ES
● Terminated
Enhanced Stepped-Up Provision Death Benefit
Brighthouse Life Insurance Company
DTCC ID
—
COMPANY
Brighthouse Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Enhanced Stepped-Up Provision Death Benefit
Internal benefit name
Enhanced Stepped-Up Provision Death Benefit
Product policy type
Variable Annuity
Status
● Terminated
Sequence
2
Inception date
—
Closed date
May 01, 2010
DTCC Rider ID
—
Last modified
Aug 07, 2020
Life & Age
Based on life
Owner and 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 annuitant.
State Availability
Exception flag
No
Available in states
—
Benefit Description
Available during accumulation phase. Upon death of owner or annuitant, Issuer will add 40% (25% if owner ages between 70 to 75) of lesser of - 1) 250% of modified purchase payments excluding purchase payments received after first rider anniversary and within 12 months of death, or 2) contract value minus modified purchase payments. Modified purchase payment is equal to contract value at issue, thereafter increased by purchase payments made and reduced by withdrawals.
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.