Withdrawals: How Does Market Value Adjustment Work?

(Applies to the five-year interest rate option with market value adjustment only.)

A market value adjustment applies if you withdraw more than the annuity’s permitted free withdrawal amount during any five-year MVA term period. The adjustment can either increase or decrease the remaining annuity value depending on the current interest rate environment.*

• During a rising interest rate environment or when interest rates remain the same as at time of purchase, a negative MVA will be deducted.

• During a declining interest rate environment, a positive MVA will be added. Should a negative adjustment apply, the amount charged will not result in your earning less than the minimum guaranteed rate.

For more information:

Clients: Call Client Care Center at 1-800-424-4990.

Selling Agents: Call Internal Wholesaling at 1-888-237-4210

*The five-year Constant Maturity Treasury rate reported by the federal reserve is used to measure rates.