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Variable Annuity
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Nirmala
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United States Life Insurance Company in the City of New York
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Death Benefits
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Maximum Anniversary Value 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
Available during accumulation phase. Upon death of owner, benefit will be greatest of -1) contract value, 2) net purchase payments, or 3) highest contract value on any contract anniversary prior to owner's 83rd birthday or death. Issuer may use different calculation upon election of living benefit. Issuer provides Withdrawal Adjustment with living benefit which depends on when owner want to take a withdrawal and the amount of withdrawal. If cumulative withdrawals for the current contract year are taken prior to 81st birthday and are less than or equal to the Maximum Annual Withdrawal Amount, the amount of adjustment will equal the amount of each withdrawal. If a withdrawal is taken prior to 81st birthday and cumulative withdrawals for the current contract year are in excess of the Maximum Annual Withdrawal Amount, the contract value and the death benefit are first reduced by Maximum Annual Withdrawal Amount. If a withdrawal is taken on or after 81st birthday, the amount of adjustment is determined by the percentage by which the withdrawal reduced the contract value.
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
Issuer will recalculate benefit amount upon change in ownership.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
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