Common use of Reports to Owners Clause in Contracts

Reports to Owners. In addition to the information stated in the Reports to Owners section in the contract, the annual report will also provide additional information about this rider. Prior to the Benefit Date, the annual report will provide a projected Benefit Base and GAI as of the Benefit Date assuming no Benefit Base Resets and no further contract activity. After the Benefit Date, the annual report will provide the GAI as of the date of the report.

Appears in 20 contracts

Samples: Guaranteed Lifetime Withdrawal Benefit Rider (Variable Annuity Account), Guaranteed Lifetime Withdrawal Benefit Rider (Variable Annuity Account), Guaranteed Lifetime Withdrawal Benefit Rider (Variable Annuity Account)

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Reports to Owners. In addition to the information stated in the Reports to Owners section in the contract, the annual report will also provide additional information about this rider. Prior to the Benefit Date, the annual report will provide a projected Benefit Base and GAI as of the Benefit Date assuming no Benefit Base Resets and no further contract activity. After the Benefit Date, the annual report will provide the GAI as of the date of the report.. ICC20-70596 Minnesota Life 2

Appears in 1 contract

Samples: Guaranteed Lifetime Withdrawal Benefit Rider (Variable Annuity Account)

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