Common use of Benefit Base Reset Clause in Contracts

Benefit Base Reset. On each Contract Anniversary the Benefit Base will be increased to the Contract Value if the Contract Value is greater than the Benefit Base. The annual rider charge may increase at the time of a Benefit Base Reset as described under the Annual Rider Charge section. Guaranteed Annual Income (GAI) – Before Contract Value Reaches Zero Beginning at the Benefit Date, you may withdraw an amount up to the GAI each Contract Year until the rider terminates as described under the Rider Termination section. The amount received will be in the form of a withdrawal of Contract Value, if available, or in the form of Annuity Payments if your Contract Value reaches zero. Prior to the first withdrawal, the GAI will be equal to (a) multiplied by (b), where: