EB
● Active
Enhanced Beneficiary Benefit
New York Life Insurance Company
DTCC ID
—
COMPANY
New York Life Insurance Company
TYPE
Fixed Annuity
INCEPTION
—
Identity
Benefit name
Enhanced Beneficiary Benefit
Internal benefit name
Enhanced Beneficiary Benefit
Company
Product policy type
Fixed Annuity
Status
● Active
Sequence
2
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
Dec 04, 2013
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
70
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
—
Partial withdrawals
—
Required min distributions
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
State Availability
Exception flag
No
Available in states
—
Benefit Description
Upon death of owner, Issuer will add 40% of earnings to any death benefit payable under contract. Benefit base may not be more than 100% of purchase payments adjusted for withdrawals. Rider is not available for QP contracts. Enhanced Spousal Continuance Rider is automatically included with this rider. Surviving spouse may elect to continue benefit after death of owner, only if Enhanced Spousal Continuance Rider is elected. Change in ownership will result in termination of rider.
Lifecycle Events
Termination
Once elected may not be cancelled.
Available when added
Only at contract issue.