Without resets Sample Clauses

Without resets. The following is an illustration of the impact when there are no automatic GLWB Resets or resets of the Death Benefit Base. It assumes the same facts as the example immediately above, except it assumes negative investment performance averaging -2.35% per year, after fees. Older Annuitant Age Younger Annuitant Age Aggregate Unit Value of Income Class Units 5% Bonus Base LWA Base LWA Minimum Class Contract Maturity Benefit Minimum Class Death Benefit 70 65 $200,000 $200,000 $200,000 $9,000 ($200,000 * 4.5%) $150,000 ($200,000 * 75%) $200,000 ($200,000 * 100%) Assume the Aggregate Unit Value of Income Class Units on the reset date at age 68 is $164,170 73 68 $164,170 $200,000 (unchanged) $200,000 (unchanged) $9,000 ($200,000 * 4.5%) (unchanged) $129,286 $172,382 Assume Annual LWA withdrawal of $9,000 at end of year at age 68 73 68 $152,581 $200,000 $200,000 $9,000 $122,085 $162,780 ($161,581 - $9,000) (unchanged) (unchanged) (unchanged) [($161,581 - $9,000) [($161,581 - $9,000) / / $161,581 * $129,286] $161,581 * $172,382] Assume the Aggregate Unit Value of Income Class Units on the reset date at age 80 is $42,197 85 80 $42,197 $200,000 (unchanged) $200,000 (unchanged) $9,000 (unchanged) ($200,000 * 4.5%) $39,411 $52,549 Assume Annual LWA withdrawal of $9,000 at end of year at age 80 85 80 $32,863 $200,000 $200,000 $9,000 $30,938 $41,252 ($41,863 - $9,000) (unchanged) (unchanged) (unchanged) [($41,863 - $9,000) / $41,863 * $39,411] [($41,863 - $9,000) / $41,863 * $52,549]