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Nirmala
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Phoenix Retirement Protector - Guaranteed Minimum 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
Benefit is only available in conjunction with Phoenix Retirement Protector. Upon death of annuitant, benefit will be greater of - 1) death benefit applicable under contract, or 2) Phoenix Retirement Protector - Guaranteed Minimum Death Benefit, prior to annuitant's age 86. Death benefit base initial purchase payments, thereafter, increased for subsequent purchase payments made before first withdrawal and reduced by withdrawals. Issuer increases benefit base by 6.5% annually until earliest of - 1) First withdrawal, 2) 10th rider anniversary, or 3) annuitant's age 95. Issuer will reset benefit base annually, to equal to contract value, if benefit base is less than contract value, annuitant may cancel Automatic Step-Up Feature upon written request. Phoenix Retirement Protector - Guaranteed Minimum Death Benefit is not available, if Phoenix Retirement Protector is purchased after contract issue.
Other Info
Cancellation
Benefit may automatically terminate under certain conditions.
Termination
Benefit will automatically terminate upon termination of Phoenix Retirement Protector.
Available When Added
Only at contract issue.
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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