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Variable Annuity
Death benefits
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Nirmala
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One-Year Enhanced Death Benefit Option
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 prior to annuitization date and the total of all purchase payments is less than or equal to $3 million, the death benefit will be greatest of - 1) contract value; 2) total purchase payments adjusted for withdrawals; or 3) highest contract value on any contract anniversary prior to annuitant's 86th birthday adjusted for withdrawals and subsequent payments. Upon death of annuitant prior to annuitization date and the total of all purchase payments is greater than $3 million, the death benefit will be (A*F)+B(1-F), where A = greatest of 1) contract value payable as on the day of death; 2) total purchase payments adjusted for withdrawals; or 3) highest contract value on any contract anniversary prior to annuitant's 86th birthday, plus purchase payments received after that contract anniversary. B = contract value payable as on the day of death and F = the ratio of $3 million to the total purchase payments made to the contract.
Other Info
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available When Added
Only at contract issue.
Effect Change Ownership
May result in reduction of benefit base.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
Exception
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