Exhibit 1(i)
GE CAPITAL LIFE ASSURANCE COMPANY OF NEW YORK
DEATH BENEFIT AVAILABLE AT DEATH OF ANY ANNUITANT ENDORSEMENT
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The Contract to which this endorsement is attached is amended by deleting the
Death Benefit Available at Death of Any Annuitant provision in its entirety and
adding the following:
Death Benefit Available at Death of Any Annuitant
Death Benefit if the Annuitant is, or both the Annuitant and Joint Annuitant
are, age 80 or younger at issue: The Death Benefit, as of the date we receive
due proof of death of any Annuitant, is equal to the greatest of:
(a) the Contract Value as of the date we receive due proof of death of any
Annuitant;
(b) the greatest Contract Value as of any Contract anniversary up to and
including the Contract anniversary next following or coincident with the
80th birthday of the older of any Annuitant plus any Purchase Payments
paid since then adjusted for any withdrawals and any applicable premium
tax; and
(c) Purchase Payments less any withdrawals.
Withdrawals reduce the death Benefit calculated under (b) proportionally by the
same percentage that the withdrawal reduces the Contract Value. The withdrawal
includes any applicable surrender charges.
Death Benefit if any annuitant is older than age 80 at issue: The Death Benefit,
as of the date we receive due proof of death of any Annuitant, is equal to the
greatest of:
(a) the Contract Value as of the date we receive due proof of death of any
Annuitant;
(b) the greatest Contract Value as of any Contract anniversary up to and
including the Contract anniversary next following or coincident with the
80th birthday of the older of any Annuitant plus any Purchase Payments
paid since then adjusted for any withdrawals and any applicable premium
tax; and
(c) Purchase Payments less any withdrawals.
Withdrawals reduce the Death Benefit calculated under (b) proportionally by the
same percentage that the withdrawal reduces the Contract Value. The withdrawal
includes any applicable surrender charges.
When Death Benefit is Calculated at Death of Any Annuitant: The Death Benefit is
calculated on the date that we receive due proof of death at our Service Center.
Until we receive complete written settlement instructions satisfactory to us
from the beneficiary, the calculated Death Benefit will remain allocated to the
various Investment Options according to your last instructions. Therefore, the
Death Benefit will fluctuate with the performance of the underlying Investment
Options.
For GE Capital Life Assurance Company of New York,
/s/ Xxxxxx X. Xxxxxx
President
