C5
● Terminated
Combination 5% Roll-Up and Highest Anniversary Value Death Benefit
Everlake Life Insurance Company
DTCC ID
—
COMPANY
Everlake Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Combination 5% Roll-Up and Highest Anniversary Value Death Benefit
Internal benefit name
Combination 5% Roll-Up and Highest Anniversary Value Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
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Closed date
May 01, 2009
DTCC Rider ID
—
Last modified
Oct 26, 2020
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
Withdrawals will reduce benefit base in same proportion.
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 after death of owner.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase only. Upon death of owner, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, 3) highest contract value, or 4) 5% Roll-up value. Highest contract value is equal to highest contract value calculated on any contract anniversary, prior to target date, adjusted for withdrawal and payments made since target date. 5% Roll-up value is equal to total purchase payments, accumulated at 5% annually, prior to target date, adjusted for withdrawal and purchase payments made since target date . Target date is contract anniversary immediately following owner's or annuitant's 80th birthday.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Once elected may not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Contact Issuer for details.