AD
● Active
Accumulation Death Benefit
Atlantic Coast Life Insurance Company
DTCC ID
—
COMPANY
Atlantic Coast Life Insurance Company
INCEPTION
Jun 01, 2018
CLOSED
—
Identity
Benefit name
Accumulation Death Benefit
Internal benefit name
Accumulation Death Benefit
Status
● Active
Inception date
01 Jun 2018
Closed date
—
Description & Notes
Benefit description
Accumulation Death Benefit is an add-on feature available with Accumulation Benefit Rider. Upon death of owner (or annuitant), the death benefit amount will be equal to the greater of 1) a) Account Value; or b) 80% of the Benefit Base, if lump-sum payment option is elected; and 2) 100% of the Benefit Base, if equal payment over 5 years option is elected.