A5
● Terminated
Additional 5-Year Payout Death Benefit Option
Aviva Life and Annuity Company
DTCC ID
—
COMPANY
Aviva Life and Annuity Company
INCEPTION
Sep 16, 2011
CLOSED
Dec 27, 2012
Identity
Benefit name
Additional 5-Year Payout Death Benefit Option
Internal benefit name
Additional 5-Year Payout Death Benefit Option
Company
Status
● Terminated
Inception date
16 Sep 2011
Closed date
27 Dec 2012
Description & Notes
Benefit description
Upon death owner, beneficiary may elect to receive the Income Account Value as a level payment over a period of five years. This option must be elected instead of the underlying annuity's basic death benefit. If beneficiary does not elect the 5-Year Payout Death Benefit Option, will receive the current Accumulated Value of the annuity in a lump sum.