NU Online News Service, March 16, 2004, 3:43 p.m. EST – Manulife USA, Boston, has introduced the Principal Plus Rider for use with its Venture family of variable annuities.[@@]
Account holders who buy the rider can withdraw up to 5% of their principal per year for 20 years, regardless of account performance, and still maintain the benefit.
Account holders who refrain from taking withdrawals get a 5% bonus each year for the first 5 years. The bonuses can increase the guaranteed withdrawal amount by up to 25%.