The Annual Withdrawal Amount is a hypothetical value until the Income Start Date. The Annual Withdrawal Amount is determined by multiplying the Withdrawal Benefit Base by the applicable Lifetime Withdrawal Percentage. The Annual Withdrawal Amount is not cumulative, i.e., if you do not take the full withdrawal in one year, the amount not withdrawn does not carry over to increase the Annual Withdrawal Amount in future years.

The Withdrawal Benefit Base is the amount used to determine the Annual Withdrawal Amount. It is equal to your initial purchase payment, decreased by Early or Excess withdrawals, and increased by any applicable bonuses, step-ups, and additional purchase payments. The Withdrawal Benefit Base is NOT a cash value, surrender value, or death benefit. It is not available for withdrawal.

The Lifetime Withdrawal Percentage is used to calculate the Annual Withdrawal amount. For single coverage, the Lifetime Withdrawal Percentage is based on the age of the contract owner at the time of the first withdrawal after age 55. For joint life /spousal coverage, the percentage is based on the youngest spouse's age at the time of the first withdrawal after age 55.

Bonus Rate: The GLWB provides a Bonus Rate that may be used in determining increases to the Withdrawal Benefit Base during the Bonus Period. The Bonus Period is in effect until the earlier of the Income Start Date or 10 years from issue.