EB
● Active
Earnings Benefit
American United Life Insurance Company
DTCC ID
—
COMPANY
American United Life Insurance Company
TYPE
Variable Annuity
INCEPTION
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Identity
Benefit name
Earnings Benefit
Internal benefit name
Earnings Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
3
Inception date
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Closed date
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DTCC Rider ID
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Last modified
Jul 31, 2019
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Optional
Waiting period
—
Waiting term
—
Benefit Base
Maximum benefit base
—
Maximum benefit base %
—
With reduce benefit base
—
Subsequent premium
Subsequent purchase payment will increase benefit base by dollar-for-dollar amount.
Partial withdrawals
Contact Issuer for details.
Required min distributions
Contact Issuer for details.
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
Yes
Spousal continuation detail
Surviving spouse may elect to continue benefit under certain conditions after death of owner.
State Availability
Exception flag
No
Available in states
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Benefit Description
Available during accumulation phase. Issuer will add up to 35% of earnings to any death benefit payable under contract. Earnings equal contract value, including any contract enhancement, less purchase payments paid till 12 months prior to death except for death in first contract year. If total purchase payments adjusted for withdrawals exceed contract value no earnings benefit will be paid. Benefit can never be more than 250% of adjusted purchase payments, which are limited to $1000,000.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
Only at contract issue.
Effect change ownership
Contact Issuer for details.