BD
● Active
Basic Death Benefit
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Indexed Annuity
INCEPTION
Sep 01, 2020
Identity
Benefit name
Basic Death Benefit
Internal benefit name
Basic Death Benefit
Product policy type
Indexed Annuity
Status
● Active
Sequence
1
Inception date
Sep 01, 2020
Closed date
—
DTCC Rider ID
—
Last modified
Mar 16, 2021
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
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
Yes
Spousal continuation detail
Surviving spouse may elect to continue the benefit.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase, benefit is the greater of the 1) Minimum Withdrawal Value (MWV) or 2) Contract value. MWV is 87.5% of premiums growing at 1% compounded annually.
Lifecycle Events
—