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Variable Annuity
Death benefits
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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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Standard 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(or annuitant if owner is a non-natural person), without election of living benefit, benefit will be greater of - 1) contract value, or 2) net purchase payments, increased by subsequent purchase payments, adjusted for withdrawals. Upon death of owner or annuitant with election of living benefit, benefit will be greater of - 1) contract value, or 2) purchase payments reduced by - a) any withdrawals if living benefit is not terminated, or b) any withdrawals prior to the date living benefit is terminated. Issuer offers Extended Legacy Program and Inherited Account Program, for beneficiaries to continue the contract after the death of the owner. There is an Extended Legacy Program, offered by issuer, for beneficiaries to continue the contract after the death of the owner. The program is not available under rollover contracts and with any other than 5-year settlement option. Upon election, beneficiary may choose to receive the death benefit under either 1) a 5-year settlement option (starting from death of owner); or 2) in the form of withdrawals for a longer period of time. Issuer will charge the beneficiary an annual base contract expense of 0.85%. This charge is deducted daily from the average daily ending net asset value allocated to the Variable Portfolios.
Other Info
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available When Added
No longer available for new purchases.
Effect Change Ownership
None.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
Exception
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