AS
● Terminated
Annual Step-Up Death Benefit
Nassau Financial Group
DTCC ID
—
COMPANY
Nassau Financial Group
INCEPTION
—
CLOSED
May 01, 2004
Identity
Benefit name
Annual Step-Up Death Benefit
Internal benefit name
Annual Step-Up Death Benefit
Company
Status
● Terminated
Inception date
—
Closed date
01 May 2004
Description & Notes
Benefit description
Available during accumulation phase. Upon death of owner or annuitant, benefit will be greatest of - 1) contract value, 2) total purchase payments adjusted for withdrawals, or 3) annual step-up amount. Annual step-up amount equals highest contract value calculated on any contract anniversary, prior to owner or annuitant's age 80, increased by purchase payments made and reduced by withdrawals.