Summit – Additional Product Features

• At any time on or prior to the Maturity Date the client may by written notice request to receive the Contract Cash Surrender Value in a single sum. The Cash Surrender Value will be the Accumulated Value of all premium and accumulated interest, minus any applicable surrender charges and +/- Market Value Adjustments (MVA).
• If the contract has reached the end of the Surrender Charge Period, the Cash Surrender Value will equal the Accumulated Value.
• There are no windows or automatic surrender charge renewals included as part of a Summit contract. The funds will be fully liquid following the end of the applicable 5, 7 or 10-year term and will never automatically renew for a new surrender charge period.

Annuitization - Summit Fixed Indexed Annuities may be annuitized at any time. However, if the contract has been in force for less than 5 years, the annuitized amount will be the Cash Surrender Value. If it has been in force for 5 years or more, the Accumulated Value will be annuitized. The contract may be annuitized for a fixed period of a minimum of 5 years to a maximum of 30 years, or up to the life expectancy of the Owner/Annuitant. It may also be annuitized for a combination of life and term certain of 5, 10,15, or 20 years. Life contingencies are only available for owner / annuitants who have not reached age 81.