Common use of Other Fees and Charges for Additional Features Clause in Contracts

Other Fees and Charges for Additional Features. Some annuity contracts offer features and benefits that may carry additional fees and/or charges, such as a stepped-up death benefit, a bonus credit feature, a guar- anteed minimum income benefit, a guaranteed minimum withdrawal benefit, a guaranteed minimum accumulation benefit, or an earnings enhancement benefit (the term “guaranteed” refers to the payments being backed by the ability of the issuing insurance company to pay for those benefits out of that insurance company’s assets. In addition, some annuity contracts charge an account maintenance fee, sub-account investment transfer fees, an annual contract fee, and/or an account maintenance fee.