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Variable Annuity
Death benefits
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Nirmala
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Interest Guaranteed 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
Death benefit payable upon the death of owner is prior to the age of 70. Death Benefit is Fixed Account Option Value plus Variable Account Option Value. Fixed Account Option Value is the greater of: a) Value of Fixed Account Option or b) 100% of Purchase Payments invested in Fixed Account Option less Amount of all prior withdrawals from the Fixed Account Option, charges and any portion of Account Value applied under a Payout Option. Variable Account Option Value is the greater of: a) Value of Variable Account Options or b) 100% of Purchase Payments invested in Variable Account Options less Amount of prior withdrawals (out of) or transfers (out of) the Variable Account Options plus Interest credited. In case of non qualified contract no DB will be payable upon the death the owner .
Other Info
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available When Added
At the time of purchase
Effect Change Ownership
Not Applicable.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
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