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Variable Annuity
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Nirmala
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Equitable Financial Life Insurance Company of America
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Death Benefits
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6% Roll-Up to Age 85 Enhanced 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 annuitant, benefit will be greater of - 1) contract value, or 2) 6% Roll-up to Age 85. 6% Roll-up to Age 85 is equal to total purchase payments plus daily roll-up adjusted for withdrawals, prior to annuitant's 86th birthday. Effective annual roll-up rate credited to benefit base is 6% of variable account value (3% for some selected sub-accounts and fixed account value). For a limited time, Issuer is offering to increase the contract value and basic death benefit amount in return for terminating the rider. Issuer determines offer amount using standard actuarial calculations for determining contract reserves. Contract reserve for benefit is the difference between the present value of expected benefit claims less the present value of expected benefit charges. Issuer will calculate the actuarial value of GMDB and EEB separately. Amount of the offer is approximately 70% of actuarial valuation. Each of the benefit calculations is subject to a minimum offer, which is equal to annual percentage rate of GMDB charge multiplied by the GMDB benefit base, multiplied by two. If calculated actuarial value is less than minimum offer amount, minimum offer amount will apply. Actuarial value takes into account - 1) owner/annuitant's life expectancy (based on gender and age), 2) current and projected contract value and 3) current and projected GMDB benefit.
Other Info
Cancellation
May be cancelled any time after election for a limited time.
Termination
Once elected may not be terminated.
Available When Added
No longer available for new purchases.
Effect Change Ownership
Change in ownership will result in termination of rider except under certain conditions.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
Exception
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