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Variable Annuity
Death benefits
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Nirmala
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Massachusetts Mutual Life Insurance Company
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Death Benefits
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Annual Ratchet Death Benefit
Edit Death Benefit
Death Benefit
Benefit Name
Internal Benefit Name
Inception Date
Closed Date
Rider Select Rule
Default
Mandatory
Optional
Based On Life
Annuitant
Owner
Owner (or Annuitant if owner is a natural entity)
Owner (or Annuitant if owner is a non-natural person)
Owner and Annuitant
Min Age
Max Age
Waiting Period
Waiting Term
Select
Age
Contract year
Days
Months
Years
Version Begin Date
Maximum Benefit Base
Maximum Benefit Base %
With Reduce Benefit Base
Select
Dollar for Dollar
Proportionally
DTCC Rider ID
Notes
Version Note
Benefit Description
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greatest of - 1) contract value; 2) total purchase payments adjusted for withdrawals; or 3) highest anniversary value. Initial Highest anniversary value depends on when benefit is added to contract; if benefit is added to contract at issue, initial Highest anniversary value is equal to initial purchase payment; if is added to contract after contract issue, initial Highest anniversary value is lesser of - 1) contract value; or 2) purchase payments less withdrawals. Thereafter recalculated on each contract anniversary to greater of - 1) contract value; or 2) most recent calculated highest contract value, prior to owner or annuitant's 80th birthday, increased by purchase payments and reduced for withdrawals made after reset date.
Other Info
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available When Added
No longer available for new purchases.
Effect Change Ownership
Not Applicable.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
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