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EXHIBIT 4(g)
----GOLDEN MINIMUM GUARANTEED
-------AMERICAN ACCUMULATION BENEFIT RIDER
---------LIFE INSURANCE
-------COMPANY
Golden American is a stock company domiciled in Delaware.
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GOLDEN AMERICAN LIFE INSURANCE COMPANY
(HEREINAFTER CALLED WE, US AND OUR)
The Contract to which this Rider is attached is hereby modified by
the provisions of this Rider. This Rider's provisions control where
there is a conflict between this Rider and the Contract.
Where used in this Rider, the term Contract shall mean Certificate
when this Rider is attached to a Certificate. This Rider is
effective as of the Contract Date unless a different date, the Rider
Date, is stated below. The term Credit is as defined in the
Contract. If not defined in the Contract to which this Rider is
attached, the Credit shall be zero.
MINIMUM GUARANTEED ACCUMULATION BENEFIT
This Rider provides a Minimum Guaranteed Accumulation Benefit
("MGAB") on the Benefit Date. The Benefit Date is shown on the
Schedule Page. On the Benefit Date, if this Rider is in effect, the
MGAB is added to the Contract's Accumulation Value. Immediately
thereafter, this Rider will terminate.
The MGAB is equal to the greater of: (1) the MGAB Base on the
Benefit Date less the Accumulation Value of the Contract on the
Benefit Date and (2) zero.
MGAB BASE
If this Rider is effective as of the Contract Date, the initial MGAB
Base is equal to the initial premium paid for the Contract plus any
Credits. If this Rider is added to a Contract after the Contract
Date, the initial MGAB Base shall be equal to the Accumulation Value
on the Rider Date. Thereafter, the MGAB Base is increased by
Eligible Premiums paid and Credits thereon, and reduced by any
Prorata Partial Withdrawal Adjustments, reduced by transfer
Adjustments, and accumulated at the MGAB Rate.
Eligible premium, and any applicable Credits, are premiums added to
the Contract within [2] years after the Rider Date. Premium paid
more than [two] years after the Rider Date will not be included in
the calculation of the MGAB Base.
The MGAB Base is calculated separately for the Accumulation Value
allocated between the Special Funds and non-Special Funds. The MGAB
Base for determining the MGAB on the Benefit Date equals the sum of:
(1) the lesser of the MGAB Base allocated to Special Funds and the
Accumulation Value in Special Funds and (2) the MGAB Base for non-
Special Funds.
MGAB RATE
The MGAB Rate is equal to the rate stated on the Schedule Page for
this Rider.
SPECIAL FUNDS
Where used in this Rider the Special Funds, if any, are listed on
the Schedule Page. The Company reserves the right to classify newly
available divisions as Special Funds from the date of their
availability to the Owner. The Company may reclassify an existing
division as a Special Fund or remove such designation. Such
reclassification shall be made with 30 days notice to Contract
Owners, and will apply to amounts transferred or otherwise added to
such division after the date of change.
GA-RA-1045(REV).DOC
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PRORATA PARTIAL WITHDRAWAL ADJUSTMENT
The MGAB Base and MGAB Charge Base will be reduced by Prorata
Partial Withdrawal Adjustments each time a partial withdrawal is
made. The Prorata Partial Withdrawal Adjustment is equal to (1)
divided by (2), multiplied by (3), where: (1) is the Accumulation
Value withdrawn; (2) is the Accumulation Value immediately prior to
withdrawal; and (3) is the amount of MGAB Base or MGAB Charge Base
(as appropriate) immediately prior to the withdrawal. Separate
adjustments will apply to Special and non-Special Funds.
TRANSFER ADJUSTMENT
The MGAB Base and MGAB Charge Base will be reduced for each transfer
within [three] years before the Benefit Date. The Transfer
Adjustment is equal to (1) divided by (2), multiplied by (3), where:
(1) is the Accumulation Value transferred; (2) is the Accumulation
Value immediately prior to a transfer; and (3) is the amount of MGAB
Base or MGAB Charge Base (as appropriate) immediately prior to the
transfer. Special adjustments will apply to Special and non-Special
Funds.
APPLYING THE MGAB
On the Benefit Date the MGAB is calculated and added to the
Accumulation Value. Allocation of the benefit to the divisions of
the Variable Separate Account is done proportionately based on the
amount of Accumulation Value invested in each division on the date
the MGAB is applied. If no part of the Contract's Accumulation
Value is invested in the Variable Separate Account, the MGAB will be
allocated to the Liquid Asset Division, or its successor, unless
otherwise directed by you prior to the Benefit Date. Once the MGAB
has been applied, the Contract's Accumulation Value will reflect the
MGAB and it shall be subject to all rights available to you. The
benefit is not treated as premium in the determination of any
Contract or Rider benefits, and you will receive no Credit.
MGAB WAITING PERIOD
The Waiting Period is the period from the Rider Date to the Benefit
Date. During the Waiting Period, Rider Charges apply. This Rider
may not be cancelled during the Waiting Period, except as provided
in this Rider.
MGAB CHARGES
Charges for this Rider will be deducted from the Contract's
Accumulation Value. The rate and frequency of deduction of charges
are stated on the Schedule Page. Deduction dates are measured from
the Contract Date. The charge is a percentage of the MGAB Charge
Base, as of the deduction date. It is deducted in arrears from the
portion of Accumulation Value allocated to the Variable Separate
Account in proportion to the Accumulation Value in each division.
If there is insufficient Accumulation Value in the separate account,
charges will be deducted from the Fixed Division nearest maturity.
An MVA adjustment may be applied to charges deducted from the Fixed
Division. We may charge less than the maximum. The maximum charge
is stated on the Schedule Page. No charges will be deducted after
the Benefit Date.
If the Contract to which the Rider is attached is terminated by
surrender, cancellation or application of the Contract's value to an
Income Benefit, the Rider charge for the current period will be
deducted from the Accumulation Value prior to termination of the
Contract. Charges will be calculated using the MGAB Charge Base
immediately prior to termination.
MGAB CHARGE BASE
The MGAB Charge Base is equal to the initial MGAB Base, plus
Eligible Premiums paid, plus any credits there on, reduced by
Prorata Partial Withdrawal and Transfer Adjustments. The MGAB
Charge Base is calculated separately for Accumulation Value
allocated to Special Funds and non-Special Funds.
GA-RA-1045(REV).DOC
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TRANSFERS
Net transfers from Special to non-Special Funds will reduce the MGAB
Base and MGAB Charge Base allocated to Special Funds on a pro-rata
basis. If such transfer is made more than 3 years before the Benefit
Date, there will be a corresponding increase in the MGAB Base and
MGAB Charge Base for non-Special Funds. The amount of such increase
will equal the lesser of the reduction in MGAB Base and MGAB Charge
Base allocated to Special Funds and the net Accumulation Value
transferred.
Net transfers from non-Special Funds will reduce the MGAB Base and
MGAB Charge Base allocated to the non-Special Funds on a prorata
basis. If the transfer is made more than 3 years before the Benefit
Date, there will be a corresponding increase in the MGAB Base and
MGAB Charge Base for Special Funds. If applicable, the resulting
increase in the MGAB Base and MGAB Charge Base allocated to Special
Funds will equal the reduction in the MGAB Base and MGAB Charge Base
allocated to non-Special Funds, respectively.
CANCELLATION OF RIDER
If an Option to Cancel Date is shown in the schedule, the Owner may
cancel this Rider on the Cancel Date. A written request to cancel
must be received by the Company in the 30 day period prior to the
Cancel Date. Upon cancellation of this Rider, no further charges
for this Rider will be deducted and all rights under this Rider
shall cease. No Rider benefits will be paid at cancellation nor
will Rider Charges be refunded. The Company may make available
other Rider Cancellation dates.
RIDER TERMINATION
This Rider will terminate immediately upon occurrence of any of the
following:
1. If the Contract to which this Rider is attached terminates;
2. If you die, unless the Contract is continued on the life of
your spouse, in which case the Rider will continue with your
surviving spouse as Owner;
3. If you are not a natural person and the Annuitant dies;
4. If the ownership of this Contract changes and the new Owner is
other than the spouse of the previous Owner.
5. If the Accumulation Value is insufficient to cover the MGAB
Charge deduction.
This Rider has no surrender value or other non-forfeiture benefits
upon termination. Prior to the Benefit Date this Rider does not
provide any benefits.
Rider Date: _________________________
(if other than Contract Date)
Signed: /s/ Barnett Chernow
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Barnett Chernow
GA-RA-1045(REV).DOC
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