Your GWB can increase as a result of quarterly step-ups and the GWB minimum guarantees.

Quarterly step-ups
Four times each year, your Guaranteed Withdrawal Balance automatically increases to equal the contract value of your variable annuity — if that value is higher than your current Guaranteed Withdrawal Balance. This is referred to as a step-up

Step-ups are available for the first 30 years you own your contract. They can occur on each quarterly contract anniversary, up to and including the 30th annual contract anniversary.

6% GWB minimum guarantee roll-up
If you do not take any withdrawals during a contract year, your Guaranteed Withdrawal Balance will increase by a minimum of 6% each year under the GWB minimum guarantee roll-up feature (roll-up).

On each contract anniversary, if you did not take a withdrawal during the previous contract year, your GWB will equal the greater of:

• Your current Guaranteed Withdrawal Balance including any step-ups to equal current contract value; or
• Your GWB on the prior contract anniversary, increased by the 6% roll-up, plus any additional premium payments you have made since the prior contract anniversary and before the current anniversary.

The GWB minimum guarantee roll-up will not apply if you take a withdrawal during the contract year and it does not affect the contract value of your variable annuity. The maximum benefit provided by the GWB minimum guarantee roll-up equals 200% of the total premiums you have paid prior to your first withdrawal. If you reach the maximum prior to the 30th contract anniversary, your GWB can still increase from quarterly step-ups.

Quarterly Step-ups and Roll-ups may increase your GWB
If the investment options in your variable annuity perform well, you can benefit from the step-up feature. If your contract value declines or stays the same, your GWB can still increase due to the GWB minimum guarantee roll-up. This chart shows how the step-up and roll-up features could work over a 12-year period.

Your GWB may increase

• This hypothetical illustration assumes no withdrawals and no additional premium payments.
• If performance is poor, the Guaranteed Withdrawal Balance can increase due to the GWB minimum guarantee roll-up. Once the GWB reaches 200% of the initial premium payment, the roll-up limit is reached and no further roll-ups can occur.
• If performance is positive, the Guaranteed Withdrawal Balance can increase due to quarterly step-ups. Step-ups can occur until the 30th contract anniversary.

This hypothetical chart illustrates how the roll-up and step-up can work. It does not depict actual performance of any GIAC variable annuity or underlying investment option.

GIAC reserves the right, solely at our discretion, to increase the rider fee percentage on the effective date of each step-up to the maximum of 1.25% as described on page 8. You have the right to decline all future step-ups and any rider fee percentage increases and will receive advance written notice of any rider fee percentage increases.

Withdrawals
With Lifetime Focus, your money remains invested until it is withdrawn. You can withdraw your entire contract value at any time. If you withdraw your entire contract value, your annuity contract will terminate and Lifetime Focus will no longer be in effect.^*

^* Withdrawals of taxable amounts will be subject to ordinary income tax and possible mandatory federal income tax withholding and, if taken prior to age 59½, a 10% IRS penalty may also apply. Withdrawals affect the variable annuity’s death benefit, cash surrender value and any living benefits and may also be subject to surrender charges.