We promise to provide the death benefit described in this rider as long as the contract and this rider are in force and all the terms and conditions of this rider are met.
EXHIBIT 4(g)
MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT RIDER
RIDER SECTION 1. GENERAL INFORMATION
1.1 WHAT IS OUR Our agreement with you includes this rider
AGREEMENT WITH YOU? as a part of the contract to which it is
attached. The provisions of the contract
apply to this rider unless they conflict
with the rider. If there is a conflict, the
rider provision will apply. The issue date
for this rider is the same issue date as
the contract to which it is attached.
We promise to provide the death benefit
described in this rider as long as the
contract and this rider are in force and
all the terms and conditions of this rider
are met.
1.2 WHAT IS THE BENEFIT This rider provides a maximum anniversary
PROVIDED BY THIS value death benefit during the accumulation
RIDER? period.
1.3 WHEN WILL THIS RIDER This rider will terminate on the earliest
TERMINATE? of:
a.) the date death proceeds become
payable;
b.) the payout date;
c.) the date you surrender your
contract; or
d.) the date you choose to end this
rider. You may end it by written
request.
Once this rider terminates, the charges
for it will cease and the benefit will
no longer be available.
RIDER SECTION 2. RIDER CHARGES
2.1 IS THERE A CHARGE FOR There is an annual charge for this rider.
THIS RIDER? The annual charge is determined by
multiplying the annual percentage charge
(shown on the contract data page) by the
average monthly contract value for the
prior year. The average monthly contract
value is equal to the sum of each monthly
contract value (the contract value as of
the same day of the month as the contract
issue date) divided by the number of
months.
During the accumulation period, this charge
will be deducted pro-rata from your
contract value on each contract
anniversary. This charge will also be
deducted upon full surrender of the
contract, payment of death proceeds or
selection of a payout option, if not on a
contract anniversary. The charge for a
partial year will be in proportion to the
number of days since the prior contract
anniversary
RIDER SECTION 3. DEATH BENEFIT PROCEEDS
3.1 WHAT AMOUNT WILL BE PAID The amount that will be paid under this
AS DEATH BENEFIT PROCEEDS contract as death benefit proceeds is equal
DURING THE ACCUMULATION to the greater of:
PERIOD?
a.) the death benefit proceeds provided
by the contract to which this rider
is attached;
b.) the death benefit proceeds provided
by any other rider attached to the
contract; or
c.) the maximum anniversary value
described in Rider Section 4 as of
the date due proof of death is
received.
The death benefit proceeds described above
will be reduced by any applicable premium
expense charges not previously deducted.
RIDER SECTION 4. MAXIMUM ANNIVERSARY VALUE
4.1 WHAT IS THE MAXIMUM On the contract issue date, the maximum
ANNIVERSARY VALUE? anniversary value is equal to your initial
purchase payment.
After the contract issue date, the maximum
anniversary value will be calculated on the
following dates:
a.) the date we receive an additional
purchase payment;
b.) the date of payment of a partial
withdrawal; and
c.) on each contract anniversary.
Such value is calculated on each of these
dates as follows:
PURCHASE PAYMENT. The maximum anniversary
value upon receipt of a purchase payment is
equal to:
a.) the most recently calculated
maximum anniversary value;
B.) PLUS the net purchase payment.
PARTIAL WITHDRAWAL. The maximum anniversary
value upon payment of a partial withdrawal
is equal to:
a.) the most recently calculated
maximum anniversary value;
b.) MINUS an adjustment for each
partial withdrawal equal to (1)
divided by (2), with the result
multiplied by (3), where:
(1)= the partial withdrawal amount;
(2)= the contract value
immediately prior to the
partial withdrawal; and
(3)= the most recently calculated
maximum anniversary value
immediately prior to the
partial withdrawal, less any
adjustments for prior partial
withdrawals.
CONTRACT ANNIVERSARY. The maximum
anniversary value on each contract
anniversary is equal to the greater of:
a.) your contract value; or
b.) the most recently calculated
maximum anniversary value.
CUNA Mutual Life Insurance Company
A Mutual Insurance Company
/s/ Xxxxxxx X. Kitchen
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President
