Retirement Income Choice® 1.5 Rider - DWS Investments

DWS Personal Pension Variable Annuity—Product summaryPurchaseGuidelinesContract andmanagementfees and chargesOptional livingbenefit riderDeath BenefitsAccess to yourmoney■■Minimum initial premium: $1,000 (qualified) $5,000 (non-qualified)■■Maximum premium: $1,000,000 (ages 0 to 80), $500,000 (over age 80)■■Issue age: 0 to 90 annuitant or owner■■0.45% annual mortality and expense fee and administrative charge(M&E&A – reflects policy value death benefit)■■Annual portfolio management expenses range from xx.xx% to xx.xx$■ ■ $35 annual service charge (waived with net premiums paid or policyvalue of $50,000 or more)Retirement Income Choice® 1.5 Rider: Issue age 0 to 85Provides growth and protection by providing guaranteed income for the restof your life and the opportunity for your Withdrawal Base to grow.Investment options for the rider allow you to allocate to one of threedesignated allocation models:■■Model A – Moderate Growth:■■Model B – Moderate:■■Model C – Conservative1.40% initial fee1.00% initial fee0.45% initial feeThe fee percentage may increase with an automatic step-up. The maximumpercentage allowed is 0.75% higher than the initial rider fee.Standard■■Prior to annuitization, beneficiaries receive policy valueOptional■■Return of premium: issue age 0 to 85 – additional 0.15% M&E annual fee■■Annual step-up premium: issue age 0 to 75 – additional 0.35%M&E annual fee■■No surrender charges during the accumulation phase■■No sales chargesFEE EXAMPLEConservative Moderate Moderate GrowthM&E&A fee (reflects policy) 0.45% 0.45% 0.45%Optional living benefit rider 0.45% 1.00% 1.40%Portfolio asset management fee 0.67% 0.71% 0.76%*Does not include facilitation fee of 0.19 which may apply to some funds. Please see prospectus for complete list of fees.Some features may not be available in all states and may vary by state. Conditions and restrictions may apply. See prospectusfor details.DWS Personal Pension Variable Annuity » 9