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Nirmala
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Guaranteed Lifetime Withdrawal Benefit - 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 Guaranteed Lifetime Withdrawal Benefit. Upon death of annuitant, benefit will equal to initial purchase payment, increased by subsequent purchase payments made. If contract value on any annual step-up date is greater than current death benefit base, death benefit will automatically increase to an amount equal to contract value. If withdrawals are not excess withdrawals Issuer will reduce benefit base by dollar amount; if withdrawals are excess of annual benefit payments, benefit base will reduce to lesser of - 1) benefit base before withdrawal minus withdrawal, or 2) contract value after withdrawal. Highest Anniversary value will be calculated annually for the state of NY. Owner must participate in Asset Allocation Program.
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
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
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