions of which are herein incorporated by reference. If distributions are not made in the 
	          form of an annuity on an irrevocable basis (except for acceleration), then distribution of the Interest in this IRA 
	          must satisfy the requirements of Section 408(a)(6) of the Code and the regulations thereunder, rather than the 
	          provisions of subsections 4.2 and 4.3. 
	  
	 4.2 Required Minimum Distributions 
	          Your entire Interest in the IRA will be distributed no later than April 1 following the calendar year in which you 
	          attain 701⁄2 (the "required beginning date") over your life or the lives of you and your Designated Beneficiary, or 
	          a period certain not extending beyond your life expectancy or the joint and last survivor expectancy of you and 
	          your Designated Beneficiary. Payments must be made in periodic payments at intervals of no longer than 1 
	          year and must be either nonincreasing or they may increase only as provided in Q&As-1 and -4 of Section 
	          1.401(a)(9)-6 of the Income Tax Regulations. In addition, any distribution must satisfy the incidental benefit 
	          requirements specified in Q&A-2 under Section 1.401(a)(9)-6 of the Income Tax Regulations. 
	  
	          The distribution periods described in the paragraph above cannot exceed the periods specified in Section 
	          1.401(a)(9)-6 of the Income Tax Regulations. 
	  
	          The first required payment can be made as late as April 1 of the year following the year in which you attain 
	          701⁄2 and must be the payment that is required for one payment interval. The second payment need not be 
	          made until the end of the next payment interval. If all or a portion of an individual account is used to purchase 
	          an annuity after distributions are required to commence (the required beginning date, in the case of 
	          distributions commencing before death, or the date determined under Q&A-3 of Section 1.401(a)(9)-3 of the 
	          Income Tax Regulations, in the case of distributions commencing after death), payments under the annuity, 
	          and distributions of any remaining account, must be made in accordance with Q&A-5(e) of Section 
	          1.401(a)(9)-5 of the Income Tax Regulations. 

		
	 4.3 Distributions Upon Death 
	          Death On or After Required Distributions Commence. If you die on or after the date required distributions 
	          commence, the remaining portion of your Interest will continue to be distributed under the Contract option 
	          chosen. 
	  
	          Death Before Required Distributions Commence. If you die before required distributions commence, your 
	          entire Interest will be distributed at least as rapidly as follows: 
	          (1) 	 If the Designated Beneficiary is someone other than your surviving spouse, the remaining portion of the 
	  	 entire Interest will be distributed, starting by the end of the calendar year following the calendar year of 
	  	 your death, over the Designated Beneficiary’s life, or over a period not extending beyond the remaining life 
	  	 expectancy of the Designated Beneficiary, with such life expectancy determined using the age of the 
	  	 Designated Beneficiary as of his or her birthday in the year following the year of your death, or if elected, in 
	  	 accordance with paragraph (3) below. 
	          (2) 	 If the sole Designated Beneficiary is your surviving spouse, the entire Interest must be distributed, starting 
	  	 by the end of the calendar year following the calendar year of your death (or by the end of the calendar 
	  	 year in which you would have attained age 701⁄2, if later), over such spouse’s life, or over a period not 
	  	 extending beyond the remaining life expectancy of the surviving spouse, or, if elected, in accordance with 
	  	 paragraph (3) below. If the surviving spouse dies before required distributions commence to him or her, 
	  	 the remaining Interest will be distributed, starting by the end of the calendar year following the calendar 
	  	 year of the spouse’s death, over the spouse’s Designated Beneficiary’s life, or over a period not extending 
	  	 beyond the remaining life expectancy determined using such Designated Beneficiary’s age as of his or her 
	  	 birthday in the year following the death of the spouse, or, if elected, will be distributed in accordance with 
	  	 paragraph (3) below. 
	  
	  	 If the surviving spouse dies after the required distributions commence to him or her, any remaining 
	  	 Interest will continue to be distributed under the Contract option chosen. 

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	 (3) 	 If there is no Designated Beneficiary, or if applicable by operation of paragraph (1) or (2) above, the entire 
	  	 Interest will be distributed by the end of the calendar year containing the 5th anniversary of your death (or 
	  	 of the spouse’s death in the case of the surviving spouse’s death before distributions are required to begin 
	  	 under paragraph (2) above). 
	 (4) 	 Life expectancy is determined using the Single Life Table in Q&A-1 of Section 1.401(a)(9)-9 of the Income 
	  	 Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated 
	  	 Beneficiary, such spouse’s remaining life expectancy for a year is the number in the Single Life Table 
	  	 corresponding to such spouse’s age in the year. In all other cases, remaining life expectancy for a year is 
	  	 the number in the Single Life Table corresponding to the Designated Beneficiary’s age in the year 
	  	 specified in paragraph (1) or (2) above and reduced by 1 for each subsequent year. If distributions are 
	  	 made in the form of an annuity, life expectancy is not recalculated. 
	 (5) 	 For purposes of this Section 4.3, required distributions are considered to commence on your required 
	  	 beginning date or, if applicable, on the date distributions are required to begin to the surviving spouse 
	  	 under paragraph (2) above. However, if distributions start prior to the applicable date in the preceding 
	  	 sentence, on an irrevocable basis (except for acceleration) under an annuity contract meeting the 
	  	 requirements of Section 1.401(a)(9)-6 of the Income Tax Regulations, then required distributions are 
	  	 considered to commence on the annuity starting date. 
	 (6) 	 If you die prior to the date annuity payments commence under the Contract and the sole Designated 
	  	 Beneficiary is your surviving spouse, the spouse may elect to treat the Contract as his or her own IRA. 
	  	 This election will be deemed to have been made if such surviving spouse makes a Contribution to the 
	  	 Contract or fails to take required distributions as the Designated Beneficiary. This election may only be 
	  	 made once, and thus may not be made a second time if the surviving spouse Designated Beneficiary 
	  	 elects to treat the IRA as his or her own, remarries, and his or her new spouse is the sole Designated 
	  	 Beneficiary. 

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	5. GENERAL PROVISIONS

	5.1 Multiple IRAs 
	         If you own more than one IRA, the required minimum distribution must be calculated separately for each IRA. 
	         The separately calculated amounts may be totaled and the total distribution taken from any one or more of 
	         your IRAs under the rules set forth in Q&A-9 of Section 1.408-8 of the Income Tax Regulations. Amounts in 
	         IRAs that you hold as a beneficiary of the same decedent and which are being distributed under Code Section 
	         401(a)(9)(B)(iii) or (iv) may be aggregated, but such amounts may not be aggregated with amounts held in 
	         IRAs that you hold as the IRA owner or as the beneficiary of another decedent. 
	 
	5.2 Annual Report 
	         We will furnish annual calendar year reports concerning the status of the Contract and such information 
	         concerning required minimum distributions as is prescribed by the Commissioner of the Internal Revenue 
	         Service. 
	 
	5.3 Amendments 
	         We reserve the right to amend or administer this Endorsement, subject to regulatory approval, as necessary 
	         to comply with the Code, the Income Tax Regulations or published Internal Revenue Service Rulings. We will 
	         send a copy of any such amendment to you. It will be mailed to the last post office address known to us. Any 
	         such changes will apply uniformly to all Contracts that are affected. 
	 
	5.4 Annuity Plan Table 
	         When the underlying Contract is issued in connection with a SEP-IRA, Annuity Plan Tables B and C in the 
	         underlying Contract are replaced with the following tables: 

				
	Table B: Life Payments (Single Annuitant)
	 
	 	 	Life with 10 	Life with 20 
	Annuitant's 	Life Only 	Years 	Years 
	Age 	Unisex 	Period 	Period 
	 	 	Certain 	Certain 
	 	 	Unisex 	Unisex 
	50 	$2.75 	$2.74 	$2.70 
	55 	3.08 	3.07 	2.99 
	60 	3.52 	3.49 	3.34 
	65 	4.11 	4.04 	3.72 
	70 	4.93 	4.75 	4.10 
	75 	6.12 	5.67 	4.38 
	80 	7.88 	6.71 	4.53 
	85 	10.50 	7.65 	4.58 

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	Table C: Joint and Last Survivor Life Payments (Joint Annuitants)
	
	 Age 
	 
	Age 	50 	55 	60 	65 	70 	75 	80 	85 	90 	95 
	50 	$2.41 	$2.51 	$2.59 	$2.65 	$2.69 	$2.71 	$2.73 	$2.74 	$2.74 	$2.74 
	55 	2.51 	2.66 	2.79 	2.89 	2.97 	3.01 	3.04 	3.06 	3.07 	3.08 
	60 	2.59 	2.79 	2.98 	3.15 	3.29 	3.38 	3.44 	3.48 	3.50 	3.51 
	65 	2.65 	2.89 	3.15 	3.41 	3.64 	3.82 	3.97 	4.02 	4.06 	4.08 
	70 	2.69 	2.97 	3.29 	3.64 	3.99 	4.31 	4.56 	4.72 	4.82 	4.87 
	75 	2.71 	3.01 	3.38 	3.82 	4.31 	4.82 	5.27 	5.62 	5.84 	5.97 
	80 	2.73 	3.04 	3.44 	3.94 	4.56 	5.27 	6.01 	6.67 	7.15 	7.46 
	85 	2.74 	3.06 	3.48 	4.02 	4.72 	5.62 	6.67 	7.76 	8.70 	9.37 

All other provisions of the Contract remain unchanged.

	IU-RA-4021

	7iu-ra4022.htm - Generated by SEC Publisher for SEC Filing

 

	 ING Life Insurance and Annuity Company

P.O. BOX 10450, 909 LOCUST STREET,DES MOINES, IOWA 50306-0450

 

 Roth Individual Retirement Annuity Endorsement

 The Contract to which this Roth Individual Retirement Annuity Endorsement (this “Endorsement”) is attached is hereby modified by the provisions of this Endorsement. The Endorsement provisions shall control if there is a conflict between the Endorsement and the Contract, including any other endorsements or riders issued with the Contract. Any capitalized terms not defined in this Endorsement shall have the meaning given to them in the Contract. This Endorsement is effective as of the date it is attached to the Contract.

 This Endorsement amends the Contract in order to meet the qualification requirements for a Roth Individual Retirement Annuity (“Roth IRA”) under Section 408A of the Code, and shall be interpreted in accordance with that section.

 YOU MAY RETURN YOUR ROTH IRA AT THE ADDRESS SHOWN ABOVE WITHIN 7 DAYS (OR LONGER IF REQUIRED BY LAW OR BY THE PROVISIONS OF YOUR ROTH IRA) AFTER THE DATE YOU RECEIVE IT. IF SO RETURNED, WE WILL PROMPTLY RETURN YOUR ENTIRE PREMIUM PAID LESS ANY WITHDRAWALS OR SURRENDERS. IF YOU RETURN YOUR ROTH IRA AFTER 7 DAYS, THE RETURN OF FUNDS WILL BE IN ACCORDANCE WITH THE "RIGHT TO EXAMINE AND RETURN THIS CONTRACT" PROVISION OF THE CONTRACT TO WHICH THIS ROTH IRA ENDORSEMENT IS ATTACHED.

 If you send correspondence indicating your intent to return your Roth IRA, your letter must be postmarked during the 7-day period (or longer if required by law or by the provisions of your Roth IRA) following the date you received your Roth IRA. You must also enclose your Contract.

	 1. IMPORTANT TERMS AND DEFINITIONS

 

 Compensation means wages, salaries, professional fees, or other amounts derived from or received for personal services actually rendered (including, but not limited to commissions paid salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, and bonuses) and includes earned income, as defined in Section 401(c)(2) of the Code (reduced by the deduction you take for Contributions made to a self-employed retirement plan if you are self-employed). For the purposes of this definition, Section 401(c)(2) of the Code shall be applied as if the terms “trade” or “business” for purposes of Section 1402 of the Code includes service described in subsection (c)(6). Compensation does not include amounts derived from or received as earnings or profits from property (including but not limited to interest and dividends) or amounts not includible in gross income. Compensation also does not include any amount received as a pension or annuity or as deferred compensation. Compensation shall include any amount includible in your gross income under Section 71 of the Code with respect to a divorce or separation instrument described in subparagraph (A) of Section 71(b)(2) of the Code. The term “compensation” includes any differential wage payment, as defined in Section 3401(h)(2) of the Code. For purposes of this definition, the amount of compensation includible in your gross income shall be determined without regard to Section 112 of the Code. If you are married and filing a joint return, the greater Compensation of you or your spouse is treated as your own Compensation, but only to the extent that such spouse’s compensation is not being used for purposes of the spouse making a Contribution to a Roth IRA or a deductible Contribution to a non-Roth IRA.

 Contribution means Premium, as used in the Contract. Contributions may be limited under the “CONTRIBUTIONS” section below.

 Designated Beneficiary means a natural person who is a “designated beneficiary” within the meaning of Section 401(a)(9) of the Code and the Income Tax Regulations thereunder.

 Interest means the Accumulation Value plus the amount of any outstanding rollover, transfer, and re-characterization under Q&As-7 and -8 of Section 1.408-8 of the Income Tax Regulations and, prior to the date that the Contract is annuitized, the actuarial value of any other benefits provided under the Contract, such as certain guaranteed living and death benefits.

 Income Tax Regulations mean the regulations found in Title 26 of the Code of Federal Regulations.

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 Modified Adjusted Gross Income or Modified AGI means the amount defined in Section 408A(c)(3)(C)(i) of the Code and does not include any amount included in adjusted gross income as a result of a rollover from an eligible retirement plan other than a Roth IRA (a “conversion”).

 Qualified Rollover Contribution means a rollover Contribution of a distribution from an IRA that meets the requirements of Section 408(d)(3) of the Code, except the one-rollover-per-year rule of Section 408(d)(3)(B) of the Code does not apply if the rollover Contribution is from an IRA other than a Roth IRA; i.e. a non-Roth IRA. A Qualified Rollover Contribution includes a rollover from a designated Roth account described in Section 402A of the Code and an eligible retirement plan described in Section 402(c)(8)(B) of the Code.

 Recharacterization means a regular Contribution to a non-Roth IRA that is recharacterized pursuant to the rules in Section 1.408A-5 of the regulations as a regular Contribution to this Roth IRA, subject to the limits in 3.1 below.

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 2. NON-FORFEITABLE AND NON-TRANSFERABLE

 The Contract is established for the exclusive benefit of you or your beneficiaries. Joint Owners are not permitted. You are also the Annuitant.

 Your Interest in the Contract is nontransferable and, except as provided by law, is nonforfeitable. It may not be sold, assigned, discounted or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose.

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	3. CONTRIBUTIONS

3.1 Maximum Regular Contribution Limits

The Contract to which this Endorsement is attached may permit the Contribution of: (1) an Initial Premium and Additional Premiums, (2) an Initial Premium and, on a limited basis, Additional Premiums, or (3) only a Single Premium. In addition, the Contract to which this Endorsement is attached may require the payment of a minimum Premium amount. Additional Premiums, if permitted under the Contract, will be subject to a minimum amount that is not greater than $50.

Maximum Permissible Amount. A Contribution permitted under the Contract may include a Qualified Rollover Contribution, a non-taxable transfer from another Roth IRA, a Recharacterization, and cash. The total of such cash Contributions to all Roth IRA’s held by you in a taxable year may not exceed the lesser of the applicable amount (described below) or your Compensation for the year. The Contribution described in the previous sentence that may not exceed the lesser of the applicable amount or the Owner’s Compensation is referred to as a “regular Contribution.” However, notwithstanding the dollar limits on Contributions, a Contribution permitted under the Contract may include an individual’s repayment of a qualified reservist distribution described in Code Section 72(t)(2)(G) during the 2-year period beginning on the day after the end of the active duty period.

If you are under age 50, the applicable amount is $5,000 for taxable year 2008 and thereafter. After 2008, the $5,000 amount will be adjusted by the Secretary of the Treasury for cost-of-living increases under Section 219(b)(5)(D) of the Code. Such adjustments, if any, will be in multiples of $500.

If you are age 50 or older, the applicable amount under the previous paragraph is increased by $1,000.

The maximum regular Contribution that can be made to all of your Roth IRAs for a taxable year is the smaller amount determined under (1) or (2) below.

(1) The maximum regular Contribution is phased out ratably between certain levels of Modified AGI in accordance with the following table:

	Filing Status 	   Full Contribution 	Phase-out Range 	     No Contribution 
	 	 	Modified AGI 	 
				
	Single or Head of 	$95,000 or less 	Between $95,000 and 	$110,000 or more 
	Household 	 	$110,000 	 
				
	Joint Return or 	$150,000 or less 	Between $150,000 	$160,000 or more 
	Qualifying Widow(er) 	 	and $160,000 	 
				
	Married Separate 	$0 	Between $0 and 	$10,000 or more 
	Return 	 	$10,000 	 

If your Modified AGI for a taxable year is in the phase-out range, the maximum regular Contribution determined under this table for that taxable year is rounded up to the next multiple of $10 and is not reduced below $200. After 2006, the dollar amounts above will be adjusted by the Secretary of the Treasury for cost-of-living increases under Section 408A(c)(3) of the Code. Such adjustments will be in multiples of $1,000.

(2) If you make regular Contributions to both Roth IRA’s and non-Roth IRA’s in any taxable year, the maximum regular Contribution that may be made to all of your Roth   IRA’s in that taxable year is reduced by the regular Contributions made to your non-Roth IRA’s for that taxable year.

3.2 SIMPLE IRA Contribution Limitation

No Contributions to this Roth IRA will be accepted under a SIMPLE IRA plan established by any employer pursuant to Section 408(p) of the Code. Also, no transfer or rollover of funds attributable to Contributions made by a particular employer under its SIMPLE IRA plan will be accepted from a SIMPLE IRA, that is, an IRA used in conjunction with a SIMPLE IRA plan, prior to the expiration of the 2-year period beginning on the date you first participated in that employer’s SIMPLE IRA plan.

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	4

	
	 4. REQUIRED MINIMUM DISTRIBUTIONS
	  
	 4.1 In General 
	          Notwithstanding any provision of the Contract to the contrary, the distribution of your Interest in this Roth IRA 
	          shall be made in accordance with the requirements of Section 408(b)(3) of the Code, as modified by Section 
	          408A(c)(5) of the Code, and the Income Tax Regulations thereunder, the provisions of which are herein 
	          incorporated by reference. If distributions are not made in the form of an annuity on an irrevocable basis 
	          (except for acceleration), then distribution of the Interest in the Contract must satisfy the requirements of 
	          Section 408(a)(6) of the Code, as modified by Section 408A(c)(5) of the Code, and the regulations thereunder, 
	          rather than the distribution rules noted below. 
	  
	 4.2 Distributions During the Owner’s Life 
	          No amount is required to be distributed under Code Section 408A or Code Section 401(a)(9) prior to your 
	          death. However if distributions commence under an Annuity Plan while you are alive, the Annuity Plan that 
	          you may elect will be limited as necessary so that any Annuity Payments made after your death will satisfy 
	          Section 4.3 below. In particular, unless otherwise permitted under applicable federal tax law and by us, any 
	          Period Certain of Annuity Payments commencing during your life may not exceed the life expectancy of the 
	          Designated Beneficiary. 

		
	 4.3 Distributions Upon Death 
	          Upon your death, the entire Interest will be distributed at least as rapidly as follows: 
	          (1) 	 If the Designated Beneficiary is someone other than your surviving spouse, the remaining portion of the 
	  	 entire Interest will be distributed, starting by the end of the calendar year following the calendar year of 
	  	 your death, over the Designated Beneficiary’s life, or over a period not extending beyond the remaining life 
	  	 expectancy of the Designated Beneficiary, with such life expectancy determined using the age of the 
	  	 Designated Beneficiary as of his or her birthday in the year following the year of your death, or if elected, in 
	  	 accordance with paragraph (3) below. 
	          (2) 	 If the sole Designated Beneficiary is your surviving spouse, the entire Interest will be distributed, starting 
	  	 by the end of the calendar year following the calendar year of your death (or by the end of the calendar 
	  	 year in which you would have attained age 701⁄2, if later), over such spouse’s life, or over a period not 
	  	 extending beyond the remaining life expectancy of the surviving spouse, or, if elected, in accordance with 
	  	 paragraph (3) below. If the surviving spouse dies before required distributions commence to him or her, 
	  	 the remaining Interest will be distributed, starting by the end of the calendar year following the calendar 
	  	 year of the spouse’s death, over the spouse’s Designated Beneficiary’s remaining life expectancy 
	  	 determined using such Designated Beneficiary's age as of his or her birthday in the year following the 
	  	 death of the spouse, or, if elected, will be distributed in accordance with paragraph (3) below. 
	  
	  	 If the surviving spouse dies after the required distributions commence to him or her, any remaining 
	  	 Interest will continue to be distributed under the Contract option chosen. 
	          (3) 	 If there is no Designated Beneficiary, or if applicable by operation of paragraph (1) or (2) above, the entire 
	  	 Interest will be distributed by the end of the calendar year containing the 5th anniversary of your death (or 
	  	 of the spouse’s death in the case of the surviving spouse’s death before distributions are required to begin 
	  	 under paragraph (2) above). 
	          (4) 	 Life expectancy is determined using the Single Life Table in Q&A-1 of Section 1.401(a)(9)-9 of the Income 
	  	 Tax Regulations. If distributions are being made to a surviving spouse as the sole Designated 
	  	 Beneficiary, such spouse’s remaining life expectancy for a year is the number in the Single Life Table 
	  	 corresponding to such spouse’s age in the year. In all other cases, remaining life expectancy for a year is 
	  	 the number in the Single Life Table corresponding to the Designated Beneficiary’s age in the year 
	  	 specified in paragraph (1) or (2) above and reduced by 1 for each subsequent year. If distributions are 
	  	 made in the form of an annuity, life expectancy is not recalculated. 
	          (5) 	 For purposes of this Section 4.3, required distributions are considered to commence on the date 
	  	 distributions are required to begin to the surviving spouse under paragraph (2) above. However, if 
	  	 distributions start prior to the applicable date in the preceding sentence, on an irrevocable basis (except 
	  	 for acceleration) under an annuity contract meeting the requirements of Section 1.401(a)(9)-6 of the 
	  	 Income Tax Regulations, then required distributions are considered to commence on the annuity starting 
	  	 date. 

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	 (6) 	 If you die prior to the date annuity payments commence under the Contract and the sole Designated 
	  	 Beneficiary is your surviving spouse, the spouse may elect to treat the Contract as his or her own Roth 
	  	 IRA. This election will be deemed to have been made if such surviving spouse makes a Contribution to 
	  	 the Contract or fails to take required distributions as the Designated Beneficiary. This election may be 
	  	 made only once, and thus may not be made a second time if the surviving spouse Designated Beneficiary 
	  	 elects to treat the IRA as his or her own, remarries, and his or her new spouse is the sole Designated 
	  	 Beneficiary. 

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	 5. GENERAL PROVISIONS
	  
	 5.1 Annual Report 
	          We will furnish annual calendar year reports concerning the status of the Contract and such information 
	          concerning required minimum distributions as is prescribed by the Commissioner of the Internal Revenue 
	          Service. 
	  
	 5.2 Amendments 
	          We reserve the right to amend or administer this Endorsement, subject to regulatory approval, as necessary 
	          to comply with the Code, the Income Tax Regulations or published Internal Revenue Service Rulings. We 
	          will send a copy of any such amendment to you. It will be mailed to the last post office address known to us. 
	          Any such changes will apply uniformly to all Contracts that are affected. 

	 All other provisions of the Contract remain unchanged.

 

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