Rider Termination. The rider will automatically terminate at the earliest of:
Rider Termination. This Rider may not be cancelled by the Owner, unless the Contract is terminated. This Rider will terminate immediately if any of the following events occur:
Rider Termination. This Rider may not be cancelled unless the Contract is terminated, other than as described in the “Guaranteed Withdrawal Status,” “Death of Owner,” or “Change of Owner” sections. This Rider has no surrender value or other non-forfeiture benefits upon termination. MISSTATEMENT OF AGE, SEX, OR MARITAL STATUS If the age, sex, or marital status used in determining any benefits provided by this Rider have been misstated, the amounts payable or benefits provided will be those that this Rider would have provided at the correct age, sex, or marital status. We reserve the right to recover, and you agree to repay to us, the amounts overpaid. We also reserve the right, alternatively, to recoup the amounts overpaid by reducing the MAW, future MGWB Periodic Payments, future Lifetime Income Payments, or future Annuity Payments under an Annuity Option. Signed; /s/ Jxx X. Xxxxxx Secretary IU-RA-3029 8
Rider Termination. This Rider may not be cancelled unless the Contract is surrendered or otherwise terminated, other than as described in the “Guaranteed Withdrawal Status”, “Lifetime Guaranteed Withdrawal Status”, “Automatic Periodic Benefit Status”, “Lifetime Automatic Periodic Benefit Status”, “Death of Owner/Annuitant”, or “Change of Owner/Annuitant” sections. This Rider has no surrender value or other non-forfeiture benefits upon termination. Signed; /s/ Joy M. Benner Secretary
Rider Termination. You may terminate the rider at anytime after the 5th anniversary date of the effective date of this rider by written notice to Us. All benefits plus the charge for this rider would then cease and You would not be able to later add this rider to Your contract. HL-VA04PFL Page 1 of 4 Printed in U.S.A. Benefit Amount (BA) Your BA is determined at the following times and is subject to a maximum BA of $5,000,000: At Rider Effective Date If this rider is effective on the Contract Issue Date, then the BA equals the premium payments. If this rider is effective after the Contract Issue Date, then the BA equals 100% of the Contract Value on the rider effective date. When a subsequent premium payment is made Upon each subsequent premium payment, the BA is recalculated to equal the sum of the BA immediately prior to receipt of the subsequent premium payment, plus 100% of the subsequent premium payment. The Company reserves the right to restrict subsequent premium payments. When a partial surrender is made Whenever a partial surrender is made, the BA will be equal to the amount determined in either (A) or (B) as follows:
Rider Termination. The Rider may be terminated at the Owner’s request after the Rider Date. Once the Rider has terminated, it may not be restarted at any time. To request termination of the Rider, you must make a request to our Executive Office. The request must be in a form acceptable to us. The termination will go into effect when we receive the request to terminate the Rider, and the request is accepted and recorded by us. The Rider automatically terminates and Income Withdrawals cease in the event of the following: • Upon the death of the Owner; • Upon the request for a full surrender of the Contract; • Upon election of a Payment Plan under the Contract; • If the Benefit Base becomes zero due to Excess Withdrawals; • A change in ownership; or • A change in Annuitant. Upon the death of any Owner, or Annuitant if the Owner is a non-living entity, the underlying Contract will terminate unless the Contract and the Rider are continued by the surviving spouse. See Section 5 of the Rider for details. In all other instances, the Rider will terminate immediately and any Income Withdrawals payable under this Rider will cease. This Rider has no Cash Surrender Value or other non-forfeiture benefits. Vice President EquiTrust Life Insurance Company® West Des Moines, Iowa 50266 Enhanced Rider SPECIMEN This Rider is attached to and made part of the Contract to which it is attached. This Rider is only available if the Contract has an Income Benefit Rider attached. This Rider is an enhancement to the Income Benefit Rider. If any provisions of the Contract conflict with the Rider, the provisions of the Rider will apply. Benefits provided and charges assessed under the terms and conditions of this Rider are described on the following pages. TABLE OF CONTENTS 1. GENERAL DEFINITIONS 2. ELIGIBILITY REQUIREMENTS
Rider Termination. The Rider may be terminated at the Owner’s request after the Enhanced Rider Date. Once the Rider has terminated, it may not be restarted at any time. To request termination of the Rider, you must make a request to our Executive Office. The request must be in a form acceptable to us. The termination will go into effect when we receive the request to terminate the Rider, and the request is accepted and recorded by us. SPECIMEN The Rider automatically terminates and Enhanced Income Withdrawals cease in the event of the following: • Upon the death of the Eligible Owner; • Upon the request for a full surrender of the Contract; • Upon election of a Payment Plan under the Contract; • If the Benefit Base becomes zero due to Enhanced Excess Withdrawals; • A change in ownership; • A change in Annuitant; • The termination of the Income Benefit Rider; • Annual Chronic Illness certification requirements are not met; • At the end of the Maximum Period for Enhanced Income Withdrawals; • If eligibility requirements are no longer met; or • If Enhanced Excess Withdrawals reduce the Accumulation Value to zero. This Rider has no Cash Surrender Value or other non-forfeiture benefits. Vice President EquiTrust Life Insurance Company 0000 Xxxxxxxxxx Xxxxxx, Xxxx Xxx Xxxxxx, Xxxx 00000-0000 Nursing Home Waiver This rider is a part of the policy to which it is attached.
Rider Termination. The Rider automatically terminates in the event of the following: • Upon written request from the Owner; • The Base Contract terminates; • The Death Benefit of the Contract has been paid; or • You elect to take a one-time benefit under this Rider. Vice President FLEXIBLE PREMIUM FIXED AND EQUITY INDEX DEFERRED ANNUITY CONTRACT Annuity benefit payable at Income Date. Death benefit payable in event of the Owner’s death prior to Income Date. CASH SURRENDER VALUES MAY INCREASE OR DECREASE BASED ON THE EQUITY INDEX AND MARKET VALUE ADJUSTMENT FEATURES OF THIS CONTRACT. THE INITIAL INTEREST RATES FOR THE FIXED RATE ACCOUNT ARE FOR ONE YEAR ONLY. WHILE CONTRACT VALUES MAY BE AFFECTED BY AN EXTERNAL INDEX, THE CONTRACT DOES NOT DIRECTLY PARTICIPATE IN ANY STOCK, BOND OR EQUITY INVESTMENTS. NONPARTICIPATING SPECIMEN
Rider Termination. You may terminate the rider at anytime after the 5th anniversary date of the effective date of this rider by written notice to Us. All benefits plus the charge for this rider would then cease and You would not be able to later add this rider to Your contract. HL-VA04PFL Page 1 of 4 Printed in U.S.A. I267R0.FRM Benefit Amount (BA) Your BA is determined at the following times and is subject to a maximum BA of $5,000,000: At Rider Effective Date If this rider is effective on the Contract Issue Date, then the BA equals the premium payments. If this rider is effective after the Contract Issue Date, then the BA equals 100% of the Contract Value on the rider effective date. When a subsequent premium payment is made Upon each subsequent premium payment, the BA is recalculated to equal the sum of the BA immediately prior to receipt of the subsequent premium payment, plus 100% of the subsequent premium payment. The Company reserves the right to restrict subsequent premium payments. When a partial surrender is made Whenever a partial surrender is made, the BA will be equal to the amount determined in either (A) or (B) as follows:
Rider Termination. The Rider may be terminated at the Owner’s request. Once the Rider has terminated, it may not be restarted at any time. To request termination of the Rider, you must make a request to our Executive Office. The request must be in a form acceptable to us. The termination will go into effect when we receive the request to terminate the Rider, and the request is accepted and recorded by us. The Rider automatically terminates and LTC Benefit Payments cease in the event of the following: • Upon the death of the Owner; or • Upon the request for a full surrender of the Contract; or • Upon election of a Payment Plan under the Contract; or • If the Accumulation Value becomes zero due to non-LTC partial withdrawals; or • A change in ownership; or • A change in Annuitant; or • Spousal Continuation of the Contract; or • Once all the LTC Benefit Payments have reduced the LTC Benefit Base to zero. Upon the death of any Owner, or Annuitant if the Owner is a non-living entity, the underlying Contract and this Rider will terminate. LTC Benefit Payments payable under this Rider will cease at that time. This Rider has no Cash Surrender Value or other non-forfeiture benefits.
