Exhibit (4)(b)(v)
GE LIFE AND ANNUITY ASSURANCE COMPANY
OPTIONAL ENHANCED DEATH BENEFIT RIDER
This rider provides for an optional enhanced death benefit which is added to
the Death Benefit payable under your Contract or Policy. For the purposes of
this rider, the term Contract Value will also refer to Account Value, if
that term is used in your Contract or Policy.
Enhanced Death Benefit
Enhanced death benefit if the Annuitant is, or both the Annuitant and Joint
Annuitant are, age 70 or younger at issue: The enhanced death benefit is equal
to 40% of (a) minus (b), where:
(a) is the Contract Value as of the date of death; and
(b) is the sum of premiums paid and not previously withdrawn or
surrendered.
The enhanced death benefit cannot exceed 70% of premiums paid as adjusted for
withdrawals or partial surrenders. The enhanced death benefit will never be less
than zero.
Enhanced death benefit if the Annuitant, or the Joint Annuitant if applicable,
is older than age 70 at issue: The enhanced death benefit is equal to 25% of (a)
minus (b), where:
(a) is the Contract Value as of the date of death; and
(b) is the sum of premiums paid and not previously withdrawn or
surrendered.
The enhanced death benefit cannot exceed 40% of premiums paid as adjusted for
withdrawals or partial surrenders. The enhanced death benefit will never be less
than zero.
Under both age scenarios listed above, withdrawals or partial surrenders are
taken first from gain. For purposes of this rider, gain is calculated as (a)
plus (b) minus (c) minus (d), but not less than zero where:
(a) is the Contract Value on the date we receive your withdrawal or
surrender request;
(b) is the total of any withdrawals or surrenders, excluding surrender
charges, previously taken;
(c) is the total of premiums paid; and
(d) is the total of any gain previously withdrawn.
Annual Enhanced Death Benefit Charge
There will be a charge made for this rider for each period it is in effect. This
charge is made in arrears at the beginning of each Contract or Policy year after
the first, and at surrender. The charge is made against the average of the
Contract Value at the beginning of the previous Contract or Policy year and the
Contract Value at the end of the previous Contract or Policy year. At surrender,
the charge is made against the average of the Contract Value at the beginning of
the current Contract or Policy year and the Contract Value at surrender. This
charge will be deducted proportionally from the Subaccount or Investment
Subdivisions in which you are invested. The maximum annual charge will be the
rate shown on the Contract or Policy data pages times the average Contract
Value, as described above. The actual charge will never be greater than the
maximum annual charge. The charge at surrender will be a pro rata portion of the
annual charge.
If the Contract Value in the Separate Account is insufficient to cover the
annual death benefit charge, then the deduction will be made first from the
Contract Value in the Separate Account. The excess of the charges over the
Contract Value in the Separate Account will then be deducted from the Contract
Value in the Guarantee Account. Deductions from the Guarantee Account will be
taken from the amounts which have been in the Guarantee Account for the longest
period of time.
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When this Rider is Effective
This rider becomes effective on the Contract Date or Policy Date. It will remain
in effect while this Contract or Policy is in force and before Income Payments
begin. This rider cannot otherwise be terminated.
For GE Life and Annuity Assurance Company.
/s/ PAMELA S. SCHUTZ
Pamela S. Schutz
President
Form P5140 8/00
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