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Variable Annuity
Death benefits
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Nirmala
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Basic Death Benefit - Option 1
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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 at least equal to sum of contract value allocated in fixed account option and variable account option. Fixed account option value is equal to greater of - value of fixed account option, or purchase payments invested in fixed account option, minus all prior withdrawals, charges and any portion of contract value applied under a Payout Option. Variable account option value is equal to greater of - value of variable account option, or purchase payments invested in variable account option, minus all prior withdrawals or transfers out of variable account. This death benefit is payable only if death occurs prior to age 70.
Other Info
Cancellation
May not be cancelled.
Termination
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
Exception
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