B.E.S.T. FLEX Income Annuity offers for potential liquidity needs a one-time lump-sum payout which is referred to as a Commutation Value. After the completion of two full contract years, the Owner may request a one-time commutation (withdrawal) of all of the Annuity Benefits. This provision is only available on contracts that are for a period certain or life with a period certain. The commutation provision is not available for life only contracts. If the period certain has expired, there is not commutation (withdrawal) value, and no proceeds will be paid. The commutation value shall be equal to a discounted present value of any remaining guaranteed payments due under this contract, subject to a commutation charge as shown in the schedule below:
| Policy Year |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11+ |
| Charge |
N/A |
N/A |
8% |
7% |
6% |
5% |
4% |
3% |
2% |
1% |
0% |