B
Beacon
Data Entry
Variable Annuity
Death benefits
⌘K
N
Nirmala
Signed in as Nirmala
Settings
Sign out
Companies
›
RiverSource Life Insurance Company
›
Death Benefits
›
Maximum Anniversary Value 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
Accessible during the accumulation phase, upon the owner's demise, the benefit value will be determined as the highest of: 1) the contract value (adjusted for any rider charges), 2) the ROPP value, 3) the full surrender value, or 4) the maximum anniversary value (MAV). MAV is equivalent to the ROPP value before the first contract anniversary, and MAV reset is possible before the owner's 91st birthday. Furthermore, if the contract value increases the MAV, the MAV will be reset to the contract value. Also, If all owners are age 80 or younger, the MAV resets on the ownership change date to the lesser of the post-charge Contract Value or the current MAV. If any owner is 81 or older, the MAV death benefit ends and the Standard Death Benefit applies. This benefit comes up with an additional fee, calculated as the greater of MAV or contract value if the owner is 90 or younger, but based solely on the contract value if the owner is 90 or older.
Other Info
Cancellation
May not be cancelled.
Termination
Benefit will terminate upon the earliest of 1)Annuitization, 2) upon owner change new owner is age 80 or younger 3) if spouse is age 80 or younger, 4) upon payment of death benefit, 5) termination of contract.
Available When Added
At the time of Contract Issue.
Effect Change Ownership
If all owners are age 80 or younger, the MAV resets on the ownership change date to the lesser of the post-charge Contract Value or the current MAV. If any owner is 81 or older, the MAV death benefit ends and the Standard Death Benefit applies.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
Exception
Alabama (AL)
Alaska (AK)
American Samoa (AS)
Arizona (AZ)
Arkansas (AR)
Bermuda (BERMUDA)
California (CA)
Colorado (CO)
Connecticut (CT)
Delaware (DE)
Dist of Columbia (DC)
Florida (FL)
Georgia (GA)
Guam (GU)
Hawaii (HI)
Idaho (ID)
Illinois (IL)
Indiana (IND)
Iowa (IA)
Kansas (KS)
Kentucky (KY)
Louisiana (LA)
Maine (ME)
Maryland (MD)
Massachusetts (MA)
Michigan (MI)
Minnesota (MN)
Mississippi (MS)
Missouri (MO)
Montana (MT)
Nebraska (NE)
Nevada (NV)
New Hampshire (NH)
New Jersey (NJ)
New Mexico (NM)
New York (NY)
North Carolina (NC)
North Dakota (ND)
Ohio (OH)
Oklahoma (OK)
Oregon (OR)
Pennsylvania (PA)
Puerto Rico (PR)
Rhode Island (RI)
South Carolina (SC)
South Dakota (SD)
Tennessee (TN)
Texas (TX)
Utah (UT)
Vermont (VT)
Virgin Islands (VI)
Virginia (VA)
Washington (WA)
West Virginia (WV)
Wisconsin (WI)
Wyoming (WY)
→
←
Not available in states
Cancel