BD
● Terminated
Basic Death Benefit - Option 1
American General Life Insurance Company
DTCC ID
—
COMPANY
American General Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Basic Death Benefit - Option 1
Internal benefit name
Basic Death Benefit - Option 1
Product policy type
Variable Annuity
Status
● Terminated
Sequence
1
Inception date
—
Closed date
May 01, 2009
DTCC Rider ID
—
Last modified
Jul 30, 2013
Life & Age
Based on life
Owner
Single life
No
Joint life
No
Min age
—
Max age
—
Rider select rule
Mandatory
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 Owner, benefit will be greatest of - 1) contract value, 2) net purchase payments compounded at 4% (3% in WA or if age 70 or older) annual growth rate until date of death, or 3) contract value on seventh contract anniversary increased for purchase payments made and reduced for withdrawals.
Lifecycle Events
Cancellation
May not be cancelled.
Termination
May not be terminated.
Available when added
No longer available for new purchases.
Effect change ownership
Contact Issuer for details.