HD
● Terminated
Highest Daily Anniversary Value Death Benefit
Allstate Life Insurance Company of New York
DTCC ID
—
COMPANY
Allstate Life Insurance Company of New York
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Highest Daily Anniversary Value Death Benefit
Internal benefit name
Highest Daily Anniversary Value Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
May 01, 2009
DTCC Rider ID
—
Last modified
Apr 07, 2010
Life & Age
Based on life
Owner (or Annuitant if owner is a natural entity)
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
Issuer will recalculate benefit base upon subsequent purchase payments.
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
Owner may elect during accumulation phase only. Upon death of owner prior to target date, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) highest contract value on any anniversary prior to owner's death, thereafter, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) highest contract value on target date adjusted for withdrawal and payments made since target date. Target date is contract anniversary immediately following owner's or annuitant's 80th birthday. Please see prospectus for details.
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
Change in ownership will not change benefit base.