The Guaranteed Annual Lifetime Income (GALI) amount is a hypothetical value until the Income Start
Date. The GALI is determined by multiplying the Benefit Base by the applicable Lifetime Payment Factor. The
GALI 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withdrawn does not carry over to increase the GALI in future years. You must wait a minimum of 1 year before
turning on lifetime income.
The Benefit Base is the amount used to determine the GALI. It is equal to your initial premium payment,
decreased by Early or Excess withdrawals, and increased by any applicable bonuses, step-ups, and additional
premium payments. The Benefit Base is NOT a cash value, surrender value, or death benefit. It is not available
The Lifetime Payment Factor is used to calculate the GALI. For single coverage, the Lifetime Payment
Factor is based on the age of the contract owner at the time of the first withdrawal after age 50. For joint
life /spousal coverage, the percentage is based on the youngest spouse's age at the time of the first
withdrawal after age 50.
Roll-up Bonus Rate: The GLWB provides a Roll-up Bonus Rate that may be used in determining increases to
the Benefit Base during the Roll-up Bonus Period. The Roll-up Bonus Period is in effect until the earlier of
the Income Start Date or 10 years from issue.