GMWB Part 1 Before Withdrawals

What does GMWB stand for?

• Guaranteed Minimum Withdrawal Benefit

• Guaranteed Maximum Withdrawal Benefit

• Guaranteed Minimum Withdrawal Bonus

• Guaranteed Maximum Withdrawal Bonus

The GMWB rider offers 20 years of guaranteed payments even if the market value doesn't have enough value to pay out the payments.

• True

• False

If the client has their SunWise Elite Plus contract in existence for 20 years, they can still receive bonus in year 20 if they haven't started taking payments yet.

• True

• False

5% Bonus is available in years in which the client has made a withdrawal.

• True

• False

GMWB rider resets also reset the Death and Maturity Guarantees (Contract Guarantees)

• True

• False

When electing the GMWB rider on a SunWise Elite contract, the old account will transfer to a new account which now contains the rider.

• True

• False

If switches are made on a SunWise Elite Plus account that puts the entire account portfolio into 100% equity, when will the account be rebalanced?

• At month's end

• Semi-annually (At the end of June or December)

• Annually (December 31st)

• The following business day

GWB Base consists of

• Client's contributions

• Client's contributions plus any bonuses received

• Client's contributions plus any bonuses received minus any withdrawals made

GWB Adjusted Base consists of

• Client contributions

• Client contributions plus any bonus received

• Client contributions plus any bonus received minus any withdrawals made

Remaining GWB consists of

• Clients contributions

• Clients contributions plus any bonus received

• Clients contributions plus any bonus received minus any withdrawals made.