RELIASTAR
LIFE INSURANCE COMPANY GET FUND RIDER
OF NEW YORK
A Stock Company.
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(Hereinafter called we, us and our)
The Contract to which this Rider is attached is modified by the provisions of
the Rider. This Rider's provisions control where there is a conflict between
this Rider and the Contract. This Rider is effective as of the Contract Date.
GET FUND
A GET Fund series is an investment option that we may, from time to time, make
available for allocation of Premium Payments or Accumulation Value under the
Contract. The investment objective for a series is determined by the GET Fund
Board of Trustees ("Board") and Portfolio Manager ("Manager"). The current
investment objective is to achieve maximum total return and minimum exposure of
the series assets to a market value loss, by participating, to the extent
possible, in favorable equity market performance during the Guarantee Period.
Each GET Fund series is a separate Fund and has both an Offering Period and a
Guarantee Period as described below.
GET FUND OFFERING PERIOD (OFFERING PERIOD)
Each GET Fund series has a specified Offering Period, which is usually from one
to three months, during which you may transfer or deposit amounts to a GET Fund
series. The Fund's Board and Manager may extend the Offering Period in order to
meet its minimum investment requirements. The Amounts allocated during an
Offering Period and prior to the date on which the Guarantee Period begins are
invested exclusively in money market instruments. During the Offering Period,
you may make transfers or Partial Withdrawals of amounts allocated to a GET Fund
series as described below. Once the Offering Period ends, the Guarantee Period
begins.
Each Offering Period is subject to limits as to amounts which may be invested or
transferred into a series as determined by the Fund's Board and Manager. The
Board and Manager determine all aspects of the management of a series in
accordance with its investment objectives and strategies, including whether a
series will be available and the length of an Offering Period. The Board and
Manager also determine the maximum total asset amount for a series. If that
maximum is achieved, we reserve the right to set a date on which to stop
accepting allocations into that series.
GET FUND GUARANTEE PERIOD (GUARANTEE PERIOD)
The Guarantee Period for each GET Fund series is the period immediately
following an Offering Period during which our GET Fund Guarantee applies. The
Guarantee Period begins on the first business day immediately following the last
day of the Offering Period and ends on the Maturity Date. Once a specified
Offering Period ends for a series and the Guarantee Period commences, we will
send a Confirmation Schedule to you that will show the Accumulation Value in
that series and the Guarantee Period duration, including the Maturity Date.
If the Board and Manager determine due to adverse market conditions, inadequate
assets allocated to that series, severe market volatility during an Offering
Period, or for any other reason, not to operate a series, we reserve the right
not to begin the Guarantee Period. If the Guarantee Period will not commence, we
will send written notice to you no later than 15 days after the end of the
Offering Period. You must then inform us no later than 45 days from the end of
the Offering Period to which investment options available under the Contract to
transfer the Accumulation Value in the terminated GET Fund series. During this
time, GET Fund assets are invested in money market instruments. If no election
is made by the end of the 45-day period, at the next Valuation Period we will
transfer the Accumulation Value in the terminated GET Fund series to the
Specially Designated Division shown in the Contract Schedule.
RLNY-RA-1085
GET FUND MATURITY DATE (MATURITY DATE)
The GET Fund Maturity Date is the date on which a series' Guarantee Period ends.
We will send written notice to you at least thirty days prior to a Maturity Date
of your options for transferring current value you have in that series. You must
then inform us of to which investment options available under the Contract to
transfer amounts in that series. . If you do not make an election, on the
Maturity Date we will transfer your GET Fund series amounts to another available
series of the GET Fund, if one is accepting deposits.
If no GET Fund series is available, we will transfer the Accumulation Value in
the expiring Guarantee Period to the Specially Designated Division shown in the
Contract Schedule.
GET FUND GUARANTEE
We provide a guarantee that the value of an accumulation unit of the GET Fund
Division for that series under the Contract on the Maturity Date will not be
less than its value as determined after the close of business on the last day of
the offering period for that GET Fund series. If the value on the Maturity Date
is lower than it was on the last day of the Offering Period, we will transfer
funds from our General Account to the Separate Account to make up the
difference. This means that if you remain invested in the GET Fund series until
the Maturity Date, at the Maturity Date, you will receive no less than the value
of your separate account investment allocated to the GET Fund series as of the
last day of the offering period, less any contract fees or any amounts you
transfer or withdraw from the GET Fund Division for that series.
If the Accumulation Unit Values in a GET Fund Division are adjusted at any time
during a Guarantee Period, the GET Fund Guarantee for that series will be
restated. The restated GET Fund Guarantee will be calculated so that it is
equivalent to the original GET Fund Guarantee for that series.
The GET Fund Guarantee does not apply to withdrawals or transfers made before
the Maturity Date.
CHARGE FOR GET FUND GUARANTEE
The daily charge for the GET Fund Guarantee for each series offered will be at a
maximum annual rate of 0.75%. The charge is determined prior to the beginning of
an Offering Period and is deducted daily during a series' Guarantee Period. The
charge will reduce the Fund Investment Increment or Net Return Factor(s) or Net
Return Rate.
GET FUND TRANSFER OR WITHDRAWAL
After the Contract Date, you may make transfers or Partial Withdrawals from the
GET Fund series based on the terms and provisions described in the Contract.
Amounts will be taken pro-rata from each investment option in the same
proportion as their respective values have to the total Accumulation Value under
the Contract, unless you specify otherwise.
A transfer or withdrawal from a GET Fund series during that series' Offering
Period or before its' Guarantee Period Maturity Date will be based on the
Accumulation Unit Value in the GET Fund Division for the Valuation Period next
following the date on which we receive satisfactory notice at our Customer
Service Center.
Endorsed and made part of the Contract on the Contract Date.
Signed: /s/ J.R. Gelder
President
RLNY-RA-1085
