1.1 WHAT IS OUR Our agreement with you includes this rider AGREEMENT WITH YOU? as a part of the contract to which it is attached. The provisions of the contract apply to this rider unless they conflict with the rider. If there is a conflict, the rider...
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Exhibit 4(f)(i)
EARNINGS ENHANCED DEATH BENEFIT RIDER
RIDER SECTION 1. GENERAL INFORMATION
1.1 WHAT IS OUR Our agreement with you includes this rider
AGREEMENT WITH YOU? as a part of the contract to which it is
attached. The provisions of the contract
apply to this rider unless they conflict
with the rider. If there is a conflict, the
rider provision will apply. The issue date
for this rider is the same issue date as the
contract to which it is attached.
We promise to provide the death benefit
proceeds described in this rider as long as
the contract and this rider are in force and
all the terms and conditions of this rider
are met.
1.2 WHAT IS THE BENEFIT This rider provides an earnings enhanced
PROVIDED BY THIS death benefit during the accumulation
RIDER? period. This rider must be used in
conjunction with at least one of the other
optional death benefit riders shown on the
data page.
1.3 WHEN WILL THIS RIDER This rider will terminate on the earliest
TERMINATE? of:
a.) the date death proceeds become
payable;
b.) the payout date;
c.) the date you surrender your
contract;
d.) the date no other optional death
benefit riders are in force; or
e.) the date you choose to end this
rider. You may end it by written
request.
Once this rider terminates, the charges for
it will cease and the benefit will no longer
be available.
RIDER SECTION 2. RIDER CHARGES
2.1 IS THERE A CHARGE FOR There is an annual charge for this rider.
THIS RIDER? The annual charge is determined by
multiplying the annual percentage charge
(shown on the contract data page) by the
average monthly contract value for the prior
year. The average monthly contract value is
equal to the sum of each monthly contract
value (the contract value as of the same day
of the month as the contract issue date)
divided by the number of months.
During the accumulation period, this charge
will be deducted pro-rata from your contract
value on each contract anniversary. This
charge will also be deducted upon full
surrender of the contract, payment of death
proceeds or selection of a payout option, if
not on a contract anniversary. The charge
for a partial year will be in proportion to
the number of days since the prior contract
anniversary.
RIDER SECTION 3. DEATH BENEFIT PROCEEDS
3.1 WHAT AMOUNT WILL BE The amount that will be paid under this
PAID AS DEATH BENEFIT contract as death benefit proceeds is equal
PROCEEDS DURING THE to the greater of:
ACCUMULATION PERIOD?
a.) the death benefit proceeds
provided by the contract to which
this rider is attached:
b.) the death benefit proceeds
provided by any other rider
attached to the contract; or
c.) the earnings enhanced death
benefit described in Rider Section
4 as of the date due proof of
death is received.
The death benefit proceeds described above
will be reduced by any applicable premium
expense charges not previously deducted.
RIDER SECTION 4. EARNINGS ENHANCED DEATH BENEFIT
4.1 HOW DO WE The earnings enhanced death benefit will be
DETERMINE THE determined as of the date due proof of death
EARNING ENHANCED is received.
DEATH BENEFIT?
The earnings enhanced death benefit is equal
to your contract value plus an additional
amount that is calculated by multiplying
earnings (described below) by:
a.) 0.40 if the annuitant was age 70
or younger on the contract issue
date; or
b.) 0.25 if the annuitant was age 71
or older on the contract issue
date.
In no event will the earnings enhanced death
benefit exceed an amount equal to your
contract value plus 100% of all remaining
purchase payments.
For purposes of calculating the earnings
enhanced death benefit described above:
a.) "earnings" are equal to the
contract value minus any
applicable charge for riders
(accrued since the prior contract
anniversary) and any remaining
purchase payments; and
b.) "remaining purchase payments" are
equal to:
1.) the sum of all net purchase
payments received;
2.) less the amount that each
partial withdrawal exceeds
the amount of earnings in
the contract immediately
prior to such withdrawal.
Partial withdrawals are
assumed to be taken from
earning first, then from
purchase payments in the
order received.
If the resulting calculated earnings equal
zero or a negative number, earnings will be
zero.
CUNA Mutual Insurance Society
A Mutual Insurance Company
/s/ Xxxx Xxxx
President
