RD
● Active
Ratcheted Death Benefit
Equitable Financial Life Insurance Company of America
DTCC ID
—
COMPANY
Equitable Financial Life Insurance Company of America
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Ratcheted Death Benefit
Internal benefit name
Ratcheted Death Benefit
Product policy type
Variable Annuity
Status
● Active
Sequence
2
Inception date
—
Closed date
—
DTCC Rider ID
—
Last modified
May 10, 2025
Life & Age
Based on life
Annuitant
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
Not Applicable.
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. Upon death of annuitant, benefit will be greater of - 1) contract value, or 2) ratcheted death benefit. Ratcheted death benefit is equal to greater of - 1) total purchase payments, or 2) highest contract value on any 3rd contract anniversary prior to annuitant's 86th birthday adjusted for withdrawals and subsequent payments.
Lifecycle Events
Cancellation
Once elected may not be cancelled.
Termination
Withdrawals may terminate benefit.
Available when added
Only at contract issue.
Effect change ownership
Not Applicable.