EE
● Terminated
Earnings Enhancement Benefit Premier Plus Death Benefit
Delaware Life Insurance Company
DTCC ID
—
COMPANY
Delaware Life Insurance Company
TYPE
Variable Annuity
INCEPTION
—
Identity
Benefit name
Earnings Enhancement Benefit Premier Plus Death Benefit
Internal benefit name
Earnings Enhancement Benefit Premier Plus Death Benefit
Company
Product policy type
Variable Annuity
Status
● Terminated
Sequence
7
Inception date
—
Closed date
Aug 17, 2009
DTCC Rider ID
—
Last modified
Oct 22, 2020
Life & Age
Based on life
Owner
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
—
Coverage Flags
Exclude premium bonus
No
Spousal continuation option
No
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) surrender value, or 3) total purchase payments adjusted for withdrawals. Issuer will add 75% of earnings (35% if owner ages between 70 to 79) death benefit base. Earnings equal sum of contract value, including any contract enhancement, exceeds remaining purchase payments. If total purchase payments adjusted for withdrawals exceed contract value no earnings benefit will be paid. Benefit base can never be more than 150% (60% if annuitant's age is between 70 to 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
No longer available for new purchases.