Pioneer PRISM XC Variable Annuity - Pioneer Investments
Pioneer PRISM XC Variable Annuity - Pioneer Investments
Pioneer PRISM XC Variable Annuity - Pioneer Investments
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Summary of Guaranteed Withdrawal Benefit Riders<br />
The chart below summarizes certain differences between the guaranteed withdrawal benefits. Please refer to the detailed<br />
descriptions above for specific information about the features, costs and restrictions associated with each rider.<br />
Lifetime Income<br />
Lifetime Withdrawal Guarantee II<br />
Yes (if first withdrawal is on or after age<br />
59½)<br />
Guaranteed Withdrawal Benefits<br />
Principal Guarantee<br />
Benefit Rider Involves Annuitization No No<br />
Withdrawals Permitted 1 Yes Yes<br />
Waiting Period None (age 59½ for lifetime withdrawals) None<br />
Reset/Step-Up Yes Yes<br />
May Invest in <strong>Variable</strong> Investment<br />
Yes Yes<br />
Options 2<br />
Ability to Cancel Rider<br />
Death Benefit<br />
Yes, at 5 th , 10 th & 15 th contract<br />
anniversary, annually thereafter; or<br />
lump-sum option under the GPA<br />
provisions after 15 years<br />
Contractual death benefit or alternate rider<br />
death benefit; ability to receive Remaining<br />
Guaranteed Withdrawal Amount in series<br />
of payments instead of contractual death<br />
benefit<br />
Current Rider Charges 3 1.25% (Single Life version) or 1.50%<br />
(Joint Life version)<br />
No<br />
Yes, within 90 days after 5 th contract<br />
anniversary<br />
Ability to receive Benefit Base in series of<br />
payments instead of contractual death<br />
benefit<br />
0.50%<br />
(1) Withdrawals will reduce the living and death benefits and account value.<br />
(2) The LWG II rider imposes investment restrictions.<br />
(3) Certain rider charges may increase upon an Optional Step-Up or an Optional Reset. Generally, rider charges are assessed as a<br />
percentage of the guaranteed benefit rather than the account value. See the “Expenses” section and the individual rider description for<br />
more information.<br />
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