THE COMPLAINT ALLEGED THAT THE PROVISIONS OF A DEATH BENEFIT RIDER WERE MISREPRESENTED AT THE TIME OF SALE.

$111,000.00

A RESOLUTION WAS PROPOSED TO THE TRUSTEE TO TEMPORARILY REDUCE THE MONTHLY DISTRIBUTION AMOUNT OF THE ANNUITY IN ORDER TO INCREASE THE VALUE OF THE DEATH BENEFIT AMOUNT ASSOCIATED WITH A ROLL-UP DEATH BENEFIT RIDER. THE CALCULATION OF THE ORIGINAL DISTRIBUTION AMOUNT PROVIDED BY THE INSURANCE CARRIER, IN ORDER TO MAINTAIN A LEVEL DEATH BENEFIT AMOUNT UNDER THE RIDER, HAD ERRONEOUSLY INCLUDED A BONUS THAT WAS CREDITED TO THE ACCOUNT VALUE AT THE INCEPTION OF THE POLICY. THE TRUSTEE CHOSE TO CONTINUE WITH THE POLICY WITHOUT CHANGING THE DISTRIBUTION AMOUNT.