PWAD	Explanation
Ann - Own by Co Practice	Penalties are waived upon the death of the annuitant; however, the company is currently waiving charges upon the death of the owner.
Ann <-70 A71+5YrPO	Penalties are waived upon the death of the annuitant ages 0-70 or for ages 71+ if annuitized for a five-year payout option.
Ann <A-75 A76+ Ann5Y	Penalties are waived upon the death of the annuitant ages 0-75 or for ages 76+ if annuitized for a five-year payout option.
Ann or Own PrevAnvVal	Penalties are waived upon the death of either the annuitant or the owner in the amount of the last anniversary value.
Annuitant	Penalties are waived upon the death of the annuitant.
Annuitant Age <-74	Penalties are waived upon the death of the annuitant or the owner ages 0-74 only.
Annuitant > Pol/CumVal	Penalties are waived upon the death of the annuitant for an amount equal to the greater of the accumulation value or the contract value.
Annuitant Age <-75	Penalties are waived upon the death of the annuitant ages 0-75 only.
Annuitant Age <-76	Penalties are waived upon the death of the annuitant ages 0-76 only.
Annuitant MVA Only	Only the MVA is waived upon the death of the annuitant; other surrender charges apply.
Annuitant Pol Yr4+	Penalties are waived upon the death of the annuitant only after the fourth contract year.
Annuitant PrAnvVal	Penalties are waived upon the death of the annuitant in the amount of the last anniversary value.
Annuitant Principal Only	Penalties are waived upon the death of the annuitant for the principal of the contract with no accumulated interest.
Annuitant w/10Yr P/O	Penalties are waived upon the death of the annuitant if a payout period of ten years is chosen.
Annuitant w/5Yr P/O	Penalties are waived upon the death of the annuitant if annuitized for a five year payout option.
Annuitant w/6 Mos	Penalties are waived only for six months after the death of the annuitant. If not submitted in that time frame, then MVA charges apply.
Gain Ins Offered	Term Life insurance to offset the 28% tax on gain is offered for a deductible monthly premium based on age.
N/A	Penalty waiver is not applicable to this contract
NO	Penalties are not waived in the event of death.
O/A <A-80 A81+ 3Yr Opt	Penalties are waived upon the death of the owner or the annuitant for ages 0-80 or ages 81+ if annuitized for a three-year payout option.
Own or Ann MVA Only	Upon the death of the annuitant or the owner the negative MVA adjustment only is waived.
Own or Ann 90 Days	Penalties are waived only for 90 days upon the death of the owner or the annuitant.
Own or Ann PYrV 90Days	Penalties are waived for 90 days after the death of either the owner or the annuitant in the amount of the last contract anniversary value.
Own or Ann w/1 5YrPO	Penalties are waived upon the death of either the owner or the annuitant after contract year one if annuitized for a five-year payout option.
Own or Ann with 5YrPO	Penalties are waived upon the death of either the owner or the annuitant if annuitized for a five-year payout option..
Owner	Penalties are waived upon the death of the owner.
Owner >AnvVal/Min	Penalties are waived upon the death of the owner in the greater of the last contract anniversary value or the minimum guaranteed value.
Owner Age <-79	Penalties are waived upon the death of the owner ages 0-79only.
Owner Age <-80	Penalties are waived upon the death of the owner ages 0-80 only.
Owner or Annuitant	Penalties are waived upon the death of the owner or the annuitant.
Owner >CV/MinGuar	Penalties are waived upon the death of the owner for an amount equal to the greater of the accumulated value or contract value at the minimum rate guarantee.
Owner Prem Only	Penalties are waived upon the death of the owner for the amount of the total premium paid with no accumulated interest.
Owner PrevAnvVal	Penalties are waived upon the death of the owner in the amount of the last contract anniversary value.
Owner w/5Yr PO	Penalties are waived upon the death of the owner if a payout period of five years is chosen.
Owner w/MVA	Penalties are waived upon the death of the owner but the Market Value Adjustment will apply.
Owner w/Opt Rider	Penalties are waived upon the death of the owner if the rider option is chosen at the time of purchase only.