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Do not click the 'back' button on your browser at any time during this training. Doing so will invalidate the training.

If you close this web page at any time during the course, you will be required to start from the beginning in order to complete the course. You will not be able to continue from the point where you left off.

Summit Prime Premium Bonus Rider (Continued)

The Summit Prime Premium Bonus Rider amends the Surrender Charge section of the annuity policy to include a recapture of a percentage of the Premium Bonus should a withdrawal that is subject to Surrender Charges and MVA be applied.

Once the Surrender Charge Period is completed, and no Surrender Charges and MVA are applicable, the recapture of the percentage of the Premium Bonus will also expire.

The Premium Bonus Recapture Percentages during the duration of the policy are as follows:

There will be no Recapture of the Premium Bonus for any free partial withdrawals or for withdrawals available with the Health Waiver Endorsement. Recapture only applies to withdrawals that are subject to Surrender Charges and MVA.

Like Surrender Charges and MVAs, recapture of the Premium Bonus will be waived when proceeds of the policy are paid as a Death Benefit on the death of an Owner who is also an Annuitant.

Policies in which the Premium Bonus Rider is selected may have a lower Cap or Participation Rate than policies that do not include the rider.

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