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Variable Annuity
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Nirmala
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Combined Enhanced, Annual Stepped Up and Guaranteed Growth 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, benefit will be greatest of - 1) contract value plus enhanced death benefit, 2) total purchase payments adjusted for withdrawals, 3) guaranteed growth death benefit at 5% plus enhanced death benefit, or 4) annual stepped up death benefit plus enhanced death benefit. Guaranteed growth death benefit is equal to purchase payment accumulated at 5% annually, until earliest of - i) annuitization, ii) contract anniversary following annuitant's 80th birthday, iii) death, or iv) six-month anniversary of owner's death, thereafter increase by credit enhancements or bonus credits and adjusted for withdrawals. Annual Stepped Up Death Benefit is equal to highest contract value calculated on any contract anniversary, prior to owner's 81st birthday, increased by purchase payments and reduced for withdrawals made after reset date. Enhanced death benefit is lesser of - 1) 50% (25% if age at issue is 70 or older) of contract gain, or 2) 25% (25% if age at issue 70 or older) of adjusted purchase payments. Contract gain equal to contract value less adjusted purchase payments.
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
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
Exception
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