EE
● Terminated
Earnings Enhancement Death Benefit
Delaware Life Insurance Company
DTCC ID
—
COMPANY
Delaware Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Earnings Enhancement Death Benefit
Internal benefit name
Earnings Enhancement Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
4
Inception date
—
Closed date
Nov 01, 2002
DTCC Rider ID
—
Last modified
Aug 12, 2019
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
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. Upon death of annuitant, benefit will be greater of - 1) contract value, 2) surrender value, 3) total purchase payments adjusted for withdrawals. Issuer will add 40% of earnings (25% if annuitant's age between 70 and 79) to death benefit payable under contract. Earnings are amount by which sum of contract value, including any contract enhancement, exceeds adjusted purchase payments. Benefit base can never be more than 40% (25% if annuitant's age is between 70 and 79) of adjusted purchase payments minus purchase payments made within 12 months prior to death.
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.