Exhibit 4(h)(ii) MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT RIDER RIDER SECTION 1. GENERAL INFORMATION 1.1 WHAT IS OUR AGREEMENT Our agreement with you includes this rider and WITH YOU? its application, as a part of the contract to which it is attached....
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Exhibit 4(h)(ii)
MAXIMUM ANNIVERSARY VALUE DEATH BENEFIT RIDER
RIDER SECTION 1. GENERAL INFORMATION
1.1 WHAT IS OUR AGREEMENT Our agreement with you includes this rider and
WITH YOU? its application, 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 value
PROVIDED BY THIS RIDER? death benefit during the accumulation period.
1.3 WHEN WILL THIS RIDER This rider will terminate on the earliest of:
TERMINATE?
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 The annual charge for this rider is shown on
THIS RIDER? the contract data page. The charge is equal to
a percentage of the average monthly contract
value for the prior 12 month period. 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 on the date of any full
surrender or payout date, if not on a contract
anniversary. The charge for a partial year will
be in proportion to the number of months since
the prior contract anniversary. A partial month
will be counted as a full month.
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 to
DURING THE ACCUMULATION 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 loan amount and any
applicable premium expense charges not
previously deducted.
2000-MAV-RV1
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 issue 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 Insurance Society
A Mutual Insurance Company
/s/ Xxxx Xxxx
President
