Understanding the Column Structure in Annuity Illustrations

1. Contract Year: Indicates the specific year within the annuity contract term.
2. Age: The age of the policyholder during each contract year.
3. Premium: The amount of money paid into the annuity by the policyholder.
4. Beginning Contract Value: The value of the annuity at the start of each year.
5. Annual Withdrawals: The amount withdrawn from the annuity each year.
6. Credited Interest Rate: The interest rate applied to the annuity for that year.
7. Ending Benefit Base: The value used to calculate benefits at the end of the year.
8. Lifetime Withdrawal Rate: The rate used to calculate the annual lifetime withdrawal amount.
9. Available Lifetime Withdrawal: The amount available for annual withdrawal based on the lifetime withdrawal rate.
10. Enhanced Lifetime Withdrawal: The amount available for annual withdrawal if enhanced benefits are applied.
11. Rider Charge: The cost associated with any additional riders attached to the annuity contract.
12. Ending Contract Value: The value of the annuity at the end of the year after withdrawals, interest, and rider charges.
13. Guaranteed Minimum Value: The minimum value guaranteed by the annuity contract, regardless of market performance.
14. Cash Surrender Value: The cash amount available if the policyholder decides to surrender the annuity before maturity.
15. Death Benefit: The amount paid to beneficiaries upon the policyholder's death.