For all Heritage products the IRA Provision is included as part of the policy form. For Liberty and Summit Series products it is provided as a separate endorsement. The features are identical for all products and allow for:

• Required Minimum Distribution, after the first anniversary date. If the owner/annuitant has a Qualified (IRA) annuity and has reached or reaches age 73 during the surrender charge period, they may withdraw up to the full required minimum distribution without incurring surrender charges or MVA.
• Available interest or penalty free withdrawal with Heritage Series and Liberty Series Policies must be included as part of the Required Minimum Distribution.
• For Summit Series and Heritage Classic contracts RMD must be included as part of the annual 10% “Free Out”. If the RMD exceeds 10% of the policy value, the client may withdraw the excess of the 10% up to the RMD’s minimum requirement.
• The RMD may be withdrawn monthly (1/12th each month).
• This Endorsement / Provision is in included with all LBL and CLIC Qualified annuities. Any Non-IRA Qualified plans that are used to fund a policy will be converted to a Traditional IRA annuity.